Plug and Play

Rapid Consulting facilitates capital subsidies of up to 50% for providing necessary infrastructure support to MSMEs in Haryana under the "Cluster Plug and Play Scheme." With a maximum benefit of Rs 5 crore, We offer end-to-end assistance, enabling MSMEs to establish and expand their operations efficiently within cluster environments

About the Service

Haryana's Cluster Plug and Play Scheme: Enhancing Infrastructure for MSME DevelopmentIntroductionThe Haryana Government has launched the "Cluster Plug and Play Scheme" to provide necessary infrastructure support for the development of MSMEs in the state. The scheme is part of the broader Haryana MSME Policy-2019, which aims to facilitate the geographical dispersal of industries by providing modern, affordable operating facilities.Objectives and Quantum of AssistanceThe scheme aims to:? Create affordable operating infrastructure to enhance MSME competitiveness.? Provide capital-intensive common facilities like sewage treatment plants, effluent treatment plants, and captive power plants.? Support the setup of new MSMEs by offering readily available common infrastructure.? The assistance includes up to 50% of the project cost, capped at INR 5 crore, to develop these facilities within a cluster-based approach.Eligibility CriteriaEligible entities under this scheme include private sector companies, LLPs, proprietorships, societies, and trusts. These entities must contribute at least 20% of the total project cost as equity and secure a term loan covering at least another 20% of the project cost. The land for the project must be secured by the implementing agency for a minimum of 20 years, either through purchase or lease.Application and DocumentationApplicants must submit their proposals through the specified web portal, including detailed project reports and relevant documents to establish eligibility and project feasibility.Procedure for Disbursement and AppealsFinancial assistance is disbursed in two installments:? The first installment is released upon verification of 50% expenditure of the bank term loan and equity contribution.? The second installment follows upon full utilization of the first installment and completion of the project infrastructure.? Appeals against any administrative decision can be made to the Administrative Secretary, Industries & Commerce, Haryana.Penalties and RecourseIf it is discovered that the assistance was claimed through false information, the recipient must repay the full amount of assistance with a 12% compound interest per annum. Legal actions may follow, and the recipient could be debarred from any future government assistance.ConclusionThe "Cluster Plug and Play Scheme" is a strategic component of Haryana's effort to strengthen its industrial sector, specifically targeting MSMEs to foster economic growth, employment generation, and regional industrial dispersal through enhanced infrastructure support.Rapid Consulting's Role in Facilitating the ProcessRapid Consulting provides expert services to assist enterprises in Haryana with the 'Cluster Plug and Play Scheme' under the Haryana Micro, Small, and Medium Enterprises (MSME) Policy-2019. They guide businesses through understanding the scheme's eligibility requirements, preparing and submitting applications, and ensuring compliance with the scheme�s guidelines to maximize financial incentives for developing cluster-based industrial infrastructure.Impact of the Scheme on Haryana's Industrial GrowthThe scheme enhances Haryana's industrial sector by offering infrastructural support and affordable operating facilities to MSMEs, encouraging a cluster approach to industrial development. This approach facilitates geographical dispersal of industries and provides modern infrastructure, thus reducing production costs, enhancing competitiveness, and creating local employment opportunities.Future Prospects and EnhancementsFuture enhancements could include increasing the financial cap for assistance, expanding the scope to include more diverse industrial clusters, and extending the scheme's duration to attract more long-term investments. Moreover, integrating this scheme with other industrial and technological development initiatives could provide a more comprehensive support system for MSMEs in Haryana.FAQs? What is the Cluster Plug and Play Scheme?This scheme aims to develop industrial clusters by providing necessary infrastructure support, making operating facilities more affordable, and encouraging the set-up of MSME units in Haryana.? Who is eligible for this scheme?Eligible entities include private sector companies, LLPs, proprietorships, societies, and trusts that can bring in a minimum of 20% of the project cost as equity and secure term loans for at least another 20% of the project cost.? How does an enterprise apply for this scheme?Enterprises must submit their applications along with required documents through the designated web portal, and the applications are processed by the Director or Director General of Industries & Commerce.? What are the financial benefits of participating in this scheme?Benefits include state government grants covering up to 50% of the eligible project costs up to a maximum of INR 5 Crore for developing cluster-based facilities.? What happens if incorrect information is provided in the application?Providing incorrect information can lead to severe penalties, including the repayment of the grant with a 