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
- Capital Investment Subsidy
- Up to 35% subsidy on Fixed Capital Investment (FCI), with a maximum limit of ₹10 crore.
- Applicable to new and expansion projects in the footwear and accessories sector.
- Interest Subsidy
- 5% interest subsidy on term loans for a period of 5 years.
- Maximum limit of ₹1 crore per annum.
- 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.
- Employment Generation Subsidy
- ₹48,000 per year for SC/Women employees and ₹36,000 per year for general category employees.
- Applicable for 7 years, subject to a minimum of 50% employment from Haryana domicile.
- 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 ₹2 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.
