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Startup Odisha Monthly Allowance Scheme – ₹22,000 Non-Repayable Grant — Frequently Asked Questions

FAQ

Answers to the questions founders most often ask about Startup Odisha Monthly Allowance Scheme – ₹22,000 Non-Repayable Grant — who qualifies, the funding amount, required documents and how the application works.

Frequently asked questions

How much funding is offered under this scheme?

The base allowance is ₹20,000 per month, and the enhanced allowance is ₹22,000 per month, for 12 months. This sums to ₹2.4 lakh or ₹2.64 lakh respectively.

What is the deadline to apply?

The scheme is always open; applications are accepted on a rolling basis. You can apply any time.

Who is eligible to apply?

Your startup must be formally recognized under the Startup Odisha Initiative and meet at least one of these conditions: equity funding of ₹5 lakh–₹1 crore from SEBI-registered AIF Category 1 or 2 funds or Angel Networks; a patent filed and published in the entity's name; a sanction letter for a government grant from any state or central government; or a monthly revenue run rate of ₹50,000–₹10 lakh for the last three months.

Is there any industry or sector restriction?

The programme does not specify any industry or sector restrictions. It is open to startups recognised under Startup Odisha that meet one of the eligibility criteria.

Do I need DPIIT or MSME registration?

There is no requirement for DPIIT or MSME registration mentioned. However, Startups Odisha recognition is a must.

Does taking this allowance require giving up equity?

No. This is a non-repayable grant, and Startup Odisha does not take any equity in your startup.

What documents do I need for the application?

Generally, you'll need your Startup Odisha recognition certificate, incorporation documents, and proof corresponding to the eligibility criterion you meet. For the enhanced allowance, you'll also need proof of the founder's demonstrable category and equity holding. Examples include funding agreements, patent certificates, government sanction letters, or bank statements showing revenue.

How do I apply?

You apply online through the Startup Odisha portal. After recognition, log in and navigate to the Monthly Allowance Scheme, fill the application form, and upload the required documents.

Who offers Startup Odisha Monthly Allowance Scheme – ₹22,000 Non-Repayable Grant?

Startup Odisha Monthly Allowance Scheme – ₹22,000 Non-Repayable Grant is offered by Startup Odisha, a government body. It is provided as non-dilutive funding.

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