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Haryana Government Gazette

EXTRAORDINARY

Published by Authority

No. 120–2021/Ext.] CHANDIGARH, THURSDAY, JULY 29, 2021 (SRAVANA 7, 1943 SAKA)

HARYANA GOVERNMENT

INDUSTRIES AND COMMERCE DEPARTMENT

Notification

The 29th July, 2021

No. 25/05/2020-4IB-I.— In pursuance to the provision under Chapter 14 of Haryana Enterprises &

Employment Policy-2020 notified in Gazette vide No.25/05/2020-4IB-I dated 29.12.2020, the Governor of Haryana

is pleased to notify the “Interest Subsidy Scheme” with an objective to provide affordable credit to new Micro, Small

& Medium Enterprises, Start-ups and enterprises operating for import substitution & with the provisions given

hereunder:

Quantum of Assistance

New Micro & Small Enterprises



5% for Micro and Small Enterprises on term loan or maximum up to INR 20.00 lakh per

year for 5 years in „C‟ & „D‟ Categories Blocks



5% for Micro and Small Enterprises on term loan or maximum up to INR 20.00 lakh per

year for 3 years in „B‟ Categories Blocks



6% for woman/SC/ST led Micro Enterprise on term loan or maximum up to INR 20.00

lakh per year for 5 years in „B‟, „C‟ & „D‟ Categories Blocks.

Expansion/Diversification: 5% for existing Micro and Small Enterprises which have made

additional investment at least 50% in plant and machinery in one go for expansion/

diversification of existing unit, one time during operational period of the scheme.

New Micro & Small Enterprises under Thrust Sectors/ Import Substitution



6% for Micro and Small Enterprises on term loan or maximum up to INR 20.00 lakh per

year for 7 years in „C‟ & „D‟ Categories Blocks



6% for Micro and Small Enterprises on term loan or maximum up to INR 20.00 lakh per

year for 5 years in „B‟ Categories Blocks

Expansion/Diversification: 6% for existing Micro and Small Enterprises which have made

additional investment at least 50% in plant and machinery in one go for expansion/

diversification of existing unit, one time during operational period of the scheme.

New Agro-based, Food Processing & Allied Industry/Bio energy from Agricultural residue.



7% for Micro, Small and Medium Enterprises on term loan or maximum up to INR 20.00

lakh per year for 7 years in „C‟ & „D‟ Categories Blocks



7% for Micro, Small and Medium Enterprises on term loan or maximum up to INR 20.00

lakh per year for 5 years in „B‟ Categories Blocks

HARYANA GOVT. GAZ. (EXTRA.), JULY 29, 2021 (SRVN. 7, 1943 SAKA)

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Expansion/Diversification:7% for existing Micro, Small and Medium Enterprises which have

made additional investment atleast 50% in plant and machinery in one go for expansion/

diversification of existing unit, one time during operational period of the scheme.

Start-ups

Interest subsidy of 8%, max. upto INR 20 Lakh per year for a period of 5 years.

Commencement and Applicability:

The Scheme shall commence with effect from 01.01.2021 for providing interest subsidy on term loan

and shall remain in operation for a period of 05 years. The industrial unit to which term loan has been

sanctioned on or after 01.01.2021 and before 31.12.2025 shall be admissible for interest subsidy.

Definitions

Medium Enterprises: Investment in Plant and Machinery or Equipment does not exceed INR

50 crore and turnover does not exceed INR 250 crore or as amended by GoI under the MSMED

Act, 2006 time to time.

ii.

Small Enterprise: Investment in Plant and Machinery or Equipment does not exceed INR 10

crore and turnover does not exceed INR 50 crore or as amended by GoI under the MSMED Act,

2006 from time to time.

iii.

Micro Enterprise: Investment in Plant and Machinery or Equipment does not exceed INR 1

crore and turnover does not exceed INR 5 crores or as amended by GoI under the MSMED Act,

2006 from time to time.

iv.

