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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