Haryanagovernment has prepared a scheme of Investment subsidy in lieu of Net SGST to attract moreinvestorsto the state, under which projects from MSMEs and upwards will be given subsidy. Establishment of more industries is expected to create more employment opportunities for the youth.

Dushyant said that a customised package would be offered by the Haryana Enterprises Promotion Board to ultra mega projects across the state. The quantum and duration of subsidy in lieu of net SGST would be decided by this board.

For the first five years, the Industry set up in D-category would be given net SGST of 75% and 35% (maximum 125% of fixed capital investment) would be given for the next three years. Industries falling in the C-category segment would get 50% of net SGST for the first five years and 25% for next three years (maximum 100% of fixed capital investment). B-category industries engaged in this segment would be given 30% net SGST for the first five years, and 15% (maximum of 100% of fixed capital investment) for the next three years from the commencement of manufacturing of commercial products.