Bare ActsThe Odisha MSME Development Policy - 2016

Section 3

Strategy 3

Amendment status not verified — confirm the current text below against the official source.

Strategy 3.1 To achieve the objectives of this Policy, the following strategy is proposed: a) Setting up of Facilitation Cells at all Regional Industries Centres (RICs) / District Industries Centres (DICs) and strengthening of RICs / DICs. b) Development of MSME Parks in districts to provide ready infrastructure for establishment of MSMEs and to promote balanced growth across regions. c) Development of product-specific clusters namely, cashew, engineering, rice based products, pharmaceutical, plastic & polymer, readymade garments, agro & food processing, stone wares, etc. 3 d) Convergence of schemes and resources of state with and leveraging of Government of India schemes and resources. e) Suitable incentive packages for promotion and growth of MSMEs especially in industrially backward districts including KBK districts. f) Facilitate setting up of Ancillary & Downstream enterprises of the existing and upcoming Large Industries & Public Sector Undertakings. g) Enhance flow of credit to MSMEs by encouraging banks / financial institutions through dedicated MSME branches. h) Establish MSME ~ Institution linkages for creation of awareness, imparting entrepreneurial education through empanelled Institutes & setting up of Livelihood Business Incubators (LBIs) / Technology Business Incubators. i) Strengthen MSME ~ Academia interface for skill development, product / process development, R&D and innovations. j) Thrust on revival of sick MSMEs including prevention of sickness. k) Encourage product branding “Made in Odisha” for global recognition. l) Organize road shows, awareness programme and investors’ meet extensively inside the country and at strategic locations overseas. 3.2 The Policy takes cognizance of 'Ease of Doing Business' initiatives and the relevant extant Policies of both the State Government & Government of India and aims to make Odisha - a destination of choice for MSMEs. Accordingly, the Policy has been divided into three parts, viz. an Enabling Framework, Supporting Framework and Incentive Framework.

Section 3 – The Odisha MSME Development Policy - 2016 | DailyLaw.ai