Haryana government reported significant progress in the implementation of its flagship industrial framework, the ‘Make in Haryana Industrial Policy 2025’. A high-level review meeting highlighted the policy’s success in attracting fresh investments, with a specific focus on boosting the Micro, Small, and Medium Enterprises (MSME) sector through targeted fiscal incentives.
๐ญ Boosting MSMEs with Fiscal Support
The progress report underscored the government’s aggressive strategy to make Haryana a preferred destination for MSMEs. Officials noted that the new policy’s structure, which offers substantial fiscal incentives, has generated a positive response from investors.
Key incentives driving this interest include:
-
Capital Subsidies: Financial support for setting up new industrial units in designated blocks, particularly in industrially backward regions (Categories C and D).
-
Interest Subvention: Reduced interest rates on loans for technology upgradation and modernization.
-
SGST Reimbursement: attractive reimbursement models for State Goods and Services Tax (SGST) to improve cash flows for small businesses.
๐ Beyond Gurugram: Balanced Regional Growth
A core objective of the ‘Make in Haryana’ policy is to decentralize industrial growth, moving beyond the traditional hubs of Gurugram and Faridabad. The review indicated that the incentives are successfully encouraging industries to set up base in hinterland districts like Hisar, Jind, and Mahendragarh, promoting balanced regional development and local employment generation.
The government reiterated its commitment to the “Ease of Doing Business” and “Cost of Doing Business”, aiming to streamline regulatory clearances further to ensure that the MSME sector becomes the backbone of Haryana’s march towards a $1 trillion economy.
