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Odisha government signed a memorandum of understanding with HDFC Bank Ltd.

Bhubaneswar:12/2/20:In a bid to strengthen the startup ecosystem in the state, the Odisha government on Wednesday signed a memorandum of understanding with HDFC Bank Ltd.

According to the agreement, the startup units will be able to showcase their products to stakeholders while the lender will extend incubation and acceleration support to the firms banking with them.

 The MoU was signed between the state Micro Small & Medium Enterprises (MSME) department and the bank in presence of Chief Minister Navin Patnaik, an official said.

On the occasion, Patnaik reaffirmed the state’s government’s commitment to make Odisha one of the top three Startup Hubs in the country.

“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 lender has third party alliances to provide discounts for startups across key business support functions such as shared work spaces, digital marketing, content writing, tax and legal advisory, financial management, compliance among others,  Patnaik said.


HDFC will also allow startups to list on its Smart Buy platform and will help Startup Odisha Initiative to organize Startup Yatras, Hackathons, acceleration programmes and startup conclaves. As per the MoU, life skills will be provided to students of all 49 Govt ITIs.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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