Cluster Plug and Play Scheme)
Dear-Businessman/Investors,
In Series of KIP: Business and Subsidy Update, today we are going to share with you an Important information regarding the extend the applicability of “Cluster Plug & Play Scheme” notified vide Notification No. 25/04/2020-4IB-I dated 24th December 2020 under “Haryana Micro Small and Medium Enterprises (MSME) Policy-2019” till 30th June-2025 or till notification at new Cluster Plug & Play Scheme under new MSME Policy comes into effect, whichever is earlier.
Objective:
The main object of the scheme to create affordable operating infrastructure for MSME units to enhance their competitiveness. To make available capital intensive common facilities like Sewage Treatment Plan, Effluent Treatment Plant (ETP), Captive Power Plant etc. to MSME units. o provide readily available common infrastructure to promote entrepreneurs for setting up of new MSMEs in the state
Quantum of Assistance:
The State Government grant will be restricted to 50% of the eligible cost of Project up to a maximum of INR 5 Crore for developing flatted factories in minimum 5 acres of land. (A variation of 10% max. is admissible in component-wise cost subject to keeping overall Project cost unchanged)
Eligibility Criteria:
- i. Implementation Agency (IA) can be Private Sector Company / Limited Liability Partnership / Proprietorship/ Societies/ Trust who will be eligible for financial assistance under the scheme.
- IA needs to bring in at least 20% of the total project cost as equity / contribution.
iii. IA needs to bring in term loan from the Bank/Financial Institution for an amount not less than 20% of the project cost.
- The land for the project shall be arranged by the IA either by purchase or on lease of at least 20 years.
- Preference will be given to the Special Purpose Vehicles (SPVs) of Micro and Small Enterprises (MSEs).
- A minimum of 10 no. of total leasable/ saleable plots/ operating facilities should be created as part of the plug and play facility.
vii. Minimum 10% of the total leasable/ saleable plots should be reserved for Start-ups and Women & SC/ST owned enterprises.
viii. Any entity / applicant which has availed financial assistance for a project under this scheme, will not be eligible to apply for another project under same scheme until one year after operationalization of earlier project.
- The same applicant / entity shall not be entitled for more than two times under this scheme.
- The promoter(s) of the facility will be eligible for availing financial assistance under other schemes of State / Central Governments for setting up of the unit(s) in these facilities(s).
- IA should not be categorized as Wilful Defaulter as per RBI guidelines.
Commencement and Applicability:
Pursuant to the notification No. 25/03/2019-4IB-I dated 26th February 2019, the Governor of Haryana is pleased to extend the applicability of “Cluster Plug & Play Scheme” notified vide Notification No. 25/04/2020-4IB-I dated 24th December 2020 under “Haryana Micro Small and Medium Enterprises (MSME) Policy-2019” till 30th June-2025 or till notification at new Cluster Plug & Play Scheme under new MSME Policy comes into effect, whichever is earlier.
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