Capital subsidy, interest subsidy and duty relief for MSMEs in Odisha
Odisha MSME Development Policy 2022
The state's policy for MSMEs, effective from 30 November 2022 (notification of 28 December 2022, amended on 8 December 2023 in the copy we read). The policy text gives no end date, Invest Odisha lists no later policy or amendment, and the department's order of 11 May 2026 extends the deadline for pending 2023-24 and 2024-25 claims on its CM-SRIM portal. The rates below are from the policy and from the department's table of fiscal incentives. A unit may take the help of the Industrial Policy Resolution or of this policy, whichever suits it, and a unit that already took similar help elsewhere gets only the difference.
Micro, small and medium units in Odisha, new or expanding, with plant and machinery up to ₹50 crore
- Capital investment subsidy of 25 per cent of plant and machinery, up to ₹2 crore, for new and existing units with plant and machinery up to ₹10 crore. Units owned by SC, ST, women, disabled or technically qualified entrepreneurs get 30 per cent, up to ₹2.5 crore
- A further 5 per cent, up to ₹20 lakh, in backward districts, IDCO estates, the Biju Express Highway corridor and focus sectors
- Interest subsidy of 50 per cent of the interest on a bank term loan for five years, up to ₹1 crore in all, for new units investing up to ₹50 crore
- Stamp duty exemption of 100 per cent for plant and machinery up to ₹10 crore, and 75 per cent above that and up to ₹50 crore
- Electricity duty exemption for five years for new units, up to a contract demand of 750 KVA
- Net SGST reimbursement of 75 per cent for three years for new and expanding units, or 100 per cent for five years for new pioneer units, paid in cash
- A micro, small or medium unit working in Odisha
- Plant and machinery within the limit for each benefit (₹10 crore or ₹50 crore)
- An application under the operational guidelines of each incentive, within the time they set
Through your District Industries Centre, which is the nodal office for MSMEs in the state, under the operational guidelines for each incentive on the MSME Department site.