Haryana Deputy Chief Minister Dushyant Chautala on Monday said that the State Government has prepared a scheme of ‘Investment Subsidy in lieu of Net SGST’ in order to attract more investors in the state.

Under this, projects from MSMEs will be given subsidy. With the establishment of more industries, EMPLOYMENT opportunities will be directly enhanced for more youth of the state, Dushyant said.

The Deputy Chief Minister, who also holds the portfolio of Industries and Commerce Department, said that the ‘Haryana Enterprises and Employment Policy, 2020’ has been formulated by the with the main objective to make the state a major Investment-destination and to facilitate balance between regional and Sustainable Development through an energy efficient Governance system.

He further said that in cases where ‘Net SGST’ under cash ledger is less than 5 percent of Fci in a year, a subsidy of up to 5 percent of FCI will be given in equal annual installments for a period of 8 years. In this also, there will be an annual limit of maximum Rs. 5 crore for a mega project, he said.