Updated on June 09, 2025 06:06:30 PM
The Startup Subsidy in Odisha aims to promote innovation, encourage entrepreneurship, boost economic development and create job opportunities for the residents in the region. The Startup India initiative was set in place by the government of India to support startups through financial assistance and incentives to create a conducive atmosphere for growth of business. The Startup Subsidy in Odisha is crucial to aid the local entrepreneurs and promote new and independent startups to establish to boost the economic growth of the state. In this article, you will learn about the Startup Subsidy in Odisha along with their maximum subsidy rate and maximum subsidy amount and know the eligible schemes for your startup and apply for them through Professional Utilities.
The Startup India initiative was established by the Government of India to provide Startup Subsidy in Odisha schemes for development of individual states and union territories throughout the nation through innovative ideas and startups. The Startup Subsidy in Odisha is a part of Startup India to encourage entrepreneurship and create job opportunities for the residents of the region.
The Startup Subsidy in Odisha ensures smooth establishment of new startups in the region to promote innovation, encourage entrepreneurship and create jobs. The Startup Subsidy in Odisha is designed to improve the entrepreneurial ecosystem, preserve cultural values and promote sustainable development of the state.
Some of the benefits of Startup Subsidy in Odisha that the startups can redeem are listed below.
The Startup Subsidy in Odisha provides maximum subsidy rates and amount to entrepreneurs to ensure prevention of exploitation or unfairness of the intermediary. The Startup Subsidy in Odisha is categorized under 2 programs which are listed below:
Reimbursement of Utility Expense for Incubator
| Subsidy Rate | Subsidy Amount | Limitations |
|---|---|---|
| One-time payment of utility expenses | Up to Rs 1 lakh per year | For a maximum period of 3 years |
Product Development and Marketing Assistance
| Maximum Subsidy Rate | Maximum Subsidy Amount | Limitations |
|---|---|---|
| 50% of the assistance is provided in advance, and the remaining 50% is released upon submission of utilization certificates and bills | Up to Rs 15 lakh | Startups must have received at least Rs 25 lakh in equity funding from SEBI registered AIF Category, or Rs 5 lakh in government funding, or have a revenue run rate of Rs 10 lakh per month over the previous six months |
Listed below are some of the additional information on Startup Subsidy in Odisha that are offered to businesses in the region.
Conclusion
The Startup Subsidy in Odisha is a scheme that aims to promote innovation, encourage entrepreneurship and boost economic growth in the state. The Startup Subsidy in Odisha, under the Startup India initiative, offers financial assistance and incentives to entrepreneurs to aid in infrastructural development to create a conducive environment for startups, particularly in technology, agriculture and manufacturing sectors. The Startup Subsidy in Odisha has programs like Reimbursement of Utility Expense for Incubator and Product Development and Marketing Assistance for startups in the state to gain a position as a leading hub for entrepreneurship in India.
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
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Frequently Asked Questions
The Startup Subsidy in Odisha is important to promote entrepreneurship, encourage innovation and provide job opportunities to residents and boost the economic growth aiding in establishment of startups to enhance the infrastructure of the relevant sectors.
The benefits of Startup Subsidy in Odisha include financial assistance for initial costs like research and development, product development, and operations and encourages innovation, boosts infrastructure development and generates job opportunities in the state.
The Startup Subsidy in Odisha include 2 programs which are:
The Startup Subsidy in Odisha is a part of Startup India initiative by the Government of India and it aims to promote innovation, encourage entrepreneurship and generate jobs for the domiciles of the state.
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