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In its bid to avail facilities being provided by the National Small Industries Corporation Ltd (NSIC) for the benefit of the Micro, Small and Medium Enterprises (MSME) sector, Odisha government has decided to ink a memorandum of understanding (MoU) with the central PSU for setting up business incubation centres in the state.NSIC

The department of MSME in a letter to the NSIC has expressed its intentions for signing the MoU after neighbouring West Bengal.

“I understand NSIC has signed a MoU with the government of West Bengal for setting up business incubation centres with special focus on backward and less industrialised regions of the state. The government of Odisha would like to go for a similar MoU arrangement with your organisation for the benefit of MSME sector,” said MSME secretary Panchanan Das in a letter to the NSIC.

The state government has also proposed to avail credit from various banks under the bank tie-up scheme of the NSIC.

The NSIC has signed arrangements with different nationalised banks for credit facilitation to the MSME sector.

Stating that Odisha has 30 district industry centres (DICs), Das said MSME credit proposals can be mobilized and forwarded to NSIC for sanction of loan under the Bank Tie-Up scheme. “We would also like to add this clause in the proposed MoU with you so that MSME would be benefited,” Das said in the letter.