Special subsidy scheme to attract mega projects in Haryana

Chandigarh, August 2

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Deputy Chief Minister Dushyant Chautala today announced that the state government had prepared a scheme of ‘Investment subsidy in lieu of net SGST’ to attract investors in the state.

The projects, ranging from MSMEs to ultra-mega, will be given subsidy under the scheme. He said the Haryana Enterprises and Employment Policy, 2020, had been formulated to make the state a major investment destination, and facilitate balance between regional and sustainable development through an energy-efficient governance system.

Dushyant said for first five years, the industry set up in the D-category would be given net SGST of 75% while 35% (maximum 125% of fixed capital investment) would be given for the next three years. Similarly, those in the C-category will get 50% of net SGST for the first five years and 25% for next three years (maximum 100% of fixed capital investment) while the B-category industries would be given 30% of net SGST for the first five years and 15% (maximum of 100% of fixed capital investment) for next three years . — TNS