Waste Management Scheme

Rapid Consulting aids Electronics System Design & Manufacturing (ESDM) sector firms in accessing a capital subsidy of 50% of project cost (Fixed Capital Cost), up to Rs 50 Crore, for establishing electronic waste management and e-waste recovery projects. Our specialized services streamline subsidy acquisition, enabling clients to foster sustainability and compliance while optimizing their project costs.

About the Service

Haryana's Assistance for Waste Management Scheme: Enhancing Environmental SustainabilityIntroductionThe Haryana Government unveiled the Assistance for Waste Management Scheme under the Haryana Enterprises & Employment Policy-2020, aiming to support industries in adopting sustainable waste management practices. This initiative reflects the state's commitment to promoting environmental, social, and financial sustainability while ensuring economic viability for waste management activities.ObjectiveThe scheme is designed to incentivize industries for undertaking comprehensive waste management activities, including collection, transportation, treatment, and disposal. It seeks to encourage environmentally friendly practices that are not only economically viable but also contribute to the sustainable development of the state's industrial sector.Quantum of AssistanceThe scheme offers financial assistance up to 50% of the project cost, covering land and building expenses (subject to a maximum of 25% of the project cost) and machinery & equipment, with a cap of INR 50 Crore. This support is specifically extended to projects related to electronic waste management and e-waste recovery within the Electronics System Design & Manufacturing (ESDM) sector.EligibilityEligibility for the scheme is extended to new Ultra-Mega Projects, Mega Projects, Large Industries, Micro, Small, and Medium Enterprises operating in the ESDM sector across the state. Notably, the restrictive list of industries outlined under HEEP-2020 does not apply to this assistance. Eligible units are required to have an IEM/Udyam Registration Certificate, NOC/CLU from competent authorities, and must be in commercial and regular production at the time of disbursement.Methodology for DisbursementFinancial assistance will be disbursed in three tranches, contingent upon the progress of the project:? The first tranche (25% of eligible assistance) is released after acquiring 100% possession of land and incurring 50% of the eligible project cost.? The second tranche (another 25%) is disbursed after 75% of the project cost has been expended.? The final tranche (the remaining 50%) is paid upon full expenditure of the eligible project cost, as verified through progress reports.ProcedureApplications must be submitted through the prescribed form on the department's web portal within three months of equipment installation or the scheme's notification, whichever is later. The process involves scrutiny by the District MSME Centre/Industries & Commerce, with recommendations for approval or rejection based on unit inspections.Time LimitApplicants lose entitlement for assistance if they fail to submit their claim, complete in all respects, within three months of equipment installation or from the scheme's notification date, whichever is later.Competent Authority for SanctionThe Director/Director General of Industries & Commerce/Micro, Small, and Medium Enterprises is designated as the competent authority for the sanction of subsidies under this scheme.Penal ActionFalse claims can lead to the refunding of assistance with interest at a compound rate of 12% per annum, legal action, and exclusion from any future incentives or assistance from the State Government.Rapid Consulting's Role in Facilitating the ProcessRapid Consulting offers specialized services to assist businesses in navigating the "Assistance for Waste Management Scheme" in Haryana. They help enterprises understand the eligibility criteria, guide them through the application process, and ensure compliance with the scheme's requirements to maximize financial support. Their expertise aids businesses in securing subsidies for implementing sustainable waste management solutions, promoting both environmental stewardship and economic viability.Impact of the Scheme on Haryana's Industrial GrowthThe "Assistance for Waste Management Scheme" significantly contributes to Haryana's industrial growth by incentivizing the adoption of sustainable waste management practices. By providing financial support for up to 50% of project costs, the scheme encourages industries, particularly those in the Electronics System Design & Manufacturing (ESDM) sector, to invest in eco-friendly technologies. This not only helps in reducing the environmental impact of industrial activities but also promotes cleaner and more sustainable industrial practices across the state.Future Prospects and EnhancementsLooking forward, the scheme may see enhancements such as increased funding limits, inclusion of more sectors beyond ESDM, and simplified application processes to attract a broader range of industries. These improvements could further strengthen Haryana's position as a leader in sustainable industrial development and attract more eco-conscious investments.FAQs? What is the Assistance for Waste Management Scheme in Haryana?This scheme offers financial assistance to encourage industries to adopt sustainable waste management practices, including the collection, transportation, treatment, and disposal of waste. It provides up to 50% of project costs for setting up