Big step by Naib Government towards timebound release of incentives to entrepreneurs

Chandigarh, 10 September:- Under the commitment made in the Budget announcement by Haryana Chief Minister Shri Nayab Singh Saini towards transparency and timeliness in the disbursement of incentives, the first instalment of incentives amounting to a total of Rs 311 crore 25 lakh has been released through e-Kuber (Treasury) to 670 beneficiaries under various schemes of the Directorate of MSME and the Directorate of Industries and Commerce.
Addressing a press conference held at Haryana Niwas on Thursday, the Chief Minister said that while presenting the Budget, it was announced that after submission of an application on the Invest Haryana portal and completion of the necessary scrutiny, 50 per cent of the eligible incentive amount would be released in advance within 7 working days. The remaining 50 per cent of the eligible incentive amount would be released within 45 working days after completion of the detailed scrutiny of the application. Reiterating this commitment, the state government is committed to the time-bound disbursement of incentives, providing all possible support to entrepreneurs and strengthening the MSME sector in Haryana. He said that timely release of incentives, in accordance with the government's commitment, is of great importance to industries.
Micro, Small and Medium Enterprises (MSMEs), mega and large industries play an important role in strengthening Haryana's economy, generating employment and creating opportunities for the people of the state. The incentives released today include Rs 45.44 crore to 539 beneficiaries under the MSME Department's ‘Haryana Enterprise and Employment Policy’, Rs 9.29 crore to 4 beneficiaries under the Logistics, Warehousing and Retail Policy, while Rs 144.16 crore has been released to 16 beneficiaries under the Haryana Enterprise and Employment Policy of the Directorate of Industries.
In addition, Rs 24.53 crore has been released to 10 beneficiaries under the ‘Plug and Play’ scheme. Similarly, Rs 65.18 crore has been released to 98 beneficiaries under the Atmanirbhar Textile Policy, Rs 20.54 crore to 2 beneficiaries under the ‘Programme to Accelerate Development for MSME Advancement’, and Rs 2.11 crore has been provided for one cluster development under the MSE Cluster Development Programme (MSE CDP).
Industries Minister Rao Narbir Singh said that the Haryana Government is implementing various schemes and policies for industries across the state, with special emphasis on the time-bound disbursement of incentives, a transparent process and timely assistance to eligible beneficiaries. The department is continuously working to support entrepreneurs and Micro, Small and Medium Enterprises (MSMEs), mega and large industries across Haryana and to ensure that financial assistance provided under various policies reaches eligible beneficiaries in a timely manner.