It is interesting to note that Haryana has been included in the top achievers category in the fifth edition of ‘State Ease of Doing Business’ released by the Ministry of Commerce and Industry on June 30, 2022. This is mainly due to the government’s business-friendly policies. In fact, as far as ease of doing business goes, Haryana topped the Northern States. And, the Haryana government has encouraged entrepreneurs to invest in the state.
The Industrial and Investment Policy of 2011 provides a wide range of economic and policy incentives for businesses. It also includes sector-specific policies, particularly in the IT and tourist sectors. The Haryana State Industrial and Infrastructure Development Corporation Ltd (HSIIDC) is the state’s principal industrial development and investment facilitation organisation, that is responsible for ensuring that entrepreneurs investing in the state have access to reliable and efficient facilities.
So, to achieve consistent economic growth, the state has gone forward and introduced a number of initiatives to develop the industrial infrastructure.
Here are some government schemes and incentives for women entrepreneurs.
> Pradhan Mantri Mudra Yojana (PMMY)
Women are major beneficiaries of Mudra scheme in Haryana. It is significant that when it comes to realising and nurturing the dream of entrepreneurship, women in Haryana have outpaced their male counterparts. According to data, 70% beneficiaries of Pradhan Mantri Mudra Yojana (PMMY) were women in the state in 2019. The flagship scheme of the government offers affordable and collateral-free loans up to Rs 10 lakh – to start a business under different categories.
The loans are given by banks, small finance banks, non-banking financial companies (NBFCs) and microfinance institutions. The scheme aims to strengthen the value chains anchored by industries, aggregators, franchisers and associations.
> Matrushakti Udaymita Scheme
Haryana government has announced Matrushakti Udaymita Scheme in March 2022 – to provide support to women entrepreneurs, on International Women’s Day. Under the scheme, those women whose family annual income is less than Rs 5 lakh, based on Parivar Pehchan Patra (PPP) verified data, will be provided access to soft loans by financial institutions to the extent of Rs 3 lakh. Subsequently, the interest subvention of 7% will also be provided for three years through the Haryana Women Development Corporation.
> Emergency Credit Line Guarantee Scheme (ECLGS)
Union Finance Minister Nirmala Sitharaman, in her Budget 2022 speech, announced the extension of Emergency Credit Line Guarantee Scheme (ECLGS) till March 2023. While presenting her fourth Budget, she said the cover of the scheme will be expanded by 50,000 crore to 5 lakh crore. Plus, an additional amount has been earmarked exclusively for hospitality-related sectors; and the government will take steps to make the MSME (Micro, Small and Medium Enterprises) sector more resilient. The government had launched the scheme, keeping in mind the Covid-19 pandemic – to provide credit facilities to business enterprises, small and medium businesses (MSMEs). The scheme provides 100 per cent guarantee coverage for additional working capital term loans up to 20 per cent of the outstanding credit.
> Haryana Women Development Corporation
This corporation was set up in the year 1982 and the women wing was introduced in 1987. The main objectives of this corporation are – to promote activities for welfare, development and advancement of women, to undertake the task of socio-economic, health and educational awareness among women, to promote literacy, talent, skill, know-how, health awareness, enterprises, spirit of entrepreneurship and business acumen among women, and to identify trades, occupation, profession and industries which can be taken up by women and training them in desired directions.
The corporation gives loans to SHGs and other individuals at a rate of 5% per annum interest. It receives loan from Rashtriya Mahila Kosh at a rate of 8% per annum interest.
> State Mini Cluster Development Scheme
As per the Enterprises Promotion Policy, 2015 the Governor of Haryana formulated the State
Mini Cluster Development Scheme for promotion of Micro & Small Enterprises in the State of
Haryana. The background was that the State Government adopted the ‘cluster’ development
approach as a key strategy for enhancing the productivity and competitiveness as well as
capacity building of Micro & Small Enterprises (MSEs) in the State.
The objectives of the Scheme was – to support the sustainability and growth of MSEs by addressing common issues such as improvement of technology, skills and quality, market access, access to capital, etc; to build capacity of MSEs for common supportive action through formation of self help groups, consortia, upgradation of associations, etc; to set up common facility centres (for testing, design, R&D training centre, effluent treatment, complementing
production processes, etc).
> Individual Loan Scheme Subsidy to Women for Self Employment, HWDC, Haryana
This service is to apply for Individual Loan Scheme Subsidy to Women for Self Employment ,
HWDC from Haryana Women Development Corporation. This is a G2C service.
> Mahila Mandals
The promotion and strengthening of Mahila Mandals is very evident here. The village women make groups and undertake activities of development and awareness generation in rural areas. The registered Mahila Mandals enjoy their own constitution and by-laws for the conduct of day to day business. All registered Mahila Mandals select a range of activities they take up and to conduct these activities they get assistance from the Gram Sevikas, Mukhya Sevikas and Lady Circle Supervisors under Women Awareness Programmes.
> Individual Loaning Scheme through Banks
Haryana Women Development Corporation is implementing the Individual Loan Scheme. The conditions are favourable for women whose annual income does not exceed Rs. 1.50 lac per annum and whose spouse/parents are not income tax payers are eligible for assistance for economically viable projects in the following manner and the total cost of which should not exceed Rs. 1.50 lakh.Subsidy 25% (Subject to maximum of Rs. 10000/-) for other categories and subsidy 25% subject to maximum of Rs. 25000/- for SC Categories w.e.f. 15-11-2019. Earlier it was only 10% (subject to maximum 5000/-) for all categories. Beneficiary Share 10% and Balance loan amount from Commercial/Nationalized Banks.
> Start-Up Village Entrepreneurship Programme (SVEP)
Start-Up Village Entrepreneurship Programme (SVEP) is propelling enterprises in rural areas and also building rural entrepreneurs. SVEP has extended business support services and capital infusion to 153 blocks of 23 states; as of August 2020, around 1 lakh enterprises are being supported, out of which 75% are owned and managed by women. The primary aim of this programme is to provide capital and technical support to rural enterprises. The programme intends to provide assistance to over 1 crore (10 million) formation and strengthening of about 1.82 lakh village enterprises in 125 blocks across 24 states. This phase is expected to generate employment for around 3.78 lakh people.
Start-Up Village Entrepreneurship Programme (SVEP) is implemented by Deendayal Antyodaya Yojana –National Rural Livelihoods Mission (DAY-NRLM), Ministry of Rural Development, as a sub-scheme since 2016. With an objective to support the rural poor come out of poverty, supporting them setup enterprises and provide support till the enterprises stabilize, SVEP focusses on providing self-employment opportunities with financial assistance and training in business management and soft skills while creating local community cadres for promotion of enterprises.
SVEP addresses three major pillars of rural start-ups namely – finances, incubation and skill
> Scheme for Assistance for Start-ups in the State
Haryana Government launched a financial assistance scheme to inspire & encourage entrepreneurs to initiate new start-ups and provide employment opportunities in the State. As notified by the State Government under the provisions of its Haryana Enterprises and Employment Policy 2020, the Scheme for Assistance for Start-ups in the State provides financial help – in the form of lease rental subsidy up to Rs 5 lakh, seed grant of up to Rs 10 lakh, 100 percent net SGST reimbursement for 7 years among other incentives to improve start-ups-ecosystem in the Haryana.
Earlier, State Government had launched Haryana Enterprises and Employment Policy 2020 aimed at generating 5 lakh jobs, attracting investments over Rs 1 lakh crore, doubling the exports to Rs 2 lakh crore, and strengthening supply chain facilities and infrastructure across 22 districts.