BHUBANESWAR : The MSME sector in Odisha has been supplied highest mortgage of Rs 3,107.82 crore in 2020-21 amidst the Covid-19 pandemic for revival of the State’s economic system. The mortgage has been supplied below the Emergency Credit score Line Assure Scheme launched by the Centre to assist revival of various sectors hit by the pandemic.
Official sources stated help from Odisha authorities and cooperation from the banks have made the scheme a hit within the State. Of the Rs 3,308.69 crore sanctioned for 2020-21, Rs 3,107.82 crore has already been launched to the entrepreneurs. Equally, mortgage of Rs 115 crore has been launched to 4,358 entrepreneurs below the Prime Minister Employment Technology Programme.
The State authorities has initiated a number of different measures to make the MSME sector vibrant. These included provision of seed cash of Rs 40,000 every to 2,814 members of SHGs totalling Rs 7.74 crore. Apart from, subsidy of Rs 53.69 lakh was supplied to 21 SHGs to maintain them in the course of the pandemic. The division has written to the Centre to supply subsidy to a few farmer producer corporations, sources added.
Apart from, the federal government has sanctioned a grant of Rs 1.63 crore to Odisha College of Agriculture and Know-how (OUAT) for institution of an incubation centre at Rangeilunda in Ganjam district to spice up manufacturing in fisheries sector. Different measures embrace provision of Rs 8.5 crore for ORMAS for branding and correct packaging of Odisha’s meals produces for higher advertising and marketing.
Chief Minister Naveen Patnaik had introduced a stimulus bundle of Rs 289.42 crore for MSMEs on December 15, 2020. The bundle included help measures equivalent to curiosity subvention, top-up subsidy, reimbursement of state GST and waiver of annual institutional upkeep prices.