1.93 million engaged in MSMEs in State, says Naveen

Published: 06th March 2013 12:25 PM  |   Last Updated: 06th March 2013 12:25 PM   |  A+A-

Chief Minister Naveen Patnaik on Tuesday said the Government’s top priority is to create a conducive environment for the growth of entrepreneurs in the State. He was speaking at the inaugural function of the ninth Entrepreneurs’ Week organised by the Micro, Small and Medium Enterprise (MSME) Department.

The function coincided with the birth anniversary of former chief minister Biju Patnaik who is known for pioneering entrepreneurial growth in the State.

 More than 1.93 million people are engaged in MSMEs across the State, making it the second largest employment generator after agriculture.

Patnaik mentioned that major problem for entrepreneurs is non-availability of credit. “The fourth MSME census shows that around 85 per cent of MSME entrepreneurs are unable to get the credit needed for their ventures. I insist that the financial institutions should work towards facilitating credit for them,” said Patnaik.

Lack of technical know-how and poor marketing facilities are some of the other issues faced by the entrepreneurs.The State Government has issued instructions to MSME Department to formulate specific guidelines that would facilitate  marketing of their products as it is crucial for their survival.

Around 74 per cent of MSMEs are located in rural areas and the sector has seen a significant growth in the past few years. It is mostly the women and marginal population who work in these MSMEs.

Stating that awareness about the importance of MSMEs has been increasing, Industries and Excise Minister Niranjan Pujari said among all MSMEs, State Government has prioritised the development of the food processing industry.

During the week-long programme, thematic discussions, open house debates on topics related to entrepreneurship, seminars and workshops on development of MSMEs will be conducted throughout the 30 districts of the State. MSME Minister Damodar Rout and Finance Minister Prasanna Acharya were also present at the event.

Stay up to date on all the latest Odisha news with The New Indian Express App. Download now


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp