Around 40 percent of the startups registered in Odisha are led by women entrepreneurs, an official said, highlighting the state government’s efforts.
The number is higher than the ambitious target set by the Naveen Patnaik administration to have at least 33 percent of the startups formed by women as a founder or co-founders.
”We have a monthly allowance of Rs 22,000 for promoting women entrepreneurship,” she said at the seminar on the growth of women entrepreneurs and their contribution to Odisha’s socioeconomic scenario.
A grant of up to Rs 16 lakh is available for supporting the process of product building and taking it to the market.
There is also travel assistance for startups to showcase their products and services at various events, according to the official.
The Odisha government has set up a Rs 100-crore fund to provide large-scale investment to the startups, she said.
”We’re also inviting alternative investment funds and semi-registered investors to invest in Odisha-based startups,” Badhei added.
Women can set up enterprises collectively to sell these products to a larger consumer base. There are a lot of scopes to market the agriculture products also, she added.
More than 40 companies from the packaging and food processing sector participated in the four-day expo. Over 100 SMEs from across Odisha are also taking part in the exhibition, which concluded on Sunday.
The expo aims to showcase new business and networking opportunities to the state MSMEs and support the creation of new markets and business channels for exhibitors.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)