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HDFC Bank to provide smart banking solutions to boost startups in Odisha

Wednesday,12 Feb 2020

Bhubaneswar: HDFC Bank and Odisha government MSME Department duely signed a MoU upon smart banking solutions to Startups in presence of Chief Minister Naveen Patnaik on Wednesday.

"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," said the Chief Minister.

HDFC bank provides smart banking solutions to Govt recognised Startups along with offering opportunity to pitch solutions to requisite stakeholders. They also will work towards providing the startups an opportunity to showcase their Software solutions and services. The bank will extend incubation and acceleration assistance to all Startups to bank with HDFC said an official.

"My government is working relentlessly to support the young Startups in every possible way. We are going to set up a world-class Startup Hub in Bhubaneswar and launch a fund for Startups this year to further boost the ecosystem," said Patnaik.

HDFC Bank is having third party alliances to provide discounts for startups across key business support functions like shared work spaces, digital marketing, content writing, tax and legal advisory, financial management, compliance among others.

Also, it will enable startups to list on their Smart Buy platform for growth and visibility, the official said.

Dibyashankar Mishra, the MSME Minister said: "Odisha is one of the fastest growing StartUp ecosystems in the country and we invite more such partners to collaborate with us in this journey creating a holistic support system for Startups."

The Chief Minister expressed his satisfaction with the progress made under the Odisha Startup Policy.

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