Employment Generation SCHEME

Haryana's Employment Generation Subsidy Scheme: Fostering Job Creation and Skill Development

Introduction :

Haryana's impressive industrial evolution from an agrarian economy to an industrial stronghold is significantly attributed to strategic government initiatives aimed at promoting industrial growth and employment. The "Employment Generation Subsidy Scheme," introduced under the Haryana Enterprises and Employment Policy, 2020, is a cornerstone initiative designed to incentivize the creation of employment opportunities for skilled, semi-skilled, and unskilled workers from Haryana. This scheme aligns with the state's vision to ensure balanced regional development and enhance the capacity building of its workforce.

Historical Context :

Notified on July 29, 2021, the scheme is part of Haryana's ongoing efforts encapsulated in the Haryana Enterprises and Employment Policy, 2020. This policy builds on the foundational strategies laid down by the Enterprises Promotion Policy of 2015 and its successor in 2020, aiming at making Haryana a premier destination for investment and job creation.

Scheme Overview :

The Employment Generation Subsidy Scheme offers financial incentives to various categories of projects, including Ultra-Mega projects, Cluster Establishment/Relocation, and Micro, Small, Medium, Large, and Mega Projects. The scheme specifically targets new industrial units employing individuals from Haryana, offering subsidies ranging from Rs.30,000 to Rs.48,000 per person per year, across different categories for up to 7 years, promoting direct employment on payroll or contract with ESI/PF Number.

Quantum of Assistance :

The scheme provides differentiated assistance based on the category of the enterprise and the employment category (SC/Women versus General category), with the aim of supporting the employment of local residents in 'B', 'C', and 'D' category blocks. This includes customized packages for Ultra-Mega projects and specialized incentives for sectors identified as thrust sectors, import substitution, essential sector, bio energy, renewable energy enterprises, and data centers.

Eligibility Criteria :

Eligible industrial units must engage a minimum of 50% of their total employment from Haryana or comply with the State Government Act for local employment, whichever is higher. Units must also meet specific registration requirements, not be listed on the state's restrictive list, and be in commercial production to qualify for the subsidy.

Application and Documentation:

Applications for the Employment Generation Subsidy must be submitted within three months from the close of the financial year, accompanied by requisite documents including IEM/Udyam Registration Certificate, employee details, and proof of Haryana residency for employed individuals.

Procedure and Time Limits for Claims :

The scheme details a structured application process, requiring submission of claims within a specified timeframe post the financial year-end. Applications are to be scrutinized by relevant district officials, with provisions for communication and rectification of any deficiencies.

Competent Authority and Sanctioning Process :

The Director/ Director General of Industries & Commerce and the Director/Director General of Micro, Small and Medium Enterprises are designated as the competent authorities for sanctioning the subsidies, ensuring a streamlined approval process.

Appeals and Revisions :

The scheme outlines a clear appeals process, providing businesses the opportunity to contest decisions related to the subsidy claims, thereby promoting transparency and accountability.

Penalties and Recourse :

Strict penalties for fraudulent claims are in place, including repayment with interest and legal action, underscoring the scheme's emphasis on integrity and compliance.

Rapid Consulting's Role in Facilitating the Process :

Rapid Consulting offers specialized services to help businesses navigate the complexities of the "Employment Generation Subsidy Scheme" in Haryana. They provide guidance on eligibility criteria, application procedures, and compliance with the necessary requirements to secure subsidies for employment generation. Rapid Consulting ensures that businesses properly document and claim subsidies for employing residents of Haryana in various categories, maximizing their benefits while contributing to local employment growth.

Impact of the Scheme on Haryana's Industrial Growth :

The "Employment Generation Subsidy Scheme" plays a critical role in boosting industrial growth in Haryana by incentivizing the employment of local residents. By providing financial subsidies for hiring Haryana's skilled, semi-skilled, and un-skilled workers, the scheme not only reduces labor costs for enterprises but also encourages the establishment and expansion of businesses across the state, particularly in designated 'B', 'C', and 'D' category blocks. This focus on employment generation fosters a more inclusive economic growth and capacity building within the local workforce.

Future Prospects and Enhancements :

The future enhancements of the scheme could involve increasing the subsidy amounts, extending the subsidy period, or broadening the eligibility criteria to include a wider range of industries and employment types. Such improvements could further stimulate economic activities in Haryana, attract more investments, and enhance the state's competitiveness in various sectors.

FAQs?

What is the Employment Generation Subsidy Scheme in Haryana?

This scheme offers subsidies to new and expanding businesses that employ Haryana residents in various capacities, providing annual subsidies per employee to encourage local hiring and capacity building.

Who is eligible for this subsidy?

New industrial units in Haryana that hire local residents with a Haryana Resident Certificate. Eligibility varies by project size from Micro to Ultra-Mega Project and includes specific categories such as SC/Women and General.

How much subsidy can be availed under this scheme?