Start-up: As defined by Department of Electronics and Information Technology, Haryana, from

time to time and registered with Startup Haryana.

Thrust Sectors: The State has identified the following 08 thrust sectors:

(a)

Auto, Auto Components & Light Engineering

(b)

Agro-based, Food Processing & Allied Industry

(c)

Textiles and Apparels

(d)

Electronics System Design & Manufacturing (ESDM)

(e)

Defense and Aerospace Manufacturing

(f)

Pharmaceutical & Medical Devices

(g)

Chemical and Petrochemical

(h)

Large Scale Energy and Data Storage

Note.— The list of Thrust sectors shall be amended by HEPB from time to time

vi.

Import substitution:

Enterprises engaged in the manufacturing of products for which nation is dependent on imports.

The list containing such enterprises is placed at Annexure-8 of the policy.

vii.

Essential Sector Enterprises:

Essential Goods and Services are classified as those activities, which are necessary for the

survival of citizens, employment generation, business linkages and ancillary industries, have

seasonality of commodities (Raw material seasonality) and required in dealing with disaster (e.g.

Pandemic related goods and industries).The list containing such enterprises is placed at

Annexure-7 of the policy.

viii.

Bio Energy Projects:

Bio energy (from agricultural residue) will be treated as “Industry” and all the incentives

available to Agro-based, Food Processing and Allied Industry under the policy, shall also be

available bio energy producers/units.

ix.

Existing Enterprise:

The Enterprise which has gone into commercial production before date of commencement of the

Policy i.e. 01.01.2021.

New Enterprise:

The Enterprise which has gone into commercial production on or after date of commencement of

the Policy i.e. 01.01.2021.

Eligibility

Micro, Small& Medium and Start-up Enterprises (new and expansion/diversification) which have

availed term loan from Financial Institutions/ Co-operative Banks/ Sarv Haryana Shetriya Gramin

Bank/ Commercial Banks, after 01.01.2021, shall be eligible under the scheme. The Industrial Units

shall also comply with the following conditions:

The unit shall file Udyam Registration Certificate (URC) and Haryana Udhyam Memorandum

(HUM) on the portal for statistical purpose, at any stage.

ii.

The unit should not fall in the restrictive list as notified by the State Government from time to

time.

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HARYANA GOVT. GAZ. (EXTRA.), JULY 29, 2021 (SRVN. 7, 1943 SAKA)

iii.

The unit should have obtained NOC/CLU from competent Authority if applicable.

iv.

The unit should be in commercial production.

The unit should be in regular production at the time of disbursement and the subsidy shall not be

released to the closed unit.

Procedure

5.1

Application on prescribed Form (Annexure-I)for the grant of interest subsidy on the term loan,

along with listed documents should be submitted to the Director/ Director General, Micro, Small

and Medium Enterprises, on the web portal of the department within three months of closing of

financial year for which incentive is being claimed or from the date of notification of the

scheme, whichever is later.

5.2

The application would be processed and examined by the Joint Director/Deputy Director,

District MSME Centre. He will be responsible for scrutiny and shall clearly recommend for

approval/rejection of the claim after conducting the inspection of the unit. The deficiencies, if

any, would be communicated to the applicant in writing within a period of 7 days and the

applicant would be given a time period of 10 days to rectify the deficiencies so pointed out.

5.3

In case the deficiencies are not removed within prescribed period, the claim shall be filed by the

Competent Authority, under intimation to the party through an e-mail. The enterprise shall not

be required to submit any additional document other than specified under Annexure-I unless

required for establishing genuineness of the claim.

Time Limit to apply

An enterprise shall forfeit its entitlement for the interest subsidy on term loan, if it does not submit its

claim, complete in all respects within three months of the closing of the financial year of which

incentive is being claimed or from the date of notification of the scheme, whichever is later.

