By MSME Department, Government of Odisha Subsidy providers Application Process 1 Apply Online/Offline Submit the application form and required documents to the designated MSME department. You Apply Online/Offline Submit the application form and required documents to the designated MSME department. 2 Application Scrutiny The MSME department reviews submitted documents for eligibility and completeness. Application Scrutiny The MSME department reviews submitted documents for eligibility and completeness. 3 Verification & Approval Authorities verify details including investment in P&M and loan documents, potentially with site visits, before approving the subsidy. Verification & Approval Authorities verify details including investment in P&M and loan documents, potentially with site visits, before approving the subsidy. 4 Subsidy Disbursement Approved interest subsidy amounts are reimbursed to the eligible enterprise periodically as per policy guidelines. Subsidy Disbursement Approved interest subsidy amounts are reimbursed to the eligible enterprise periodically as per policy guidelines. Four steps from draft to disbursement — one action each. 1 Submit on the official portal Use the official application link and verify all details before final submission. Apply on Official Site Submit on the official portal Use the official application link and verify all details before final submission. 2 Follow up Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline. Program contact Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline. Program templates & documents Files the program publishes for applicants — download these and apply in the prescribed format. Odisha MSME Development Policy 2022 (PDF) Guidelines · Official policy document detailing the interest subsidy scheme and other incentives for MSMEs in Odisha. PDF Odisha MSME Development Policy 2022 (PDF) Guidelines · Official policy document detailing the interest subsidy scheme and other incentives for MSMEs in Odisha. Data on this page is compiled from official program and provider references. MSME Department, Government of Odisha Provider State Boosts MSME Sector tathya.in · 2 months ago Source: Google News aggregated Check your eligibility Sign up and we'll tell you whether your startup qualifies for this grant. Check your eligibility Sign up and we'll tell you whether your startup qualifies for this grant. Frequently Asked Questions New enterprises in Odisha that have invested up to ₹50 crore in plant and machinery and have availed term loans from public financial institutions/banks are eligible. The total maximum limit for the interest reimbursement under this scheme is ₹1 crore. The subsidy is provided for a period of 5 years from the date of commencement of production. Term loans availed from public financial institutions and banks are eligible for the interest subsidy. Yes, as this is part of the Odisha MSME Development Policy, MSME Udyam registration is required for eligibility. The official policy document, "Odisha MSME Development Policy 2022", is available on the Odisha MSME department's website. This scheme from the Government of Odisha provides new enterprises with a 50% interest subsidy on term loans up to a maximum of ₹1 crore over a period of 5 years. About this subsidy The Odisha MSME Interest Subsidy Scheme, outlined in Section 7.4 of the Odisha MSME Development Policy 2022, aims to foster industrial growth and incentivize new enterprises in the state. This scheme provides crucial financial relief to nascent businesses by subsidizing a significant portion of their interest burden on term loans. By reducing the cost of capital, the policy encourages entrepreneurs to establish and expand manufacturing and service units, thereby generating employment and contributing to the state's economic development. This initiative is a strategic move by the Government of Odisha to create a supportive ecosystem for Micro, Small, and Medium Enterprises, aligning with its vision for sustainable industrialization and entrepreneurship promotion. It specifically targets enterprises making substantial investments in plant and machinery, ensuring that the benefits reach businesses poised for significant economic impact. See if you're eligible Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view. Timelines & Process Selection Process Applications for the Interest Subsidy Scheme are meticulously reviewed by a committee appointed by the Department of MSME, Government of Odisha. The evaluation process involves verifying the eligibility criteria, including the enterprise's new status, investment in plant and machinery, and the authenticity