Haryana Electric Vehicle Policy, 2022
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Dear Businessman/Investors, Subsidy under Haryana Electric Vehicle Policy, 2022
This scheme is notified on 8th July, 2022 and provide the various subsidy to electric vehicle manufacturers, charging stations etc. The scheme is valid for next 5 years. The purpose behind the policy is to promote clean transportation, reduction of pollution, ecosystem for manufacturing of electric vehicle and also lead to employment generation.
Under this Scheme, Government also encourage the private sector to invest in this units and also provide the financial assistance to reduce the cost burden to the private sector, the electricity on concession rate to the manufacturing units and other various benefits under this scheme as mentioned below.
Beneficiary of this scheme:
1. Manufacturer of Electric Vehicle and its components.
2. Charging station infrastructure
Financial Assistance/Subsidy/Benefits Available in Haryana Electric Vehicle Policy, 2022 :
The Quantum of Assistance as under would be provided in the State as per the given below terms:
A. For Manufacturing of Electric Vehicle and its components:
i. Capital subsidy of Fixed Capital investment (FCI) in the following manner:
25% of FCI up to maximum of Rs 15lakh for Micro industries only for first 20 units.
20% of FCI up to maximum of Rs 40lakh for Small industries only for first 10 units.
20% of FCI up to maximum of Rs 50lakh for Medium industries only for first 5 units.
10% of FCI up to maximum of Rs 10Crore for large industries only for first 2 units.
ii. Seed and Conversion fund:
One time support for existing units converting into EV manufacturing, battery manufacturing @ 25% of plant and machinery maximum up to Rs 2 Crore for first 30 units of Micro level and first 15 units of Small, Medium and Large level.
iii. Reimbursement of Net SGST:
Reimbursement of 50% of applicable Net SGST for a period of 10 years subject to maximum 100% of FCI.
Note: The unit availing the capital subsidy as mentioned above will not entitled to get the benefit of Reimbursement of Net SGST subsidy.
iv. For Stamp duty:
100% of stamp duty and transfer duty paid on purchase/ lease/ mortgages/hypothecation of land/shed/ building will be reimbursed.
v. Other incentives in relation to Employment Generation, electricity duty, power tariff, from the date of commencement of commercial production.
B. For Charging Stations in Haryana Electric Vehicle Policy, 2022:
Capital subsidy of Fixed Capital Investment in the following manner:
20% of FCI up to maximum of Rs 10lakh for first 100 Battery swapping station having FCI of more than Rs 50 lakh.
20% of value up to maximum of Rs 5 Lakh for first 200 private owned public charging station having FCI of more than Rs 25 Lakh.
So if you are going to plan for set up a New Business Unit then You should plan and kept on mind the above said policy.
If you want to start this business, KIP will help you in Detailed Project Report. In this report we will help our client in Bank Financing and help them to avail maximum subsidy benefit.
Not only on this business, KIP will help you in different businesses for DETAILED PROJECT REPORT, Consult at 8683898080.
We will also prepare SUBSIDY VIABILITY REPORT, in this report we will tell number of subsidies applicable on single business. If you want to start new business you must know applicable subsidies on particular business.
Fill this form for SVR- https://forms.gle/rwGVoW2ESFU3vWw28
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