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Odisha MSME dept partners with HDFC bank to boost startups

Updated: Feb 12, 2020 11:06:56am

Odisha MSME dept partners with HDFC bank to boost startups

Bhubaneswar, Feb 12 (KNN) The Micro Small and Medium Enterprises (MSME) Department of Odisha on Wednesday signed a Memorandum of Understanding (MoU) with the HDFC Bank Limited to provide smart banking solutions to Startups in the state.

The MoU was signed in the presence of Chief Minister Naveen Patnaik at Kharavela Bhawan here.

Speaking on the occasion the Chief Minister said, "Young entrepreneurs are engines of growth for new Odisha. I am sure this MoU between Start-up Odisha and HDFC Bank will open up new possibilities for startups.''

The Chief Minister expressed his satisfaction with the progress made under the Odisha Startup Policy.

"My government is working relentlessly to support the young Startups in every possible way. We are going to set up a world-class Startup Hub in Bhubaneswar and launch a fund for Startups this year to further boost the ecosystem," said Patnaik.

Under the MOU, HDFC bank will provide Smart banking solutions to startups recognised by Startup Odisha along with an opportunity to pitch their solutions to requisite stakeholders and will work towards providing them an opportunity to showcase their solutions.

The Bank is having third party alliances to provide discounts for startups across key business support functions like shared workspaces, digital marketing, content writing, tax and legal advisory, financial management, compliance among others.

The Bank will enable startups to list on their Smart Buy platform for growth and visibility.

"Odisha is one of the fastest growing StartUp ecosystem in the country and we invite more such partners to collaborate with us in this journey creating a holistic support system for Startups," said the Dibyashankar Mishra, the MSME Minister.



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