of the term loan and interest payments. Authorities will scrutinize submitted documents and may conduct site visits or request additional clarifications to ensure compliance with the policy guidelines. Approval is granted based on adherence to all stipulated conditions and availability of funds under the scheme, ensuring transparency and fairness in disbursement. Benefits & Funding The scheme offers a significant financial incentive by reimbursing 50% of the interest paid on term loans availed from public financial institutions or banks. This subsidy is applicable for a period of 5 years from the date of commencement of production, providing long-term support to new businesses. The total benefit under this scheme is capped at a maximum of ₹1 crore . This direct interest subsidy helps reduce operational costs, making it easier for new enterprises to manage debt and invest further in growth. It serves as a crucial capital incentive, enabling businesses to achieve profitability faster and sustain their operations, thereby strengthening the industrial base of Odisha. DeepTech Grants in India 2026 Tuesday, 22 September · 10:30 am IST Can Your Startup Win Grants? Thursday, 24 September · 10:30 am IST Introduction to Grants, Subsidies and Incentives Wednesday, 30 September · 10:30 am IST Grants closing soon PIEDS Womenpreneur for Bharat 4.0 PIEDS (BITS Pilani) × Aditya Birla Capital Foundation flagship for women-led startups from Tier 2/3 cities — up to ₹15 lakh funding, deadline 16 Sep 2026. Funding amount breakdown, perks, credits and mentorship on offer. AIC-SKU Prototype Support Grant 2026 Financial support up to ₹3 lakhs for early-stage AIC-SKU incubated startups to develop working prototypes from validated ideas. Funding amount breakdown, perks, credits and mentorship on offer. TANUH - C-CAMP Innovations Program: AI in NCDs Grants of up to ₹50 lakh from C-CAMP and TANUH (IISc) for Indian startups building AI solutions for non-communicable diseases, from idea to deployment. Funding amount breakdown, perks, credits and mentorship on offer. iDEX Open Challenge The iDEX Open Challenge invites Indian startups, innovators, and MSMEs to propose cutting-edge technologies and products for the defence and aerospace sectors, offering grants up to ₹1.5 crore and direct engagement with the military. Funding amount breakdown, perks, credits and mentorship on offer. Patent Assistance Reimbursement of patent filing costs up to ₹5 lakh for DPIIT-recognized MP startups. Funding amount breakdown, perks, credits and mentorship on offer. Madhya Pradesh Startup Policy 2022: Investment-Linked Assistance Government top-up for SEBI/RBI-recognized investments, up to ₹15 Lakh per instance, with women-led bonus. Funding amount breakdown, perks, credits and mentorship on offer. Madhya Pradesh Startup Policy 2022: Margin Money & Interest Subsidy Scheme Provides margin money and interest subsidy for DPIIT-recognized startups in Madhya Pradesh. Funding amount breakdown, perks, credits and mentorship on offer. Punjab Startup Policy: Interest Subsidy Scheme Annual interest subsidy for DPIIT-recognized Punjab startups on scheduled bank loans, up to ₹5 Lakh/year. Funding amount breakdown, perks, credits and mentorship on offer. Seed Fund Scheme - Kerala Startup Mission Seed funding (loan) for early-stage Kerala startups working on innovative tech products. Funding amount breakdown, perks, credits and mentorship on offer. Bihar Startup Policy 2022 Seed Grant for Validation-Stage Startups Interest-free seed loan for Bihar-registered validation-stage startups, with bonus for women/SC/ST/differently-abled. Funding amount breakdown, perks, credits and mentorship on offer. Scaleup Seed Fund Funding for Kerala-registered revenue-stage tech startups with collateral-free debt. Funding amount breakdown, perks, credits and mentorship on offer. Soft Loan Scheme for Women Entrepreneurs Soft loan for women entrepreneurs in Kerala with government/PSU project orders. Funding amount breakdown, perks, credits and mentorship on offer. Competitions closing soon MIDC Innovation Grand Challenge 2026 The MIDC Innovation Grand Challenge 2026 invites students, startups and innovators to put forward ready-to-implement solutions for pressing sustainability and infrastructure challenges in MIDC's industrial estates. Funding amount breakdown, perks, credits and mentorship on offer. A 36-hour national-level hackathon in New Delhi for college students — ₹37,000+ prize pool, mentorship, and networking. Funding amount breakdown, perks, credits and mentorship on offer. RevenueCat Shipaton 2026 A global online hackathon by RevenueCat with a ₹3.95 crore prize pool — open to developers building mobile apps and games. Funding amount breakdown, perks, credits and mentorship on offer. Young Inventors Prize 2027 The Young Inventors Prize by EPO recognizes young innovators worldwide developing technology-driven solutions for global sustainability challenges, offering cash prizes up to €20,000 and global visibility. Funding amount breakdown, perks, credits and mentorship on offer. Equity closing soon

