Bhubaneswar: Odisha government has assured the MSMEs that Rs 38,000 crore worth of loan will be made available for MSME sector to bail them out of Covid-19 crisis.
Participating in a Webcon on ‘Unlocking Economic Stimulus and Finance Facilitation for MSMEs’, organised jointly by MSME department, finance department and Indian Chambers of Commerce (ICC), the MSME minister Dibya Shankar Mishra said, the State government has fixed a target to extend lending upto Rs. 38,000 crores for distressed MSMEs due to COVID-19 situation. Out of the total annual lending plan of Rs 90,000 crore, Rs 38,000 crore has been earmarked for MSMEs, he added.
Principal secretary finance Ashok Meena said that the State Government has formed an inter-ministerial committee to find out ways to help the distressed MSME Sector. According to him the government has committed to clear all government payables to the MSMEs towards their supply and services.
ICC member Matrudutta Misha, ICC finance committee convenor Rajiv Sekhar Sahoo,SIDBI general manager from Hyderabad Sanjay Jain, ICICI Bank zonal head Pradesh Ranjan Rourt and ICC advisory committee member Rajen Padhi participated in the Webcon.