Government of Odisha
Micro, Small & Medium Enterprises Department
The 24th November 2016
Odisha MSME Development Policy, 2016
No.7845-n-MSME-63/20l6 – The Micro, Small & Medium Enterprises (MSMEs) contribute significantly to value addition, employment generation and exports and thereby, to overall growth of the economy. MSME sector in Odisha has immense potential for growth in view of the ongoing fast industrialisation process in the State.
The Odisha MSME Development Policy-2009 was formulated in conjunction with the Industrial Policy Resolution-2007. Meanwhile, State has notified Industrial Policy Resolution-2015 providing better fiscal and non-fiscal incentives for industries. It was, therefore, imperative to have a new MSME Development Policy to put in place commensurate enabling & support framework for sustainable growth of the MSME sector. Accordingly, draft MSME Development Policy-2016 was prepared in consultation with all the stakeholders.