First Bite 2026 by Better Bite Ventures Better Bite Ventures and Yoga Bar's co-founder are investing up to ₹2.5 crore in one pre-launch or newly launched Indian food brand. Funding amount breakdown, perks, credits and mentorship on offer. GENESIS Investment 2.0 MeitY Startup Hub invites tech startups from Tier II and Tier III cities for a 1:1 matching equity investment up to ₹50 lakh to fuel growth and scale impact. Funding amount breakdown, perks, credits and mentorship on offer. Assam Startup Funding Support 2026 The Assam Innovation & Startup Foundation (AISF) invites innovative startups at Idea and Prototype/MVP stages to apply for funding support up to ₹40 Lakh, with potential equity for advanced stages. Funding amount breakdown, perks, credits and mentorship on offer. The Foundery Venture Builder Cohort 02 An intensive 90-day residential venture builder program that forges entrepreneurs into co-founders and builds consumer businesses with up to ₹4 crores in capital. Funding amount breakdown, perks, credits and mentorship on offer. Unnati Se Pragati — Startup Acceleration (UNNATI AI 2.0) Microsoft × FITT IIT Delhi zero-equity grant up to ₹30 lakh for AI startups ready to scale a local pilot nationally — IIT Delhi & Microsoft ecosystem, market validation and Demo Days. Funding amount breakdown, perks, credits and mentorship on offer. AI for Transformative Social Impact Grant The AI for Transformative Social Impact Grant from Rao Family Trust (RAFT) offers up to INR 50 lakhs to organizations developing AI-native solutions for major social challenges in India. Funding amount breakdown, perks, credits and mentorship on offer. SwasthyaTech Synapse 2026 IHFC (IIT Delhi) invites MedTech startups with working prototypes to apply for funding up to ₹5 Crore and accelerate deep-tech innovation in healthcare. Funding amount breakdown, perks, credits and mentorship on offer. Honda Innovation Challenge 2.0 Co-development program offering up to ₹40 lakh in grants for MVP-ready startups to build digital mobility solutions with Honda. Funding amount breakdown, perks, credits and mentorship on offer. Kotak BizLabs Season 3 Accelerator A 6-8 month accelerator program by Kotak Mahindra Bank offering up to ₹30 lakh in equity-free grant funding and mentorship for revenue-generating startups. Funding amount breakdown, perks, credits and mentorship on offer. Electropreneur Park OCP 3.0 Delhi An Open Challenge Program by Electropreneur Park (EP) to identify, nurture, and fund early-stage tech entrepreneurs and innovators in the ESDM sector with seed funding, mentoring, and incubation support. Funding amount breakdown, perks, credits and mentorship on offer. Patent Reimbursement Incentives: Karnataka Startup Policy Reimbursement for patent filing and prosecution fees for KBITS-registered, incubated startups. Funding amount breakdown, perks, credits and mentorship on offer. Marketing Incentives: Karnataka Startup Policy (International Marketing Reimbursement) Reimbursement for international marketing expenses (up to Rs 5L) for Karnataka startups; preference for women founders. Funding amount breakdown, perks, credits and mentorship on offer. Reimbursement of VAT/CST/GST on Goods Supplied to Incubatees: Karnataka Startup Policy Reimbursement of VAT/CST/GST for physically incubated Karnataka startups with turnover up to 50 Lakhs. Funding amount breakdown, perks, credits and mentorship on offer. Haryana Startup Policy 2022 Lease Rental Subsidy for Startups Lease rental reimbursement for DPIIT-recognized startups in Haryana, enhanced for women-led. Funding amount breakdown, perks, credits and mentorship on offer. Haryana Startup Policy 2022 Patent Cost Reimbursement Scheme 100% reimbursement of patent filing costs for DPIIT-recognized Haryana startups. Funding amount breakdown, perks, credits and mentorship on offer. Punjab Startup Policy Lease Rental Subsidy Lease rental reimbursement for DPIIT-recognized startups operating in Punjab. Funding amount breakdown, perks, credits and mentorship on offer. Credit Guarantee Scheme for Startups (CGSS) Credit guarantee cover up to Rs 20 crore that lets banks, NBFCs and AIFs lend to DPIIT-recognised startups without