Haryana Footwear & Accessories Scheme: Comprehensive Guide to Incentives and Benefits

Introduction

The Haryana Footwear & Accessories Scheme aims to position Haryana as a leading hub for the footwear and accessories industry by enhancing infrastructure, promoting innovation, and providing a range of incentives to investors and stakeholders in the sector.

Objectives

• Attract investments in the footwear and accessories sector.
• Generate employment opportunities across the state.
• Promote sustainable and eco-friendly manufacturing practices.
• Enhance skill development and capacity building in the sector.

Financial Incentives

1. Capital Investment Subsidy

• Up to 35% subsidy on Fixed Capital Investment (FCI), with a maximum limit of Rs10 crore.
• Applicable to new and expansion projects in the footwear and accessories sector.

2. Interest Subsidy

• 5% interest subsidy on term loans for a period of 5 years.
• Maximum limit of Rs1 crore per annum.

3. Stamp Duty Reimbursement

• 100% reimbursement of stamp duty on land meant for industrial use.
• Applicable after commencement of commercial production within 5 years from the date of purchase of land.

4. Employment Generation Subsidy

• Rs48,000 per year for SC/Women employees and Rs36,000 per year for general category employees.
• Applicable for 7 years, subject to a minimum of 50% employment from Haryana domicile.

5. Electricity Duty Exemption

• 100% exemption for a period of 10 years.
• Applicable to units in 'B', 'C', and 'D' category blocks.

Infrastructure Development

• Development of dedicated clusters and parks for the footwear and accessories sector.
• Provision of common facilities like testing labs, design centers, and training institutes.

Skill Development Support

• Subsidy of 50% of the total project cost, subject to a maximum of Rs2 crore, for setting up common facilities for training in the footwear and accessories sector.
• Applicable to a group of 5 MSMEs.

Policy Duration

• The Haryana Footwear & Accessories Scheme is effective from December 1, 2022, and will remain in force for a period of 5 years or until a new policy is introduced.