Electronics Manufacturing Subsidy in Haryana

Listed below are some of the features of Electronics Manufacturing Subsidy in Haryana that are offered to businesses in the electronics manufacturing industry of the state

• 100% Reimbursement of Stamp Duty ‘B’, ‘C’ and 'D' category blocks after commencement of commercial production within 5 years from the date of purchase of land.
• 50% for 10 years in B, C, D Blocks and for 5 years in A Block with a cap of 100% of FCI.
• Exports- 1% of Free on Board (FOB) value or actual freight excluding government fee and taxes on transportation of goods from place of manufacture to the seaport/ air cargo/ by road up to international border, whichever is less and maximum up to Rs 10 lakh in ‘C’ and ‘D’ category blocks and Rs 5 lakh in ‘A’ and ‘B’ category blocks per annum.
• Imports- 1% of Free on Board (FOB) value or actual freight excluding government fee and taxes on transportation of goods from place of manufacture to the seaport/ air cargo/ by road up to international border, whichever is less and maximum up to Rs 10 lakh in ‘C’ and ‘D’ category blocks and Rs 5 lakh in ‘A’ and ‘B’ category blocks during the operative period of the policy. Only those raw materials imported will be eligible under this for which customs duty has been exempted by the Ministry of Finance (GoI).

The additional information regarding the Electronics Manufacturing Subsidy in Haryana in the electronics manufacturing industry is written below.

• The cumulative incentives for ESDM Unit or Park shall be subject to a ceiling of 125% of Fixed Capital Investment (FCI).
• Large and Mega units availing additional support under the first point of program name will be eligible only for ‘Net SGST Reimbursement’ or ‘Haryana State Production Linked Incentive’ under ‘Asset Development Subsidy’ category. The overall ceiling for incentives under this head along with asset Development Subsidy will be subject to a ceiling of 100% of FCI or Rs 300 Crores, whichever is less.
• Beneficiaries of schemes under ‘Programme for Semiconductor and Display Fab Ecosystem’ are eligible for 50% additional benefit (of the benefit availed under the GoI scheme) under this policy-
  • Large & Mega units availing additional support under this head will be eligible only for ‘Haryana State Production Linked Incentive’ or ‘Net SGST Reimbursement’ under ‘Asset Development Subsidy’ category. The financial assistance will be limited to Rs 300 Crores or 100% of FCI, whichever is less.
  • Overall ceiling for incentives under this head along with Asset Development Subsidy will be subject to a ceiling of 100% FCI or Rs 300 Crores, whichever is less.
• The units shall be eligible for employment generation subsidy of Rs 48,000 per year per employee (only in case of direct employment on payroll with valid ESI/ PF Number and total monthly remuneration of up to Rs 40,000) for a period of 10 years (skilled/ semi-skilled/ unskilled) having Haryana Bonafide Resident Certificate (Haryana Domicile Certificate).
• Reimbursement of the expenses incurred towards the credit rating to the extent of 75% subject to a ceiling of Rs 2 lakh for MSMEs carried out by SEBI accredited credit rating agencies, i.e., CRISIL, ICRA, CARE, SMERA, Fitch India, and Brickwork Ratings, etc. or credit rating agencies empanelled by SIDBI. Units shall be eligible for reimbursement once during the validity period of the policy.
• 100% reimbursement of Stamp Duty for purchase/ lease of land.
• 75% of the cost goes towards space charges, shipment of exhibits, cost of product literature, display material, stall/ stand construction/ fabrication/ designing charges or maximum up to Rs 4 lakh and airfare by economy class up to Rs 1 lakh (maximum 2 persons) for international fairs/ events/ exhibitions.
• 75% of the cost towards space charges, shipment of exhibits, cost of product literature, display material, stall/ stand construction/ fabrication/ designing charges or maximum up to Rs 3 lakh and airfare by economy class up to Rs 0.5 lakh per person (maximum 2 persons) and boarding charges up to Rs 5000/ per day per person (maximum 2 persons).