Scheme Name: Fiscal Incentives - ESDM

State: Haryana

Description of the Scheme:

Develop IT and ESDM sectors as key growth drivers for achieving state?s vision to:

Make clear destination of choice for investments in IT and ESDM sector

Make IT and ESDM sector as key enabler of equitable growth to spread prosperity and development

Develop MSMEs as growth engine of economy

Become recognised leaders in availability of high-quality talent pool in the sector

Foster a culture of excellence in pioneering research, innovation and entrepreneurship

Make technology as enabler for door step delivery of citizen services

Target group :

Sector of the Scheme:

Eligibility Criteria:

Nature & Mode of Assistance:

a. Capital subsidy: State to provide 50% top up of CAPEX support provided by DEITY to units setting up in notified EMCs under M-SIPS of GoI. Support shall be provided to first 10 anchor units limited to maximum Rs.10 crores per unit

b. SGST reimbursement: 100% reimbursement (net tax) subject to maximum of 100% of fixed capital investment for a period of: A-Block - for 5 years; B, C & D-Block - for 10 years

c. Stamp duty: ESDM units shall be eligible for 100% reimbursement of stamp duty paid on sale/lease deeds paid on the first transaction for setting up units in notified EHTPs or land earmarked by State Government for ESDM industry. ESDM units shall be eligible for 100% reimbursement of stamp duty paid on sale/lease deeds paid on the first transaction for setting up units in B, C, D blocks.

d. Electricity duty exemption: 100% exemption for a period of 7 years from commercial operations.

e. Power subsidy: ESDM industry shall be eligible for getting power at Rs.5.49 per unit* provided the investor signs MoU with Government of Haryana for investments.

* Subsidy is restricted up to a certain level of consumption of per industrial unit which shall be decided separately with approval of Chief Minister.

f. For mega projects: Mega projects shall be eligible for special package of incentives over and above of the standard package for ESDM units shall be considered by the empowered committee on case to case basis.

g. Ultra mega projects: Ultra-mega projects shall be offered special package of incentives by Haryana Enterprise Promotion Board including such as mixed land use, allotment of land at a price to be decided by the Government, etc.

"Financial Information (Subsidy, low interest rate, etc.)":

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)":

How to apply: Office of the Information Technology, Electronics and Communication Department, Chandigarh

Whom to Contact:

Senior Administrative Officer

Room No. 42 , 9th Floor, Haryana Civil Secretariat, Chandigarh-160001.

Tel: 0172-2748142

email: ravinder@hry.nic.in