Rs 51.88 cr PMEGP assistance disbursed in 2018-19

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Bhubaneswar: Prime Minister Employment Generation Programme (PMEGP) assistance of Rs 51.88 crore has been disbursed during 2018-19 financial year in Odisha for promotion of 2079 MSME units.

It was revealed during the Sub-Committee of State Level Bankers Committee Odisha (SLBC) meeting held today. Additional chief secretary, MSME, LN Gupta instructed the bankers to expedite sanction and disbursement of assistance against the eligible pending loan applications by the end of this month.

The Director, KVIC informed that those applicants, who have repaid the first loan under PMEGP and are ready to provide 10% contribution can avail the 2nd loan for expansion and up-gradation of their projects up to Rs.1.00 crore. The maximum subsidy on the 2nd loan would be Rs.15 lakh.

During the review, the SLBC Convenor PKC Dash, UCO Bank informed that 469 branches of various commercial and Gramya Banks have been declared as specialized MSME bank branches to cater to the requirements of MSMEs in the state.

The representative of SIDBI informed that MUDRA loans of Rs 1152 crore sanctioned to 62,077 loan beneficiaries have been covered under Credit Guarantee Fund for Micro Units (CGFMU).

Director, Industries informed that during the current year till the end of January, 2019, 67,500 MSMEs have gone into production (GIP) with an investment of Rs 4050 crore and employment to 3,37,500 persons.

As regards Entrepreneurship Development Programme, the DI informed that total 317 EDPs have been conducted till January, 2019 covering 9,800 participants. Representatives of various banks, SIDBI and General Managers of RICs/DICs participated in the meeting.

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