electronic and e-waste management facilities.? Who is eligible for this scheme?Eligibility is extended to new Ultra-Mega Projects, Mega Projects, Large, Medium, Small, and Micro enterprises operating in the ESDM sector in Haryana. These enterprises must not be on the restrictive list of industries under HEEP-2020.? How much financial support can be availed under this scheme?Financial support is available at 50% of the project cost, including expenses on land, building, and machinery, subject to a maximum of 25% of the total project cost or up to INR 50 Crore.? What is the application process for the Assistance for Waste Management Scheme?Applications must be submitted through the designated web portal, accompanied by necessary documentation such as proof of expenses and project reports, within three months of the installation date or from the scheme's notification date, whichever is later.? What happens if an enterprise provides false information to claim the subsidy?Submitting false information can result in severe penalties, including the repayment of the assistance with a compound interest rate of 12% per annum, legal actions, and exclusion from future state 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 "Assistance for Waste Management Scheme" under the Haryana Enterprises & Employment Policy-2020 focuses on supporting waste management activities within the Electronics System Design & Manufacturing (ESDM) sector. This includes the collection, transportation, treatment, and disposal of electronic waste, aiming to facilitate the establishment of environmentally, socially, financially sustainable, and economically viable waste management systems.Eligibility for Existing Businesses and New VenturesThe scheme is available to new Ultra-Mega Projects, Mega Projects, Large Industries, and Micro, Small and Medium enterprises operating in the ESDM sector in Haryana. Eligible enterprises must not be on the restrictive list notified under the Haryana Enterprises and Employment Policy (HEEP) 2020, must be in commercial production, and comply with all local regulatory requirements.Integration with Other Subsidies and IncentivesThis scheme integrates with the broader Haryana Enterprises & Employment Policy 2020, focusing on sustainable industrial growth by promoting environmentally responsible waste management practices. It complements the state's initiatives by offering substantial financial assistance to cover project costs including land and machinery.Application ProcessEnterprises must apply through the specified form on the department's web portal within three months of installation or from the scheme's notification date. The process includes detailed documentation and scrutiny by district MSME centers or the Industries and Commerce department, ensuring that applicants meet all stipulated requirements.Geographical Preferences in HaryanaWhile the scheme is applicable statewide, it targets enterprises within the ESDM sector, promoting advanced technological adherence and sustainability in waste management practices across the state.SummaryThe "Assistance for Waste Management Scheme" offers significant financial assistance to support the establishment and enhancement of waste management systems within the ESDM sector in Haryana. This initiative not only aids in economic development but also ensures that industrial growth aligns with environmental sustainability objectives.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 include:? Consultation and Eligibility Assessment: We conduct detailed consultations with clients to determine their eligibility for the subsidy scheme. This involves evaluating their project plans, adherence to sector-specific regulations, and alignment with the subsidy criteria.? Documentation Preparation: Our team assists in compiling all necessary documentation required for the subsidy application. This includes project proposals, cost estimates, environmental impact assessments, and other relevant information as per the scheme's requirements.? Application Management: We manage the entire application process, ensuring accurate completion of documents and timely submission. We liaise with government departments to streamline the submission process and address any queries during the application review.? Negotiation and Follow-up: We handle negotiations and follow-ups with authorities on behalf of our clients to ensure a smooth application review process and maximize subsidy approval chances.? Subsidy Disbursement: Upon approval, we facilitate the disbursement of the subsidy amount to our clients. We ensure that all procedural formalities are completed efficiently to enable timely receipt of funds.? Post-Subsidy Support: Our support extends beyond subsidy acquisition. We provide ongoing assistance, including compliance management, reporting obligations, and any post-subsidy concerns, ensuring our clients fully leverage the benefits of the subsidy scheme.By availing themselves of this subsidy, industries in the ESDM sector can effectively manage electronic waste and contribute to environmental sustainability while optimizing their capital investment.With Rapid Consulting's expertise and support, clients can navigate the subsidy acquisition process seamlessly, ensuring compliance with regulations and maximizing the benefits of the scheme. We are committed to helping industries in the ESDM sector establish efficient waste management practices and drive sustainable growth in the electronics industry.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.