Competent Authority for sanction

The Director/ Director General, Micro, Small and Medium Enterprises shall be competent authority for

sanction of the subsidy above INR10 lakhs to INR20 lakh and Additional Director, MSME up to INR10

lakh.

Interpretation/ Clarification

The Administrative Secretary, Industries & Commerce, Haryana shall be competent to make

interpretation/clarification of provisions of this scheme.

Appeals

An appeal against an order passed by the Competent Authority shall lie with the Director/Director

General, Micro, Small and Medium Enterprises and appeal against the orders passed by the

Director/Director General, Micro, Small and Medium Enterprises shall lie with the Administrative

Secretary, Industries & Commerce, Haryana within a period of 30 days from the date of communication

of orders appealed against. The orders passed by the Administrative Secretary, Industries & Commerce,

Haryana in appeal shall be final.

10.

Power to condone delay in submission of application & appeal:

The Director/ Director General, Micro, Small and Medium Enterprises, Haryana shall be

competent to condone the delay up to a period of 03 months after the prescribed time limit.

The Administrative Secretary, Industries & Commerce, Haryana shall be competent to condone

the delay up to a period of 06 months after the prescribed time limit.

Provided that the competent authority is satisfied with the reasons of late submission of the

application on the basis of the substantial evidence/documents/ arguments presented by the applicant.

11.

Penal Action

In case, it is found at any stage that the applicant has claimed the assistance on the basis of wrong facts,

the applicant shall besides refunding assistance with compound rate of interest @ 12% per annum and

facing legal action, will be debarred from grant of any incentive/assistance from the State Government.

If the applicant fails to refund the subsidy amount with interest, then the amount shall be recovered as

arrear of land revenue. The applicant shall be debarred from public procurement as a result of mismatch

in facts and figures.

12.

Service Delivery Timeline

S. No.

Tasks

Time limit (working days)

Letter of Approval

30 days

Letter of Sanction

07 days

Disbursement

07 days

VIJAYENDRA KUMAR,

Principal Secretary to Government of Haryana,

Industries and Commerce Department.

HARYANA GOVT. GAZ. (EXTRA.), JULY 29, 2021 (SRVN. 7, 1943 SAKA)

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Annexure –I

Application format for claiming Interest subsidy on term loan.

Sr. No.

Particulars

Details

Name of the applicant (Authorized person of the unit)

Name & Address of the unit with telephone no. and e-mail

Registered office address

Constitution of the Unit [Proprietary, Partnership, Pvt. Ltd.,

Public Ltd., LLP (Limited Liability Partnership),

Co-operative Society]

Name of the block in which the enterprise located and category

of blocks i.e. B/C/D

Category of the unit (Micro/Small/Medium)

Udyam Registration Certificate (URC) and Haryana Udhyam

Memorandum (HUM) No. & Date

Date of commencement of commercial

production (As per first sale bill)

Item of manufacture/processing

Category under which interest subsidy has been claimed

Micro &Small Enterprises

ii)

Micro & Small Enterprises under Thrust Sectors

iii) Micro & Small Enterprises engaged in Import Substitution

iv) MSMEs Agro-based, Food Processing/Bio Energy

Start-ups

vi) Haryana Gramin Udyogik Vikas Yojna

Name of the bank/ financial institution

Quantum of term loan sanctioned for the

Project

Date of disbursement of first installment of

loan & amount

Cost of project as approved by bank/

financial institution

Details of Fixed Capital Investment:

Land

ii.

Building

iii.

Plant & Machinery/equipment

iv.

Others

Total

Means of Finance

Promoters Contribution

ii.

Term Loan

iii.

Others resources Total

Rate of interest subsidy applicable i.e. 5% or 6%or 7% or 8%

Quantum of Interest Subsidy admissible for the financial year

.................. as per scheme applicable. (Attach bank

certificate as per prescribed Performa)

Details of interest subsidy claimed earlier year-wise

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HARYANA GOVT. GAZ. (EXTRA.), JULY 29, 2021 (SRVN. 7, 1943 SAKA)

20.

