Odisha Cabinet Approves New Start Up Policy for State

Bhubaneswar: The Odisha cabinet chaired by Chief Minister Naveen Patnaik here at the State Secretariat has cleared six new proposals. The most important being approval of the GST Bill passed by the parliament and the state government has decided to convene a special session of the State Assembly on September 1 to discuss and ratify the Bill.

The Chief Secretary briefing the media persons after the meeting informed that the cabinet okayed the proposal to set up 1000 start-ups in five years. As per the start up guidelines the State Government is said to constitute Rs 25 Crore start-up fund in order to provide financial assistance to young entrepreneurs.

The cabinet approved to draw plans to put a road map in place for Odisha to bring the state among top three investment destinations in India by 2020.

Apart from that the cabinet approved a proposal for formation of a Higher Education Council and the Higher Education minister will be the chairperson.

Another important decision was regarding the postponement of the start of monsoon session of the State Assembly from September 7 to September 21 keeping in view of the upcoming Nuakhai festival celebrated in Western Odisha.

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