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Union MSME Minister urged the banking industry to be reasonable towards genuine traders

Bhubaneswar:11/8/19: Union MSME Minister Pratap Sarangi on Sunday urged the banking industry to be reasonable towards genuine traders.

Attending an event organized by Odisha Association of Small and Medium Enterprises (OASME) here, Sarangi said traders’ community eases government’s effort on employment and job creation.

“They provide thousands of jobs and livelihood to people. All traders are not like Nirav Modi and Vijay Mallya. All are not leaving countries by siphoning funds of banks. Few traders need just time to repay the debt. Banks should be reasonable towards genuine traders. They should be provided enough time if they already repaid large part of the total debt,” he added.

Highlighting the importance of MSME of economic growth of the country, he said, “Contribution of MSME industry to manufacturing is 45%, to export is 20% and contribution to GDP of the country is 28%. This the second largest sector after agriculture on job creation. If MSME sector suffers then it impacts the economy of the country.”


He urged OASME to arrange reach out programmes in different parts of the state and provide helping hands to hundreds of youth of Odisha to fulfill their dream of becoming an entrepreneur.

Odisha Industries Minister Dibya Shankar Mishra informed that Keshinga of Western Odisha will have special SME cluster soon.

Two SME clusters have been planned for the state, which will go to operational very soon, he added.

The Minister also urged the Government of India to announce special packages for cyclone Fani affected SME industries of the state.

Governor Prof. Ganeshi Lal discussed about the environment protection and human life during industrialization.

This is the need of the hour to save the planet from environmental threats and ecological imbalances, said the Governor.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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