Union Financial Services Secretary Debashish Panda has appreciated the efforts of the Odisha Government in facilitating credit to MSMEs and other sectors.Addressing the State Level Bankers’ Committee on October 29, Panda appreciated the action of Principal Secretary Finance Ashok Kumar Meena and Principal Secretary MSME Satyabrata Sahu.
Both the senior officials worked in tandem to extend more and more credit facilities to the entrepreneurs and they monitored credit efforts taken by bankers in Odisha. Panda while appreciating the efforts assured all-out support for the State Government, which is very serious about restoring economy both at State level and at individual household level.
For this State has been focussing on credit flow to farmers, Mission Shakti Self Help Groups and MSMEs.So far as performance under Atma Nirbhar Bharat Package is concerned, Rs 4,121.16 crore through 67,103 accounts has been sanctioned to MSMEs.This is one of highest credit efforts in recent times, thanks to continuous monitoring by Principal Secretary MSME Sahu. So far as financing to MSME sector is concerned, as on June 30, 2019, there were 13, 74, 656 accounts, which were extended credit worth Rs 40,241.30 crore and as on June 30, 2020, it has risen to 16,10,532 with an amount of Rs 42,140.85 crore, sources said.
Micro enterprises having 10,99,057 accounts received Rs 17,388.08 crore, small enterprises having 2,02,829 accounts got credit of Rs 15,278.70 crore and medium entreprises with 72,770 accounts got Rs 7,574.53 crore as on June 30, 2019.
As on June 30, 2020, 13,81,714 micro enterprises have been extended Rs 21,054.43 crore, while small enterprises with 1,79,905 accounts, got Rs 15,398.74 crore and medium enterprises with 48, 819 accounts were extended Rs 5,667.68 crore.