Reserve Bank of India Governor Dr Raghuram G Rajan stressed on regulatory and administrative reforms for entrepreneurship growth while delivering the 4th lecture in the Odisha Knowledge Hub (OKH) lecture Series at the State Secretariat here on Saturday.
“Regulatory norms should provide the scope for ‘easy entry to and exit from’ the enterprises along with ‘basic safety net’ for entrepreneurs and workers,” he opined.
He too emphasised on capacity enhancement of people to derive benefit from reforms and improving skill base in the society.
Stating that entrepreneurs need smooth access to finance and markets, the RBI Governor suggested that the small and medium enterprises be linked to national and international marketing entities through web-based technology.
He said the front-line regulators like inspectors and field officers be updated with new reformative initiatives of the Government for promotion and growth of enterprises.
Development Commissioner R Balakrishnan outlined the objectives of OKH. Chief Minister Naveen Patnaik witnessed the lecture from his office through video conferencing. Ministers, MlAs, Principal Secretaries, Secretaries and other officers from both Central and State Governments participated in the programme.
The programme was also video-linked to all 30 districts from where Collectors and senior officers participated in discussion.
Finance Minister Pradip Kumar Amat presented the ‘Odisha memento’ to Rajan as a mark of honour.