Odisha Bets Big On MSMEs For Job Creation | SupportBiz

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Odisha Bets Big On MSMEs For Job Creation

 
The Odisha government has created 55,567 jobs through new Micro, Small and Medium Enterprises (MSMEs) by September of 2016, said an official.

The state government has set a target to generate 3.30 lakh jobs by setting up 66,000 new MSME units during 2016-17, and the MSME department has facilitated setting up 17,741 units to create 55,567 jobs by the end of September, said the official.

The state government has drawn a district industries centre wise plan to achieve the objectives, but the department has failed to achieve the set target in 2015-16. While it had set a target to generate three lakh employment through 60,000 new MSMEs, it could only set up 53,895 units that created 1.75 lakh jobs in 2015-16, said the official.

There are about 1.5 million MSME units in the state providing jobs to 3.3 million people, said sources. Sources also added that entrepreneurs are facing problem to set up their MSME units as the national banks are not extending loans to them. The state government has several times raised the issues at the meetings of State Level Bankers’ Committee.