Genset Subsidy

Rapid Consulting provides assistance for availing capital subsidy under the Haryana Enterprises & Employment Policy-2020, offering up to 50% subsidy of the cost of Genset, with a maximum limit of Rs 8000 per KVA, for manufacturing industries in Haryana

About the Service

Haryana's Generator Set Subsidy Scheme: Energizing Rural EnterprisesIntroductionAmid its journey from agrarian roots to industrial prominence, Haryana introduced the Generator Set Subsidy Scheme as part of its myriad initiatives to boost industrial growth. Launched under the Haryana Enterprises & Employment Policy-2020, this scheme aims to ensure uninterrupted power supply to Small and Medium Enterprises (SMEs) in rural areas, particularly in 'C' and 'D' category blocks. By subsidizing the cost of generator sets, the government seeks to mitigate power disruptions, thereby enhancing the operational efficiency and productivity of rural industries.Historical ContextThe Generator Set Subsidy Scheme, notified on June 8, 2021, reflects Haryana's ongoing commitment to industrial development, complementing previous policies like the Enterprises Promotion Policy of 2015 and its 2020 iteration. These policies collectively form a strategic framework aimed at industrial diversification, sustainable growth, and regional balance.Scheme OverviewThe scheme offers a subsidy on the purchase of generator sets to Small and Medium Enterprises located in 'C' and 'D' category rural blocks. It provides INR 8000 per KVA, capped at 35% of the cost for Small Enterprises and 25% for Medium Enterprises. This financial support is designed to ease the burden of acquiring generator sets, ensuring a reliable power supply for business operations.Quantum of AssistanceThe assistance is structured to address the specific needs of SMEs in rural settings, where power outages can significantly impact productivity. By subsidizing generator set costs, the scheme not only aids in maintaining continuous production but also in sustaining employment and fostering rural industrialization.Eligibility CriteriaEligibility hinges on several factors, including the enterprise's classification as a Small or Medium Enterprise as per the MSMED Act amendments, its location in 'C' or 'D' category rural blocks, and adherence to conditions such as Udyam Registration, non-placement on the state's restrictive list, and operational status at the time of disbursement.Application and DocumentationApplications must be submitted within three months of purchasing the generator set or from the scheme's notification date, accompanied by requisite documents. These include the Udyam Registration Certificate, incorporation documents, and proof of purchase from an authorized dealer.Procedure and Time Limits for ClaimsThe scheme mandates a streamlined process for claim submission, with a three-month deadline from the generator set purchase date. This ensures timely support to eligible enterprises, enabling them to enhance their operational resilience against power outages.Competent Authority and Sanctioning ProcessThe Additional Director of the Department of Industries and Commerce is the designated authority for subsidy sanction. This centralized process facilitates efficient handling of applications and disbursements, aligning with the scheme's objective of prompt assistance.Appeals and RevisionsEnterprises have the right to appeal decisions, with the Director/Director General of Micro, Small, and Medium Enterprises and the Administrative Secretary of Industries & Commerce acting as appellate authorities. This mechanism ensures transparency and fairness in the administration of the scheme.Penalties and RecourseThe scheme includes provisions for penal actions against fraudulent claims, safeguarding its integrity and ensuring that benefits are extended only to deserving enterprises. Violators are subject to repayment with interest and legal consequences, emphasizing the importance of truthful and accurate application submissions.SummaryThe Generator Set Subsidy Scheme stands as a vital component of Haryana's industrial policy, aimed at empowering rural enterprises through enhanced energy security. By facilitating access to reliable power sources, the scheme contributes to the sustainable growth and development of rural industries, marking another step towards Haryana's vision of an industrially balanced and economically vibrant state.Rapid Consulting's Role in Facilitating the ProcessRapid Consulting offers specialized services to assist businesses in navigating through the complexities of various subsidy schemes in Haryana, such as the Generator Set Subsidy Scheme. They help enterprises understand the eligibility criteria, prepare necessary documentation, and ensure timely submissions for subsidies, thereby ensuring smooth processing and maximization of benefits.Impact of the Scheme on Haryana's Industrial GrowthThe introduction of the Generator Set Subsidy Scheme, along with other initiatives like the Haryana Gramin Udyogik Vikas Yojna, has positively impacted Haryana's industrial growth, especially in rural and lesser-developed regions. By subsidizing the cost of generator sets, the scheme has enabled uninterrupted power supply in small and medium enterprises, contributing to increased operational efficiencies and productivity which attract more investments into these areas.Future Prospects and EnhancementsThe future of these subsidy schemes looks promising as they are aligned with the broader goal of industrial development in Haryana. Continued enhancements, possibly including expanded coverage areas, increased subsidy rates, or inclusion of more types of businesses, are expected to sustain and accelerate industrial growth across the state.FAQs? What is the Generator Set Subsidy Scheme in Haryana?This scheme provides subsidies to small and medium enterprises for purchasing generator sets to ensure uninterrupted power supply, specifically aimed at businesses in 'C' and 'D' category blocks in rural areas.? Who is eligible for the generator set subsidy?Small and medium enterprises located in specified