Govt's proposed Rs 277 crore MSME investment set to boost India's economy: Industry officials

Speaking to ANI, Manoj Mohan Sinha, Zonal Manager, MSME, Government of India, on the sidelines of an MSME awareness programme in Odisha, said the Indian government has allocated Rs 277 crore by 2027 to onboard 5 lakh MSMEs onto the ONDC platform.

"The Indian government has promised Rs 277 crore by 2027 that we will onboard 500,000 MSMEs on the ONDC platform, of which 50 per cent will be women," he said.

As per Sinha, MSMEs will be completely digitalised in the future and greatly contribute to the country's economic growth.

"MSMEs will be completely digitalised, and they will have a huge contribution to the economic growth of the country," he noted.

Rasmi Rajalaxmi Bhanja Deo, HH, Mayurbhanj, said, Odisha will likely see wider market access and improved livelihood opportunities for MSMEs as more local enterprises are brought into the digital commerce ecosystem, with around 15,000-16,000 MSMEs already registered in the district.

"Mayurbhanj has around 15,000 to 16,000 already registered MSMEs. So, I think it will be a great step for the people who are already associated with them and more people can join these MSME projects," she said.

Deo further added that the initiative is expected to improve livelihoods and enhance the market value of local products by enabling MSMEs to reach markets beyond Odisha, across India and potentially internationally.

"I think it will increase their livelihood and also increase the market value of the products because it will not be sent only to Odisha but out of Odisha to all parts of India and maybe internationally also," she said.

The government conducted an MSME awareness programme in Odisha, collaborating with the Ministry of Micro, Small and Medium Enterprises (MSME) and National Small Industries Corporation (NSIC) as the implementing agency on Wednesday. (ANI)