Odisha MSME development policy 2016

  • The Odisha MSME policy has been approved by the State cabinet in its 33rd meeting on 22 November 2016.
  • The policy enhances the capital investment subsidy to MSMEs and lays special emphasis on development of Entrepreneurs among SC/ST, differently abled persons and Women across the State.
  • Also additional capital investment subsidy has been announced for Micro & Small Entrepreneurs setting up  enterprises in the “industrially backward districts”.
VISION;

To make Odisha –“a destination of choice”

OBJECTIVE;

The objectives of the policy are to:

  • Encourage new manufacturing capacity based on improved competitiveness.
  • Provide a conducive eco-system for promotion and growth of MSMEs in potential sectors.
  • Provide opportunities to local entrepreneurial talent.
  • Maximize avenues of employment generation for the youth.
  • Facilitate MSMEs in accessing domestic and export markets.
  • Make concerted efforts for revival of sick enterprises.
  • Make focussed efforts for sustainable, inclusive & balanced growth.
PRIORITY DISTRICTS;
  • Kalahandi
  • Nuapada
  • Bolangir
  • Subarnpur
  • Koraput
  • Malkangiri
  • Rayagada
  • Nabrangpur
  • Kandhamal
  • Gajapati
  • Mayurbhanj