Impact of Pandemic on the Financing of MSME Sector in Odisha with Reference to SBI

Abstract

The Covid-19 pandemic has been a tough challenge for the entire industrial sector. Many industries suffered a lot due to the lockdown and many lost their jobs. The business organisations could not afford to pay salaries to the staff members due to lack of revenue, and, hence, with the downfall of industries, the personal growth of individuals was also stuck. The State Bank of India provided has remarkably supported in this aspect. This paper mainly focuses on the steps taken by the State Bank of India for the growth of entrepreneurship in the country. This paper also aims at identifying the areas considered by the State Bank of India in this direction. Though it is a theoretical paper, it deals primarily with various schemes offered by the State Bank of India for entrepreneurship development and highlights the logical grounds on the basis of which provision for appropriate financial accommodation can be made. This is a policy cum review paper and hence, no tool and technique have been used.