Odisha MSME SME Exchange Grant
By MSME Department, Government of Odisha
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Quick Answer
A one-time grant by the Government of Odisha for new enterprises, covering up to 20% of expenditure incurred for raising capital through SME Exchange, with a maximum of ₹10 lakh.
- Funding amount
- Up to ₹10L
- Funding type
- Grant
- Application deadline
- Rolling
- Location
- Odisha
- Registrations needed
- Udyam registration
About this grant
The "Assistance for Capital Raising through SME Exchange" is an important incentive under the Odisha MSME Development Policy 2022, designed to encourage and support new enterprises in the state. This program aims to facilitate growth for MSMEs by offsetting a portion of the significant costs associated with public listing and equity fundraising on SME exchanges. By providing financial assistance for capital raising expenditures, the Government of Odisha seeks to promote a robust ecosystem where local businesses can access broader capital markets for expansion, innovation, and job creation. This initiative is particularly beneficial for eligible new enterprises looking to scale up and formalize their fundraising efforts, providing them with a crucial financial impetus in their growth journey. It reflects the state's commitment to fostering a dynamic and supportive environment for micro, small, and medium enterprises.
Eligibility
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Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Grant providers
The Micro, Small and Medium Enterprises Department, Government of Odisha, is the state department created to facilitate, promote and improve the competitiveness of micro, small and medium enterprises in Odisha. It sits in Kharavel Bhawan, Bhubaneswar, and administers the state's…
Learn moreBenefits & Funding
- Amount
- Up to ₹10L
- Fund type
- Grant
- Equity
- Equity-free
- Repayment
- Non-repayable
What You Get
This program offers a one-time grant of up to ₹10 lakh, covering 20% of the expenditure incurred by new enterprises for raising capital through a recognized SME Exchange. The financial support is provided after the successful raising of equity, serving as a reimbursement for a significant portion of the costs associated with the listing process. This incentive aims to reduce the financial burden on growing MSMEs, making it more feasible for them to access public markets for funding their expansion and operational needs. It empowers enterprises to invest in their growth without the full upfront financial strain of market listing.
- Disbursement
- Reimbursement
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
Applications for this grant will be processed and reviewed by the designated authority under the Government of Odisha's MSME Department. The evaluation will focus on verifying the eligibility of the "New Enterprise" based on its Plant & Machinery investment, MSME status, and the legitimacy of the expenditure incurred for raising capital through an SME Exchange. A key part of the selection process is the verification of the successful equity raise. Applications will be thoroughly scrutinized to ensure compliance with all terms and conditions outlined in the Odisha MSME Development Policy 2022 before final approval and disbursement of the grant.
Application Process
- 1
Review Eligibility
Applicant ensures their enterprise meets the criteria under the Odisha MSME Development Policy 2022.
You - 2
- 3
- 4
- 5
How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 3
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 4
Submit on the official portal
Use the official application link and verify all details before final submission.
- 5
Follow up
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.
Frequently Asked Questions
What is the maximum grant amount available under this scheme?
Eligible new enterprises can receive a maximum one-time grant of ₹10 lakh to cover expenses related to capital raising through an SME Exchange.
What percentage of the expenditure is covered by the grant?
The grant will cover 20% of the actual expenditure incurred by the enterprise for raising capital through an approved SME Exchange.
Which types of enterprises are eligible for this grant?
The grant is open to "New Enterprises" with an investment in Plant & Machinery ranging from above ₹1 crore up to ₹50 crores. These enterprises must be registered in Odisha and fall under the MSME classification.
When will the grant be disbursed to the enterprise?
The one-time grant will be disbursed only after the enterprise has successfully raised equity through the SME Exchange, as per the scheme approved by the exchange.
Is this grant for startups or existing businesses?
This grant is specifically targeted at "New Enterprises" that are looking to raise capital through an SME Exchange, indicating a focus on businesses that are past the initial startup phase and are ready for significant growth and public funding.
What is considered as expenditure for capital raising?
Expenditure for capital raising typically includes costs such as legal fees, merchant banker fees, listing fees, audit fees, registrar fees, and other related charges incurred during the process of listing and raising equity on an SME Exchange.
Sources
Data on this page is compiled from official program and provider references.
