Balasoreବାଲେଶ୍ଵର
23.2 lakh people. Larger than Bahrain, Estonia, or Mauritius. Governed as one cell of one state.
- Population
- 23,20,529 (23.2 lakh)
- Area
- 3,634 km²
- Headquarters
- Balasore
₹9,189 cr
of bankable business potential identified by the government in Balasore.
Source: NABARD PLP 2023-24
Opportunities
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NABARD's plan for Balasore · PLP 2023-24
₹9,189 crof bankable credit potential identified by the government
MSME
₹3,460 cr
Crop production, maintenance & marketing
₹2,382 cr
Term loans for agriculture & allied activities
₹1,125 cr
Export credit
₹1,071 cr
Balasore's NABARD credit plan for 2023-24 sizes total priority-sector lending at about ₹9,189 crore. The two engines are almost equal: agriculture and allied activities at roughly ₹3,623 crore (about 39%) and MSME at ₹3,460 crore (about 38%), with export credit (₹1,071 crore) and a large "others" bucket (₹769 crore) making up much of the rest.
On the farm side, crop loans alone are ₹2,382 crore, reflecting a paddy-heavy economy (nearly 1.98 lakh ha of Kharif paddy). The biggest investment opportunities are in plantation & horticulture (₹286 crore), fisheries (₹225 crore), farm mechanisation (₹197 crore) and dairy (₹189 crore). NABARD has picked four blocks — Jaleswar, Remuna, Baliapal and Bhograi — for horticulture area schemes and is pushing fresh-water fish, leasing out Gram Panchayat tanks for pisciculture.
Off-farm, Balasore is an established industrial and "Plastic Hub" district: a Plastic & Polymer Cluster at Bampada (₹82 crore), a 60-unit Rice Mill Cluster, 8 industrial estates, a CONCOR dry port, and ~8,000 micro and small units. Agro-processing and cold storage for vegetables are flagged as strong openings.
The plan's own warnings: a weak 57% credit-deposit ratio, unreliable rain-fed irrigation with stalled minor-irrigation projects, a serious shortage of technical field staff, gaps in warehousing and cold-chain, and poor roads, drainage and power in the industrial estates.
What the plan promotes
- Paddy (Dhan) is the dominant crop with ~1.98 lakh ha under Kharif paddy out of 2.19 lakh ha net cultivated; district is known for Dhan, Pan (Betel) and Meen (Fish)
- Fisheries a major thrust: 225.13 Cr term-credit potential, with a dedicated NABARD area-development scheme for fresh-water fishery; all Gram Panchayat tanks to be leased for 5 years for pisciculture and polyculture of fish and prawn
- Plantation & Horticulture 286.22 Cr, with protected cultivation identified as the best intervention; four Area Based Scheme blocks under MIDH selected: Jaleswar, Remuna, Baliapal and Bhograi
- Dairy 188.95 Cr and Poultry 103.52 Cr; agro-climate suits poultry farming, with Banraj birds to be financed under NRLM integrated with dairy and goatery schemes
- MSME cluster economy: Balasore is a Plastic Hub with a Plastic & Polymer Cluster at Bampada (Rs 82 cr), a 60-unit Rice Mill Cluster, 8 Industrial Estates, a CONCOR Dry Port at Bampada, and location on NH-5/NH-60 with ~80 km coastline
- FPO promotion a key thrust: 7 FPOs promoted under CSS (2 by NABARD in Baliapal & Bhograi blocks); 7 more FPOs and 8 ACABC units projected for 2023-24
Gaps the plan names
- Huge shortage of technical staff at ground level in Agriculture, Animal Resources, Soil Conservation, Horticulture and Fisheries departments, limiting extension and support services
- Low irrigation coverage and erratic rainfall dependence; many minor-irrigation projects sanctioned/constructed earlier remain incomplete, and pump-set energisation and rural electrification are still needed
- Storage and cold-chain shortfall: need for Accredited Warehouses, PACS godowns, grading & packing houses, cold storages, cool vans, bulk milk coolers, milk processing units and fish aqua-shops
- Industrial Estates lack good roads, drainage and steady power supply; estates and transformers need regular maintenance and upgradation; handloom weavers cooperative societies face managerial deficiency
- Non-availability of accurate granular sector/sub-sector credit-flow data hampers realistic potential estimation
See the plan's recommendations
What the plan promotes
- Paddy (Dhan) is the dominant crop with ~1.98 lakh ha under Kharif paddy out of 2.19 lakh ha net cultivated; district is known for Dhan, Pan (Betel) and Meen (Fish)
- Fisheries a major thrust: 225.13 Cr term-credit potential, with a dedicated NABARD area-development scheme for fresh-water fishery; all Gram Panchayat tanks to be leased for 5 years for pisciculture and polyculture of fish and prawn
- Plantation & Horticulture 286.22 Cr, with protected cultivation identified as the best intervention; four Area Based Scheme blocks under MIDH selected: Jaleswar, Remuna, Baliapal and Bhograi
- Dairy 188.95 Cr and Poultry 103.52 Cr; agro-climate suits poultry farming, with Banraj birds to be financed under NRLM integrated with dairy and goatery schemes
- MSME cluster economy: Balasore is a Plastic Hub with a Plastic & Polymer Cluster at Bampada (Rs 82 cr), a 60-unit Rice Mill Cluster, 8 Industrial Estates, a CONCOR Dry Port at Bampada, and location on NH-5/NH-60 with ~80 km coastline
- FPO promotion a key thrust: 7 FPOs promoted under CSS (2 by NABARD in Baliapal & Bhograi blocks); 7 more FPOs and 8 ACABC units projected for 2023-24
Gaps the plan names
- Huge shortage of technical staff at ground level in Agriculture, Animal Resources, Soil Conservation, Horticulture and Fisheries departments, limiting extension and support services
- Low irrigation coverage and erratic rainfall dependence; many minor-irrigation projects sanctioned/constructed earlier remain incomplete, and pump-set energisation and rural electrification are still needed
- Storage and cold-chain shortfall: need for Accredited Warehouses, PACS godowns, grading & packing houses, cold storages, cool vans, bulk milk coolers, milk processing units and fish aqua-shops
- Industrial Estates lack good roads, drainage and steady power supply; estates and transformers need regular maintenance and upgradation; handloom weavers cooperative societies face managerial deficiency
- Non-availability of accurate granular sector/sub-sector credit-flow data hampers realistic potential estimation
Value-chain gaps
Money this district loses today
Raw output sold cheap, value added elsewhere — each gap below is an opening for a local business.
Resources
What this district has
Tap a category to see the facts and figures underneath. Numbers marked unverified are AI-extracted and need a sourcing pass.
About Balasore
Balasore district, also known as Baleswar district, is an administrative district of Odisha state, in eastern India. Balasore is one of the coastal districts of Odisha and lies on the northernmost part of the state.
Source: Wikipedia — Balasore district
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