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The Micro, Small and Medium Enterprises contribute significantly to value addition, employment generation, exports and overall growth and development of the country’s economy. In Odisha itself MSME units are generating maximum employment next to agriculture. The MSME sector is responsible for about 40 per cent of the exports and 45 per cent of the total manufacturing production and rendering of services are done in a small or micro scale. These industries make a onetime investment in machinery, plant and equipment. The business is organized by individuals in the private sector.It has been empirically established that level of per capita income is positively correlated with the degree of industrialization. The wide gap between developed and less developed countries is reflected in the glaring disparities in their industrial progress. While the developed countries are largely industrial, the under developed ones are primarily agricultural. Most of the less developed countries are characterized by low degree of industrialization. Thus it is aptly said that, economic development is conditioned by the pace of industrialization and the latter is the prime condition for the former. It is said that the poor of the world cannot be helped by mass production, only by production by the masses. The system of mass production is based on sophisticated, highly capital intensive, high energy-input dependent and human labour saving technology. In a tribal dominated district like Mayurbhanj, set up of Food and Allied small scale industries is a success in its own.

labour intensive, compound annual growth rate, small enterprise, self development,