Bhubaneswar, Aug. 12 -- Commercial banks operating in Odisha disbursed credit worth Rs 44,950.44 crore to approximately 3.66 lakh micro, small and medium enterprises during the 2024-25 financial year, according to official data presented in Parliament.

Union Minister of State for MSME Shobha Karandlaje provided these figures while responding to a question raised by Biju Janata Dal Member of Parliament Sasmit Patra in the Rajya Sabha on Monday. The minister detailed various government initiatives supporting the MSME sector in the state.

Under the Prime Minister's Employment Generation Programme, margin money subsidy totaling Rs 53.42 crore was extended to 1,867 micro enterprises during the period.

Additionally, the ministry's credit gua...