Haryana Budget Offers Financial Assistance To MSMEs For Generators’ Retrofitting

Chandigarh, Mar 18 (KNN) Haryana Chief Minister Nayab Singh Saini presented the state budget for the fiscal year 2025-26 during Monday's session of the Haryana Assembly, announcing several measures to boost industrial development and improve infrastructure across the state.

A key proposal in the budget is the new scheme offering financial assistance to small and medium industries for converting generators to clean, environment-friendly fuels and adopting retrofit emission control devices (RECD).

This initiative aims to help businesses comply with the standards set by the Commission for Air Quality Management (CAQM).

The budget reflects a strategic focus on strengthening industrial infrastructure, supporting start-ups, and promoting sustainable growth in Haryana.

Additionally, the budget proposes the extension of the Haryana AatmaNirbhar Textile Policy, which was originally set to expire in 2025, until December 2026.

Under the revised policy, the upper limit on the number of eligible projects will be removed, allowing broader participation fr0m industry stakeholders.

To facilitate industrial expansion, the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) will start registering land demands on the e-Bhoomi portal in early 2025-26 for the development of 10 new Industrial Model Townships (IMTs), similar to IMT Kharkhoda.

Farmers will have the option to participate under both the Land Pooling Policy and the Land Partnership Policy for these projects.

In alignment with the Government of India's ‘One District One Product’ initiative, the state government is implementing a ‘One Block, One Product’ program under its ‘Padma Niti’ framework.

Three industrial clusters have already been approved in Jind, Ambala, and Karnal, with plans to fast-track approvals for 10 additional clusters in the next financial year.

(KNN Bureau)