News Brief | November 2015
Odisha to offer 25percentage subsidy to new MSEs
The Odisha state government has prepared a host of incentives to enable the new draft Odisha MSME Development Policy-2015, for sustainable development of the MSME sector.
The new industrial MSME units, will enjoy capital investment subsidy of 25 per cent on the fixed capital investment with upper limit of benefit fixed at Rs.1 crore. Similarly, scheduled caste, scheduled tribe, women and technical degree and diploma holding entrepreneurs and units coming up in the backward region will be entitled subsidy of 12 per cent on fixed capital investment with an upper limit of Rs.10 lakhs.
It may be noted that the draft policy, after finalisation, will replace the Odisha MSME Development Policy-2009, which is now in force.