In a bid to position the state as a global manufacturing hub, the Haryana government today officially notified the “Haryana Enterprises Promotion Policy (HEPP) 2025.” Replacing the previous 2020 version, the new policy places a massive emphasis on Micro, Small, and Medium Enterprises (MSMEs), offering a bouquet of fiscal incentives and subsidies.
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Focus on MSME Growth: The core philosophy of HEPP-2025 is to decentralize industrial growth. “Our aim is to take industry from the NCR belt to the heart of rural Haryana. By empowering MSMEs, we are creating local employment and strengthening the supply chain for larger global players,” said a senior official from the Industries Department.
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Key Subsidy Highlights:
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Investment Subsidy: MSMEs will be eligible for a significant investment subsidy on fixed capital investment, varying based on the “Block Category” (A, B, C, or D) of the industrial area.
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Interest Subvention: To lower the cost of capital, the government has introduced an interest subvention of up to 5% on term loans for a period of seven years.
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Power Subsidy: Small units will receive a power tariff subsidy of ₹2 per unit for up to ten years to remain competitive.
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Infrastructure Support: A new “Cluster Development Fund” has been established to provide up to 80% funding for common facility centers in MSME clusters.
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Thrust Sectors: The policy identifies specific “Thrust Sectors” such as Electric Vehicles (EV), Green Hydrogen, Aerospace, Defense, and Agri-Business, which will receive 1.5x the standard subsidy rates.
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Ease of Doing Business: HEPP-2025 integrates all approvals through a reinforced “Single Window System,” promising deemed clearances for 50+ industrial services within a 15-day window.
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Women & SC Entrepreneurs: The policy offers additional incentives for enterprises owned by women and members of the Scheduled Castes, including higher seed capital and plot allotment preference.
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Environmental Incentives: Units adopting green technology, zero-liquid discharge systems, or solar power will be eligible for “Eco-Grants” covering up to 25% of the equipment cost.