The subsidy amount ranges from Rs.30,000 to Rs.48,000 per employee per year, depending on the employee's category and the industrial unit's location within the state.

What is the application process for the Employment Generation Subsidy?

Applications must be submitted on the prescribed form along with necessary documents to the Director/Director General of Industries & Commerce via the department's web portal within three months from the end of the financial year.

What happens if an enterprise provides false information to claim the subsidy?

False claims can lead to severe penalties, including the repayment of the subsidy with a compound interest rate of 12% per annum, legal actions, and barring from future state incentives.

How does Rapid Consulting assist in this process?

Rapid Consulting facilitates the entire process, from application to sanction, ensuring enterprises fully benefit from the scheme with minimal hassle.

Target Sectors in Haryana :

The "Employment Generation Subsidy Scheme" is designed to support micro, small, medium, large, and mega projects in Haryana, particularly focusing on employment creation across various sectors, including thrust and essential sectors, bio-energy, and renewable energy enterprises.

Eligibility for Existing Businesses and New Ventures :

The scheme is available to new industrial units or those undergoing expansion/diversification, engaging skilled, semi-skilled, and unskilled persons from Haryana. It includes incentives for employing local residents, with higher subsidies for SC/Women categories and a significant focus on promoting employment in less economically developed areas ('B', 'C', 'D' category blocks).

Integration with Other Subsidies and Incentives :

This employment subsidy aligns with the Haryana Enterprises and Employment Policy 2020, which aims to stimulate economic growth through job creation, thereby supporting broader policy goals of regional development and social inclusion.

Application Process :

Enterprises must apply through the designated online portal within three months from the end of the financial year to claim subsidies. This process includes verification of employment details and compliance with local hiring regulations.

Geographical Preferences in Haryana :

The subsidy rates vary by geographic location, encouraging investments in backward areas to balance regional economic disparities. This strategic focus aims to develop industrial activity uniformly across the state.

Summary :

The "Employment Generation Subsidy Scheme" under the Haryana Enterprises &Employment Policy 2020 is strategically designed to foster job creation by providing financial incentives to enterprises that hire locally. This initiative not only supports economic development but also facilitates social equity by promoting employment opportunities for the residents of Haryana.

Why Choose Rapid Consulting?

Specialized Expertise:

Our team at Rapid Consulting boasts in-depth knowledge of subsidy schemes, ensuring you get the most out of your investment.

End-to-End Assistance:

From initial assessment to final application, we manage the entire process, making it seamless and hassle-free for your business.

Maximized Benefits:

We ensure that you fully leverage the financial incentives available, boosting your company's growth and profitability.

Our comprehensive services include:

Consultation and Eligibility Assessment:

We conduct detailed consultations with clients to assess their eligibility for the Employment Generation subsidy. This involves analyzing their employment plans, workforce composition, and compliance with scheme guidelines.

Documentation Preparation:

Our expert team assists in preparing all necessary documentation required for the subsidy application. This includes employee details, payroll records, ESI/PF registration documents, and other relevant information as per the scheme's requirements.

Application Management:

We manage the entire application process, ensuring all documents are completed accurately and submitted on time. Our professionals liaise with government departments to streamline the submission process and address any queries.

Negotiation and Follow-up:

We handle negotiations and follow-ups with the authorities on behalf of our clients, ensuring prompt responses to any queries or requests for additional information. Our goal is to facilitate a smooth application review process and maximize the chances of subsidy approval.

Subsidy Disbursement:

Upon approval, we assist in facilitating the disbursement of the subsidy amount to our clients. We ensure that all procedural formalities are completed efficiently to enable timely receipt of the subsidy funds.

Post-Subsidy Support :

After subsidy approval, we provide ongoing assistance to our clients. This includes monitoring compliance requirements, assisting with reporting obligations, and addressing any post-subsidy concerns.

Rapid Consulting's expertise in subsidy acquisition and post-subsidy support aims to empower manufacturing industries and clusters in Haryana to leverage the Employment Generation subsidy effectively, fostering local employment opportunities and economic growth.

How to Reach Us:

Website:

Visit our official website for detailed information, service offerings, and to schedule an online consultation.

Direct Contact :

Call us at +91-9467248028/9416506136or email info@rapidconsulting.in to discuss your needs directly with our experts.

Office Visit :

Our offices are open for in-person consultations at 134, Rapid Consulting, First floor Below Paysam Restaurant, Near Samsung Care. Lajpat Nagar, Rajgarh Road Hisar,Haryana-125001.

Here, you can meet with our consultants who can provide personalized guidance tailored to your business's specific circumstances. Engage with Rapid Consulting today to leverage their expertise in enhancing your business's financial and operational performance through the Collateral Free Credit Guarantee Scheme and other beneficial state initiatives. Whether online, over the phone, or in person, Rapid Consulting is ready to assist you in advancing your business goals in Haryana.