12% compound interest rate, legal actions, and potential exclusion from future state incentives.? How does Rapid Consulting assist in this process?Rapid Consulting helps navigate the complex application process, ensures adherence to eligibility criteria, and aids in securing the maximum possible financial benefits, thus simplifying the administrative burden and facilitating smoother project initiation.Target Sectors in HaryanaThe Haryana Cluster Plug and Play Scheme is part of the Haryana Micro, Small and Medium Enterprises (MSME) Policy 2019, aiming to promote MSMEs by developing modern infrastructure and offering affordable operating facilities. This scheme focuses on creating cluster-based industrial environments with essential amenities like Sewage Treatment Plants and Effluent Treatment Plants. It encourages entrepreneurs to establish units within these clusters, thus facilitating geographical dispersal of industries and enhancing the state's industrial competitiveness.Eligibility for Existing Businesses and New VenturesThe scheme is open to various entities including private sector companies, partnerships, and trusts, which can act as Implementing Agencies (IAs). These IAs are responsible for setting up the cluster facilities and must contribute at least 20% of the project cost as equity. Additionally, IAs must secure term loans covering at least another 20% of the project cost and ensure that the land for the project is secured for at least 20 years.Integration with Other Subsidies and IncentivesThe Cluster Plug and Play Scheme integrates with broader state and central government incentives, allowing promoters within these clusters to avail themselves of various financial supports. This integration aims to lower production costs for MSMEs, making them more competitive, while also encouraging widespread industrial development throughout Haryana.Application ProcessThe application process requires IAs to submit detailed project reports through a designated web portal. This process includes obtaining necessary environmental and other statutory approvals and achieving financial closure to ensure project completion within specified timelines. Regular updates and transparent utilization of funds are mandated.Geographical Preferences in HaryanaWhile the scheme itself does not specify geographical preferences, its cluster-based approach inherently promotes balanced regional development. By encouraging the establishment of MSMEs across various parts of the state, it aims to ensure even industrial growth and leverage local advantages.SummaryThe Cluster Plug and Play Scheme under the Haryana MSME Policy 2019 facilitates the development of industrial clusters with ready-to-use infrastructure, aimed at enhancing the efficiency and competitiveness of MSMEs in the state. By providing financial assistance and modern amenities, the scheme is designed to attract more enterprises to Haryana, promoting economic growth and job creation through industrial diversification.Why Choose Rapid Consulting?? Specialized Expertise: Our team at Rapid Consulting boasts in-depth knowledge of subsidy scheme, 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 comprehensive assistance includes:? Consultation and Assessment: Rapid Consulting begins by conducting thorough consultations with MSMEs to understand their specific needs and project requirements under the Cluster Plug and Play Scheme. Through comprehensive assessment, they identify opportunities for infrastructure development and subsidy utilization.? Documentation Preparation: We assist MSMEs in preparing all required documentation for subsidy applications. This includes compiling project proposals, financial statements, and other relevant documents in adherence to the guidelines outlined by the Cluster Plug and Play Scheme.? Application Management: Rapid Consulting manages the entire application process on behalf of MSMEs, ensuring that all forms are completed accurately and submitted on time. We liaise with government agencies and oversee the submission process, streamlining the application process for their clients.? Negotiation and Follow-up: Skilled negotiators from Rapid Consulting advocate for favorable subsidy terms on behalf of MSMEs. We engage with government authorities, leveraging their expertise to negotiate the best possible outcomes and expedite the approval process.? Subsidy Disbursement: Upon successful approval of subsidy applications, Rapid Consulting facilitates the disbursement of funds to MSMEs. We ensure timely processing of payments and assist in navigating any administrative procedures associated with subsidy disbursement.? Post-Subsidy Support: Even after subsidy disbursement, Rapid Consulting continues to provide support to MSMEs. We offer guidance on utilizing the funds effectively, monitoring project progress, and addressing any post-implementation challenges that may arise.In summary, Rapid Consulting empowers MSMEs in Haryana to leverage capital subsidies of up to 50% for providing necessary infrastructure support under the Cluster Plug and Play Scheme. Our comprehensive services encompass consultation, documentation preparation, application management, negotiation, subsidy disbursement, and post-subsidy support, ensuring that MSMEs maximize their benefits and achieve sustainable growth within cluster environments.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

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