Bhubaneswar: The government of Odisha  is planning to set up micro, small and medium enterprises (MSMEs) parks in all the 30 districts of the state, a top government official said.

Speaking at a program in Bhubaneswar, Chief secretary SC Mohapatra said that MSMEs will get all infrastructure support including land, electricity, and water in the districts, 

He said at the Propack Odisha 2022 and MSME Odisha 2022 closing session on Sunday that the Odisha Assembly of Small and Medium Enterprises (OASME) had given the Odisha Industrial Infrastructure Development Corporation (IDCO) more than Rs 450 crore to build the necessary infrastructure in the districts for the purpose. 

"It is encouraging that banks have increased their financing to MSMEs by 30–40% over the past few years. In response to the claim made by businesspeople that banks were uncooperative, Mohapatra said that Chief Minister Naveen Patnaik had attended two rounds of meetings with bankers in this respect. P K Deb, the minister of industries for Odisha, said that the younger generation must take risks and not rely solely on government assistance.

 "Odisha has the best industrial infrastructure. Odisha is getting big, heavy industries. But MSME is what the state wants most. Industry organisations ought to step up and propose a change in policy, he said. Given that this industry is a key pillar of economic growth, state finance secretary Vishal Dev asked banks to guarantee that financing was available for MSMEs. However, businesses in this area frequently struggle with funding.

He said that banks have been instructed to ensure that financing for MSMEs is available and to take care of the quality of that financing. Additionally, the government actively plans workshops with various banks and trade platforms on a monthly basis.

"Our plan is to add all Public sector  banks to trade discounting platforms by the year-end. It will greatly help MSME," Dev said and urged banks to lend higher than what is targeted for them.

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