130 new ventures come under Start-up Odisha initiative

Bhubaneswar, Nov 2: In all 130 start-up ventures have been brought under the Odisha Start-up Initiative. The information was shared at the second Start-up Council meeting presided over by chief secretary Aditya Prasad Padhi on Wednesday.

Start-up Odisha, an initiative of the State Government, has so far recognised 130 start-up ventures in 34 sectors. 'So far, 18 innovative entrepreneurs are getting financial assistance from the council. With the fresh approval, the number increased to 20,' said Additional Chief Secretary (MSME) Laxmi Narayan Gupta after the meeting.

He further said four incubation centres operating in the State have been brought into the fold of the council.

Various activities for coming six months with estimated expenditure of Rs 15 crore was discussed and approved at the meeting.

Odisha govt to set up Information Technology Investment Region

Bhubaneswar: Odisha Chief Minister Naveen Patnaik on Thursday said the government has proposed to set up an Electronics System Design and Manufacturin...

India growth story credible; GDP to grow at 7.3% in FY19: World Bank

New Delhi: The World Bank on Wednesday said that Indian economy is "credible" and expected to grow at 7.3 percent in FY 2018-19 and 7.5 percent in FY ...

PNB scam fallout: RBI bars banks from issuing LoUs, LoCs

Mumbai: RBI has barred banks from issuing guarantees in the form of letters of undertaking (LoU) as it clamped down on the import financing route used...

SBI reduces charges on non-maintenance of minimum balance

Mumbai: The State Bank of India today reduced its charges on non-maintenance of an average monthly balance (AMB) in savings account by up to 75 per ce...