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Boost to MSME sector

Chief minister Naveen Patnaik speaks at the Entrepreneurs' Week event in Bhubaneswar. Picture by Sanjib Mukherjee

Bhubaneswar, March 6: The state government has reiterated all entrepreneurial support to promote the micro, small and medium scale enterprise sector.

Inaugurating the Entrepreneurs' Week on the 99th birth anniversary of Biju Patnaik, who was considered as the doyen of entrepreneurship, chief minister Naveen Patnaik said: "Support would be provided from the Odisha Youth Innovation Fund to promote the micro, small and medium scale industries."

At present, the government is focusing on the micro small and medium enterprises, as the entrepreneurship is increasingly recognised as an important driver of economic growth, productivity, innovation and employment.

Industries minister Debi Prasad Mishra said: "The developing nations suffer from shortage of entrepreneurs. This is one of the reasons behind poverty in the developing countries, despite their rich natural resources. We are now focusing to promote entrepreneurship in the state."

Micro small and medium enterprises minister Jogendra Behera said: "The role of entrepreneurship is not confined only to the creation of enterprises, it also includes creation of the capacity to produce wealth, jobs and income which are the most direct indicators of economic development."

The MSME department has ventured into conducting series of programmes at grass-roots level to promote and encourage innovation and entrepreneurship among the youths of the state, Behera said.

According to the fourth MSME census in the state, 1.57 million such enterprises provide employment to nearly 3.32 million people, making it the largest source of employment after the agriculture sector. Besides, many from the vulnerable and marginalised sectors of society are engaged in it. Many women workers are also involved in the sector.

Many entrepreneurs, technocrats, financial institutions and all those engaged in promotion and development of such enterprises were present at the inaugural session.

In the next six days, various state-level programmes are planned to be organised during the entire week which includes seminars and workshops on various issues related to tourism, food processing, export, cluster development, safety measures, quality, credit, infrastructure, promotion of ancillary and downstream industries apart from all other aspects concerning the promotion and development of the MSME. Workshops related to the promotion and development of the sector will also be conducted in all 30 districts in association with the stakeholders.

Micro small and medium enterprises secretary Panchanan Dash said the policy to promote entrepreneurship would shortly be announced to encourage the youths.


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