collateral. You receive a loan and repay it. CGSS is not a grant. Funding amount breakdown, perks, credits and mentorship on offer. CGTMSE — Credit Guarantee Fund Trust for Micro & Small Enterprises Collateral-free credit guarantee up to ₹2 crore for micro & small enterprises Funding amount breakdown, perks, credits and mentorship on offer. PM MUDRA Yojana — Micro Units Development & Refinance Agency Collateral-free loans up to ₹20 lakh for micro and small non-farm businesses Funding amount breakdown, perks, credits and mentorship on offer. SIDBI SMILE — Make in India Soft Loan Fund for MSMEs Below-market soft loans from ₹10 lakh for MSMEs in manufacturing and services Funding amount breakdown, perks, credits and mentorship on offer. CGSSD — Credit Guarantee Scheme for Subordinate Debt Subordinate debt with 90% CGTMSE guarantee for stressed/NPA-classified MSMEs Funding amount breakdown, perks, credits and mentorship on offer. DIDF — Dairy Processing & Infrastructure Development Fund Below-market NABARD loans for dairy cooperatives and producer companies for processing infrastructure Funding amount breakdown, perks, credits and mentorship on offer. OneAquaHealth IEEE Global Hackathon A global online hackathon focused on water health and sustainability, with a ₹2.79 lakh prize pool. Funding amount breakdown, perks, credits and mentorship on offer. GatewayHacks 2026 | Software & AI A global online hackathon for software and AI builders, with a $11,685 prize pool and a beginner-friendly, social-good focus. Funding amount breakdown, perks, credits and mentorship on offer. A fully-online Finance × Trading hackathon by TechZap — ₹75,000 prize pool, Azure credits, and direct hiring rounds for top teams. Funding amount breakdown, perks, credits and mentorship on offer. AWS × IDFC × Campus Fund Grand Challenge 2026 7th edition of India’s biggest student-startup competition (AWS × IDFC × Campus Fund) — get noticed, meet investors, and pitch at the Mumbai Grand Finale. Funding amount breakdown, perks, credits and mentorship on offer. A 36-hour tech sprint at Manipal University Jaipur with 10 tracks and over ₹5 Lakhs in prizes. Funding amount breakdown, perks, credits and mentorship on offer. IEEEXtreme 20.0 Global Programming Competition 2026 A 24-hour global online programming competition by IEEE where student teams solve coding challenges for a USD 10,000 prize pool. Funding amount breakdown, perks, credits and mentorship on offer. Startup Software Credits Notion SaaS Credits — up to ₹5L Rs. 5 Lakhs+ in Notion workspace credits — databases, wikis, project management, and team docs — for new users with a work email. Replit Developer Credits — up to 50% off Replit Core for 1 year. Official price ₹20,736 — SGI price ₹10,368. Leave your name and number and we call within one working day to complete payment. Reclaim.ai SaaS Credits — up to 10% off 10% off Reclaim.ai Starter and Business plans for 12 months — AI scheduling assistant that auto-blocks focus time and defends your calendar. Warp Developer Credits — up to 50% off Warp Build for 1 year. Official price ₹20,736 — SGI price ₹10,368. Leave your name and number and we call within one working day to complete payment. Higgsfield AI Credits — up to 54% off Higgsfield Plus (1,200 credits per month) for 1 year. Official price ₹54,144 — SGI price ₹25,000. Leave your details and we call within one working day to complete payment. Semrush SaaS Credits 7-day free trial of Semrush Pro or Guru — full SEO, keyword research, competitive audit, and rank tracking across India and global SERPs. Bolt AI Credits — up to 50% off Bolt Pro for 1 year. Official price ₹28,800 — SGI price ₹14,400. Leave your name and number and we call within one working day to complete payment. Manus AI Credits — up to 50% off Manus Pro for 1 year. Official price ₹19,584 — SGI price ₹9,792. Leave your name and number and we call within one working day to complete payment. Hostinger Cloud Credits — up to 50% off Hostinger Unlimited for 1 year. Official price ₹20,905 — SGI price ₹10,452.50. Leave your name and number and we call within one working day to complete payment. Microsoft Cloud Credits — up to ₹1.4Cr Up to $150K in Azure credits plus GitHub Enterprise, Copilot, and Microsoft 365 — unlocked progressively as your startup grows. Huawei Cloud Credits — up to ₹1.4Cr Up to $150K in Huawei Cloud credits plus co-sell slots, coaching, and dedicated migration support. Open to companies under 5 years old. Google Cloud Credits — up to ₹3.3Cr Up to $350K in Google Cloud credits over 2 years for AI-first startups (Vertex AI/Gemini). Includes Workspace, Maps, and a startup success manager.