Updated on December 19, 2024 03:50:39 PM
The MSME Subsidy in Haryana offers several subsidies and incentives for growth of Micro, Small, and Medium Enterprises under the MSME Policy 2022. MSMEs have a prominent role in generation of jobs, development of economy and industrialization of the state. The MSME Subsidy in Haryana supports entrepreneurs through financial assistance, incentives and loans for improvement of technology, skill development and infrastructural development.
The MSME subsidy in Haryana promotes the state as a conducive state for growth of MSMEs across various sectors. The MSME subsidy in Haryana provides incentives to encourage innovation, promote competitiveness and enhance overall productivity within the Micro, Small, and Medium Enterprises ecosystem.
The MSME Subsidy in Haryana promotes entrepreneurship and industrialization and helps to relieve the financial burden of businesses and fosters employment in the state. In terms of returns, the MSME Subsidy in Haryana enables micro, small and medium enterprises to leverage them to access capital and advanced technology for productivity improvement, market extension, product quality and competitiveness. MSME Subsidy in Haryana also facilitates the regional development of industries, especially in regions that have not yet developed significantly, and it also supports exports through development of facilities. Additional advantages of MSME Subsidy in Haryana include tax incentives and interests make the financial situation more favorable, and thus, MSMEs serve as outstanding players in the economic growth of Haryana.
The MSME Subsidy in Haryana provides several benefits to the Micro, Small, and Medium Enterprises to support economic growth and development of the state. Some of the benefits of MSME Subsidy in Haryana are listed below:
The MSME Subsidy in Haryana provides financial assistance and incentives to Micro, Small, and Medium Enterprises under 6 categories which are listed below:
Flatted Factory Complexes
| Parameter | Details |
|---|---|
| Grant in Aid | 50% of project cost up to a maximum of Rs. 5 Crore for developing flatted factories on a minimum of 5 acres of land |
Cluster Plug and Play
| Parameter | Details |
|---|---|
| Component of the Scheme | Grant in aid |
| Proposed Contribution | 50% of project cost up to a maximum of Rs. 5 Crore for developing flatted factories on a minimum of 5 acres of land |
State Mini Revamped Scheme Fund for Regeneration of Traditional Industries (SFURTI) Scheme
| Parameter | Details |
|---|---|
| Component of the Scheme | Grant in aid |
| Proposed Contribution for Heritage Clusters | 90% of project cost up to Rs. 3 crore |
| Proposed Contribution for Major Clusters | 90% of project cost up to Rs. 1.5 crore |
| Proposed Contribution for Mini Clusters | 90% of project cost up to Rs. 0.75 crore |
State Renewable Energy Scheme
| Parameter | Details |
|---|---|
| Component of the Scheme | Grant in aid |
| Interest Subsidy | 5% interest subsidy on term loan (maximum up to Rs. 10 lakh per year) |
Mini Lean Cluster Scheme (MLCS)
| Parameter | Details |
|---|---|
| Project Cost for Each Cluster | 80% of project cost or up to Rs. 2 lakh per unit |
| Ideal Number of Units | 10 |
Haryana Credit Linked Advance Technology Adoption Scheme
| Parameter | Details |
|---|---|
| Subsidy | 50% or Rs. 15 lakh, whichever is lower for adopting advanced manufacturing technologies |
Promotion of Information and Communication Technology (ICT) in MSME Sector
| Parameter | Details |
|---|---|
| Cloud Computing | Support for cloud-based ERP solutions with a subsidy of 75% or up to Rs. 3.0 Lakh for two years per MSE on a reimbursable basis |
Skill Development & Training for Potential/Existing Workers in MSMEs
| Parameter | Details |
|---|---|
| Training Cost Reimbursement | Maximum 50% of training cost limited to Rs. 5000 per worker per training program over 6 months |
Enhancing Access to Finance
| Parameter | Details |
|---|---|
| One-Time Support | 20% of expenditure incurred on raising funds towards registration on NSE’s/BSE’s SME exchange platform up to a maximum of Rs. 5 lakh after successful equity raising |
The MSME Subsidy in Haryana is prominent to boost the growth of Micro, Small, and Medium Enterprises (MSMEs) in the state. The MSME Subsidy schemes provide financial assistance and incentives to the Micro, Small and Medium Enterprises through subsidy programs. Through MSME Subsidy in Haryana, the government aims to reduce the financial difficulties of entrepreneurs. The MSME Subsidy in Haryana contributes to job creation for the domiciles and supports economic development of the state. The MSME Subsidy in Haryana promotes economic growth and productivity of MSMEs in the state by increasing industrialization, especially in less-developed regions.
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
The MSME Subsidy offers various benefits to Micro, Small and Medium Enterprises which includes financial assistance for expansion of business, generation of jobs, reducing business costs through tax exemptions and interest subsidies.
The MSME Subsidy in Haryana is an initiative by the government for the growth and development of Micro, Small, and Medium Enterprises (MSMEs) through schemes that offer financial assistance and incentives to expand business and generate employment.
The MSME Subsidy that are available in Haryana and can be redeemed by the Micro, Small, and Medium Enterprises fall under 9 categories which are:
The MSME subsidy in Haryana is important to promote the economic development of the state, reduce financial difficulties of MSMEs, generate jobs for locals and enhance the competitiveness in domestic and international markets.
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