SPOTLIGHT ON INDIAN ELECTRONICS Spotlight on Indian Electronics | Page 120

STATE POLICY- HARYANA
1. Financial assistance and support for quality Exemption & 30 %- 50 % Refund of Stamp Duty certification, technology acquisition and upgradation Ÿ Land Related Incentive and establishment of effluent treatment plant
1. Reduced EDC charges 50 %
Ÿ Land Related Incentive Reduced EDC charges 50 % & 50 %- 2. 50 %- 100 % Refund of Stamp Duty
100 % Refund of Stamp Duty
Ÿ Increase FAR Higher FAR of 150 % has been provided with
Ÿ Service Sector approval of HEPB
1. VAT / CSGT net paid 50 %, 50 %- 75 % Electricity Duty New Schemes
Ÿ
NIRBAADH- The‘ NIRBAADH’( New Industrial Regulation by
programme launched by the Hon ' ble Prime Minister of
Automatic Approvals and Delegation in Haryana) Scheme
India also lays a great emphasis on development of the
has been launched which focuses on time bound approvals
MSME Sector. Accordingly, support to MSMEs is one of the
and clearances and self-certification and 3rd party
cornerstones of the new Policy.‘ PRANETA’( Professionals
verification.
and New Entrepreneur Tax Assistance) Scheme has been
Ÿ
FINE-‘ FINE’( Financial Incentives and No Enhancements)
introduced with the MSMEs, both manufacturing and
Scheme has also been introduced to reduce the cost of
services, in mind. Under the Scheme, professional &
doing business through a slew of incentives and no
technically qualified entrepreneurs would not be required to
enhancement in cost of plots allotted by HSIIDC in future.
pay any State tax upto Rs. 3 crore for 3 years. Upto 25 % of
Ÿ
VISTAAR- To facilitate balanced regional growth, we have introduced the‘ VISTAAR’( VAT, Interest, Stamp Duty, Tax,
plots in HSIIDC industrial estates would be earmarked for identified services that support manufacturing.
Audit Assistance and Rating) Scheme, which provides for
Ÿ
Maha Nivesh Yojana- The‘ MahaNiveshYojana’ has been
subsidy in VAT, Interest, Stamp Duty, Tax, Audit & Ratings.
launched for Iconic-Ultra Mega Projects in manufacturing,
VAT subsidy upto 75 % would be available to Micro, Small &
Tourism, Logistics, Wholesale Markets etc. involving land of
Medium enterprises.
minimum 500 acres and investment of US $ 1 billion
Ÿ
PRANETA- MSMEs are the backbone of the Industrial growth strategy of any State. The‘ Make in India’
( Rs. 6,000 crore). Such projects would be provided a special dispensation including customized package of incentives.

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