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The Micro, Small, and Medium Enterprises (MSME) sector plays a crucial role in Haryana’s industrial growth, providing employment and contributing to the economy. The Haryana government, in collaboration with the central government, offers various funding schemes and subsidies to support manufacturing businesses. If you’re planning to set up or expand a manufacturing unit in Haryana, this blog will guide you through the eligibility, application process, and benefits of MSME financial assistance.
Why Choose Haryana for Manufacturing?
Haryana has emerged as a top choice for setting up manufacturing units due to:
- Strategic location – Proximity to Delhi and major industrial hubs.
- Well-developed infrastructure – Industrial clusters, transport networks, and logistics support.
- Government incentives – Various subsidies, financial assistance, and tax benefits for MSMEs.
Key MSME Funding Schemes for Manufacturing Units in Haryana
1 Haryana MSME Loan Scheme
The Haryana Enterprise Promotion Policy (HEPP) offers financial support to MSMEs, including loans and interest subsidies.
- Loan Amount – Up to ₹2 crores, depending on project viability.
- Interest Subsidy – 3% to 6% interest subvention on term loans.
- Repayment Period – Flexible tenure up to 7 years.
2. Subsidies for Machinery and Equipment
To promote technology adoption, the Capital Subsidy Scheme under the MSME policy provides:
- Machinery Purchase Subsidy – 25% subsidy on machinery costs.
- Technology Upgradation Support – Assistance for modernizing existing units.
3. Subsidy for Land and Infrastructure Development
The Haryana government provides financial aid for acquiring land and setting up infrastructure:
- Stamp Duty Refund – 100% exemption for MSME industrial units.
- Power Tariff Subsidy – ₹2 per unit concession on electricity bills.
- Warehouse and Logistics Support – Subsidized rates for industrial land.
4. MSME Working Capital Assistance
MSMEs often face liquidity issues. Haryana provides working capital loans through:
- Credit Guarantee Fund Scheme (CGTMSE) – Up to ₹2 crore collateral-free loan.
- Interest Subvention Scheme – 2% subsidy on working capital loans.
5. Export-Oriented MSME Support
- For MSMEs focusing on exports, Haryana provides:
- Export Promotion Subsidy – Up to ₹10 lakh for market development.
- Freight Assistance – Financial support for international trade logistics.
6. Green and Sustainable Manufacturing Grants
- Subsidy for Pollution Control Equipment – 50% cost reimbursement.
- Energy Efficiency Grant – 25% subsidy for solar, biomass, and energy-saving tech.
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