Startup India Policies of Odisha

Benefits of the Scheme for the Startups:

Under the Startup Odisha Scheme by the Odisha government, you can get many monetary benefits. So, here have a look at the advantages:

  • Capital Grant: The capital grant of the capital expense up to a most extreme of Rs.1 crore, which might be given to an affirmed hatchery to set up or scale up brooding office.
  • Those universities who come under the recognition of the Central/State Act can rise subsidizing for the advancement of their startup.
  • The Startup Council may consider giving a coordinating gift subject to the furthest limit of Rs.5 crore on case-to-case premises.
  • Repayment of the utility expense Rs.1 lakh every year for a time of 3 years, which might be given to an affirmed incubator to giving free web, free power, and free tutoring administrations.
  • Execution capital allow of Rs.5 lakhs, which might be given to an endorsed incubator for its every fruitful Startup
  • Month to month remittance of Rs.20, 000 is Women or Transgender or from Social Categories, for example, SC/ST/SEBC/PH.
  • The new idea will get complete equity financing by SEBI registered AIF Category 1 & 2 funds.
  • Sanction letter of funding/grant to the entity/founder/ Co-founder by the Government of India or any State Govt.

Eligibility of Startup Odisha Policies :

The citizens of Odisha can get the ultimate monetary benefit of the startup scheme by the government but, he/she should need to follow all the eligibility criteria. So, here have a look:

  • The incubator should be from the reputed academic institution/Centre of excellence such as IIT, IIM, NISER, IISER, etc.
  • Those who are applying should be approved Incubators.
  • The startup should be placed in the state only.
  • Startup Council may think to provide a matching grant subject to an upper limit of Rs.5 crore.

Click here if you wish to get your Startup recognized under the Startup India Program.

Startup Odisha, Startup India Policies of Odisha