Steady flow of credit to the MSME sector in Orissa

The banks in Orissa have lent Rs 3062.4 crore loan to the micro, small and medium enterprises (MSME) operating in the housing and automobile sectors of the state during the first eight months of 2009-10. This loan amount excludes those given by the private banks.

According to the information compiled by the State Level Bankers’ Committee (SLBC), there were 2317 sick small scale industries in the state by the end of November 2009, involving a loan exposure of Rs 252.75 crore.

The flow of credit to these sectors was reviewed in the special monthly SLBC meeting held recently. It was found that there has been steady flow of credit to the MSMEs, housing and automobile sectors.