rural areas that meet certain investment and turnover thresholds are eligible for this subsidy.? How much subsidy can be availed for generator sets under this scheme?The subsidy amount can go up to INR 8000 per KVA, with a cap of 35% of the generator set cost for small enterprises and 25% for medium enterprises.? What is the process for applying for the generator set subsidy?Enterprises must submit an application via the designated web portal within three months from the purchase of the generator set or from the date of the scheme's notification, whichever is later.? What are the consequences of providing false information in the subsidy application?Providing false information can lead to severe penalties, including the requirement to repay the subsidy amount with interest, legal actions, and exclusion from future government incentives.? How does Rapid Consulting assist in this process?Rapid Consulting facilitates the entire process, from application to sanction, ensuring enterprises fully benefit from the scheme with minimal hassle.Target Sectors in HaryanaThe "Generator Set Subsidy Scheme" is aimed at assisting small and medium enterprises (SMEs) in purchasing generator sets at subsidized costs to ensure uninterrupted power supply. This scheme specifically targets businesses located in the rural 'C' and 'D' category blocks within Haryana.Eligibility for Existing Businesses and New VenturesThe Schemes is applicable to both existing and new Ventures. Eligibility is restricted to SMEs defined under specific investment and turnover limits as outlined in the MSMED Act, 2006. Businesses must be in commercial production and regular operation at the time of subsidy disbursement and not listed on any state restrictive lists. Enterprises must purchase the generator set from an authorized dealer post the policy notification date and maintain operational status for five years.Integration with Other Subsidies and IncentivesThe scheme complements broader incentives under the Haryana Enterprises and Employment Policy 2020, primarily focusing on capital and interest subsidies alongside the specific generator set subsidy.Application ProcessApplications should be submitted through a designated form on the department's web portal within three months of purchasing the generator set or from the date of the scheme's notification, whichever is later. The process includes scrutiny and inspection by district MSME officials.Geographical Preferences in HaryanaThe scheme emphasizes support for enterprises under the jurisdiction of village panchayats in designated rural blocks, with variations in subsidy amounts between the 'C' and 'D' categories.Why Choose Rapid Consulting?? Specialized Expertise: Our team at Rapid Consulting boasts in-depth knowledge of subsidy schemes, ensuring you get the most out of your investment.? End-to-End Assistance: From initial assessment to final application, we manage the entire process, making it seamless and hassle-free for your business.? Maximized Benefits: We ensure that you fully leverage the financial incentives available, boosting your company's growth and profitability.Our services encompass the following:? Consultation and Eligibility Assessment: We conduct thorough consultations with clients to understand their manufacturing operations and determine their eligibility for the subsidy under the policy. This involves assessing their genset requirements and alignment with the policy guidelines.? Documentation Preparation: Our team assists in preparing all necessary documentation required for the subsidy application. This includes project reports, cost estimates, genset specifications, and other relevant information needed for submission to the concerned authorities.? Application Management: We manage the entire application process, ensuring all documents are submitted accurately and on time. Our experts liaise with the relevant government departments and agencies to streamline the submission process.? Negotiation and Follow-up: In case of any queries or requests for additional information from the authorities, we handle negotiations on behalf of our clients. We ensure prompt responses and provide any further documentation required.? Subsidy Disbursement: Upon approval, we facilitate the disbursement of the subsidy amount to our clients. We ensure that all procedural formalities are completed smoothly for the timely release of funds.? Post-Subsidy Support: Our services extend beyond subsidy acquisition. We provide ongoing assistance to our clients, helping them with compliance requirements, reporting obligations, and any other post-subsidy concerns.Rapid Consulting's expertise and experience in navigating the complexities of the Haryana Enterprises & Employment Policy-2020 aim to maximize benefits for manufacturing industries in Haryana. We are committed to supporting their growth and development through access to essential infrastructure like gensets.How to Reach Us:? Website: Visit our official website for detailed information, service offerings, and to schedule an online consultation.? Direct Contact: Call us at +91-9467248028/9416506136 or email info@rapidconsulting.in to discuss your needs directly with our experts.? Office Visit: Our offices are open for in-person consultations at 134, Rapid Consulting, First floor Below Paysam Restaurant, Near Samsung Care. Lajpat Nagar, Rajgarh Road Hisar, Haryana-125001. Here, you can meet with our consultants who can provide personalized guidance tailored to your business's specific circumstances.Engage with Rapid Consulting today to leverage their expertise in enhancing your business's financial and operational performance through the Collateral Free Credit Guarantee Scheme and other beneficial state initiatives. Whether online, over the phone, or in person, Rapid Consulting is ready to assist you in advancing your business goals in Haryana.

Free Consultation

Other Services

The form

Empower Your Business Growth with Rapid Consulting's Expert Guidance

Thank you!
Your submission has been received!
Oops! Something went wrong while submitting the form.