{"id":154972,"date":"2026-08-23T09:33:57","date_gmt":"2026-08-23T04:03:57","guid":{"rendered":"http:\/\/indusvalleytimes.com\/news\/?p=154972"},"modified":"2026-08-23T09:33:58","modified_gmt":"2026-08-23T04:03:58","slug":"banking-sector-should-simplify-credit-access-and-cibil-score-reforms-to-boost-msme-growth-in-odisha-governor-hari-babu-kambhampati","status":"publish","type":"post","link":"http:\/\/indusvalleytimes.com\/news\/banking-sector-should-simplify-credit-access-and-cibil-score-reforms-to-boost-msme-growth-in-odisha-governor-hari-babu-kambhampati\/","title":{"rendered":"Banking sector should simplify Credit Access and CIBIL Score reforms to Boost MSME growth in Odisha: Governor Hari Babu Kambhampati"},"content":{"rendered":"\n<p class=\"caps\">By Tapaswini Sahoo<\/p>\n\n\n\n<p>Bhubaneswar\/Odisha, Aug 23 : The Odisha Assembly of Small &amp; Medium Enterprises (OASME) celebrated its 41stFoundation Day and Annual Convention 2026 in Bhubaneswar, bringing together government representatives, industry leaders, entrepreneurs and stakeholders from the MSME and startup ecosystem.<\/p>\n\n\n\n<p>Hon\u2019ble Governor of Odisha, Dr. Hari Babu Kambhampati, graced the occasion as the Chief Guest. The event was also attended by Shri Suresh Pujari, Hon\u2019ble Minister of Revenue and Disaster Management; Shri Sampad Chandra Swain, Hon\u2019ble Minister of State, Industries, Skill Development and Technical Education; Shri Hemant Sharma, IAS, Additional Chief Secretary, Industries, Home and I&amp;PR Department, Government of Odisha; Rashmita Panda, IAS, Commissioner-cum-Secretary, Micro, Small &amp; Medium Enterprise DepartmentGovernment of Odisha,and Shri Brijendra Pratap Singh is the Chairman-cum-Managing Director (CMD) of the National Aluminium Company Limited (NALCO), and Gouri Shankar Dash, Chairman of OASME along with all the members.<\/p>\n\n\n\n<p>The convention featured the release of the OASME Souvenir 2026 and the presentation of the OASME Awards 2026, recognising entrepreneurs and enterprises for their contribution to Odisha\u2019s MSME sector. Awards were presented across several categories, including Best Medium Enterprise, Best Small Enterprise, Best Micro Enterprise, Best Women Entrepreneur, Best Service Enterprise, Best Promising Young Entrepreneur and Best Mother Plant, among others.<\/p>\n\n\n\n<p>The Satya Swain Memorial Lifetime Achievement Award was presented to Mr. Kahnu Charan Nayak, Managing Director, Subhashree Packers Pvt. Ltd., Tangi, Cuttack, for his pioneering contribution to Odisha\u2019s packaging industry. Mr. Nayak had established Odisha\u2019s first Expanded Polystyrene manufacturing plant in 1987 and had contributed significantly to employment generation in the state.<\/p>\n\n\n\n<p>A key highlight of the event was the seminar on \u201cLeveraging Odisha\u2019s Emerging Ecosystem for Manufacturing Innovation and Startups \u2013 Vision 2036.\u201d The session brought together experts and industry leaders to discuss the opportunities for manufacturing innovation, entrepreneurship and startup development in Odisha.<\/p>\n\n\n\n<p>Addressing the gathering,Dr. Hari Babu Kambhampati, Hon\u2019ble Governor of Odisha, said, \u201cMSMEs are the backbone of Odisha\u2019s economic growth and play a vital role in generating employment, promoting entrepreneurship and strengthening local industries. I commend OASME for its continued efforts towards supporting and recognising the contribution of MSMEs across the state. Such platforms are important for encouraging innovation, collaboration and sustainable industrial development as Odisha moves towards a stronger and more self-reliant economy.\u201d<\/p>\n\n\n\n<p>Speaking more on the occasion, heurged the banking sector to simplify credit accessibility for MSME ecosystem in Odisha by removing bottlenecks related to CIBIL score requirements ensuring smooth flow of credit to support MSMEs and enable their growth.<\/p>\n\n\n\n<p>Shri Gauri Sankar Dash, Chairman, OASME, mentioned, \u201cOdisha\u2019s MSME sector has immense potential to drive employment, innovation and inclusive economic growth. The convention provided an important platform for bringing industry and government stakeholders together and strengthening the ecosystem for entrepreneurs and enterprises in the state.\u201d<\/p>\n\n\n\n<p>Mr. Satwik Swain, Secretary General (Hony), OASME, said, \u201cThe 41st Annual Convention was an opportunity to recognise the contribution of Odisha\u2019s entrepreneurs while also looking ahead at the future of manufacturing, startups and MSMEs. The discussions highlighted the importance of collaboration in creating new opportunities for enterprises across Odisha.\u201d<\/p>\n\n\n\n<p>The convention concluded with a renewed commitment towards empowering MSMEs and building a stronger, more sustainable industrial ecosystem in Odisha.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Tapaswini Sahoo Bhubaneswar\/Odisha, Aug 23 : The Odisha Assembly of Small &amp; Medium Enterprises (OASME) celebrated its 41stFoundation Day and Annual Convention 2026 in Bhubaneswar, bringing together government 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