Self-attested copies of documents to be attached with the application:

Copy of Udyam Registration Certificate (URC) and HUM.

ii.

Certificate of Incorporation/ Partnership deed/Partnership registration/ Co-operative society registration.

iii.

Board resolution/ Power of attorney.

iv.

Change of Land Use (CLU)/ NOC from competent authority, if applicable.

Certificate for Financial Institution/Bank concerned (Annexure-III)

vi.

CA Certificate regarding investment in plant & machinery for new unit/ expansion/ iversification

(Annexure-IV).

vii.

Copy of GST return/Audited Balance Sheet for last financial year (if applicable).

viii.

Copy of first sale bill.

Signature of the applicant

(with seal)

HARYANA GOVT. GAZ. (EXTRA.), JULY 29, 2021 (SRVN. 7, 1943 SAKA)

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Undertaking/Declaration (to be submitted on non-judicial stamp paper of INR 50/- (Min) duly sworn

before a Notary Public (duly affixed with Notarial Stamp; and with Notary Seal & Notary Registration

Number or First-Class Magistrate):

I, ____________________________ do hereby solemnly state that I am proprietor/

partner/director/

M/s

______________________________________

located

which is engaged in the manufacture of

and I have been authorized to file the Interest subsidy claim with the Department of Industries and

Commerce/MSMEs, Haryana.

The unit will be liable to refund excess subsidy/assistance, if any released due to omission or

pointed out by the Audit team of Principal Accountant General, Haryana.

I do hereby further affirm that the particulars given in the application are correct. In case any of

the statement/ information furnished in the application/ documents later found to be wrong or incorrect or

misleading or violation of the eligibility criteria/conditions, I do hereby undertake to refund the entire

amount of assistance of INR ______________ (Rupees________________) granted to me at the

compound rate of interest @12% per annum, besides facing legal action in case facts contained in this

application are proved to be wrong at the time of verification/ checking or otherwise at any stage.

Dated:

Signature of the applicant

(with seal)

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HARYANA GOVT. GAZ. (EXTRA.), JULY 29, 2021 (SRVN. 7, 1943 SAKA)

Annexure-II

Certificate from financial institution/Bank

This is to certify that M/s ............................................................................ has been sanctioned term loan of

INR ....................................................... for the project located at ……………………………………………..@

………........... % interest.

The unit has been disbursed term loan of INR .............. upto.............. The first installment of the term loan

of INR ......................... was disbursed on dated ………..................

The unit had made repayment for the last financial year dated 01/04/20.... to31/03/20.

asunder:-

Against Term loan

INR.....................................

As interest

INR.....................................

Total

INR......................................

On the disbursed amount of term loan mentioned above, the interest amount for the above period comes to

INR..................................at……………………….(5% or 6%or 7% or 8% whichever is applicable).

This is to certify that:

(i)

The unit is presently regular in repayment of the term loan installments.

(ii)

No penal interest has been charged.

(iii)

The above interest has been charged/ calculated on the original term loan sanctioned to the unit.

Place:

Date:

Signature

Branch Manager

Name of Bank

Seal of the Bank

HARYANA GOVT. GAZ. (EXTRA.), JULY 29, 2021 (SRVN. 7, 1943 SAKA)

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Annexure-III

Certificate from Chartered Accountant regarding investment in plant & machinery and turnover (on CA

letterhead)

To whom it may concern

The records of M/s .................................... with their regd. office at ....................... and factory located

at...................................................... in respect of investment in plant & machinery* (original purchase value)

of the company has been verified. It is certified that the investment in plant & machinery as on date................

stands

INR...................

and

turnover

last

financial

year

INR…………………….

(Rupees………………..).

Name & signature of the Chartered Accountant with

stamps & CA membership Number

Date………………..

UDIN No. ……………...

9251—C.S.—H.G.P. Pkl.