Odisha MSME sector gets Rs 1200 crore credits from banks in pandemic time

Bhubaneswar: As many as 57181 MSMEs in Odisha got Rs 1291.03 crore credit from the banks as part of the government of India pandemic bailout package.

Setting a target of Rs 3000 crore, the banks have sanctioned Rs2251.41 crore for disbursement as on today. Out of this Rs 1291.03 crore, which is about 57.35% of the sanctioned money, has been disbursed by the banks.

The State MSME principal secdetary, Satyabrata Sahoo, who is intensely pursuing the bankers for disbursement of credits, said that the target of Rs 3000 crore would be achieved by the end of this month.