The Odisha government has set a target of creating 1.5 lakh MSME units with an employment potential of more than four lakh jobs within the next five years, said Governor S.C. Jamir on Tuesday.
"As of now, more than 1.60 lakh MSME units have been established in our state with an investment of Rs.7,900 crore which have been instrumental in providing employment opportunities to more than 8.5 lakh youths of my state," he said in his address to the budget session of state assembly here.
Jamir said the state government has already facilitated establishment of 32,938 units with parallel employment opportunities for 101,885 youths. The government is also attempting to strengthen Export Promotion and Marketing Directorate, Odisha Small Industries Corporation and Odisha State Finance Commission to establish an integrated framework to augment the growth and sustenance of this sector, he added.
Under the Chief Minister's Employment Generation Programme, the government aims to upgrade the skill of 150 youth from every panchayat and ensure their placement. "Overall, my government has set a target to train 9.3 lakh youths across 6,234 gram panchayats and 1.7 lakh youths from the urban areas in next four years," said Jamir.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
