BHUBANESWAR: Commercial banks in the state have made a credit disbursal of Rs 44,950.44 crore to around 3.66 lakh micro, small and medium enterprises during 2024-25 financial year.
Replying to a question of BJD MP Sasmit Patra, Union minister of state for MSME Shobha Karandlaje informed the Rajya Sabha on Monday that margin money subsidy amounting to Rs 53.42 crore has been provided to 1,867 micro enterprises under Prime Minister’s Employment Generation Programme and 94,128 number of guarantees amounting to rs 9,683 crore issued under credit guarantee scheme of the ministry in the last fiscal.
On the employment trend in MSMEs located in backward districts, the Union minister said as per Odisha MSME Development Policy 2022, Kalahandi, Nuapada, Balangir, Sonepur, Koraput, Malkangiri, Rayagada, Nabarangpur, Kandhamal, Gajapati and Mayurbhanj are industrially-backward. Altogether, 4,23,760 MSME units are located in these districts and cumulative employment has been generated for over 20 lakh people in these units in the last five years from July 1, 2020 to July 1, 2025.
Tribal-dominated Mayurbhanj district with 90,712 units has generated employment for over 3.22 lakh individuals followed by Balangir district for 3.04 lakh people in 68,451 units. The most backward Malkangiri district with 18,431 units has provided employment to 95,482 people in the last five years.
According to the Odisha Economic Survey, the state has 18.7 lakh MSMEs as of January 2025 out of which 9.7 lakh are micro units, 8.8 lakh informal micro enterprises, 15,000 small and 1,100 medium enterprises. The compound annual growth rate in bank credit to MSMEs is 22.8 per cent.
Referring to a report of the Director of Industries, Odisha, the Union minister said neither have the cyclone-affected MSMEs of the state given any special fund nor has the state government announced a special package for their revival.