About Us KIP is a registered company, incorporated in 2008 to provide quality work, consultation and advisory services in the field of Accounting, Auditing and Assurance, Taxation and regulatory, Company registration, LLP formation, Project reports and Business registrations to its clients. KIP is managed by a very strong team of qualified and experienced professionals comprised of Chartered Accountants, Management Graduates and Post-Graduates.
Dear Businessman/Investors,
In Series of KIP: Business and Subsidy Update, today we are going to share with you an informative series i.e., Employment Generation Subsidy Scheme under Haryana Electric Vehicle Policy-2022 notification dated 3rd November, 2022.
The objective of the scheme is capacity building of persons belonging to Haryana (skilled/semi-skilled/un-skilled) [having Haryana Resident Certificate] and to generate employment opportunities in the State in automotive manufacturing sector for supporting Electric Vehicle manufacturing and adoption within the state. The Employment Generation Subsidy scheme for manufacturing Electric Vehicles (BEV/FCEV), major components of EVs, batteries for EVs, manufacturer of charging infrastructure shall incentivize the workers.
Subsidy @ INR 48,000/- per employee per annum for 10 years for direct employment on pay roll or contract with valid ESI/PF Number.
Employment generation subsidy shall be extended to manufacturing units established only in B, C and D category blocks, for capacity building of persons belonging to Haryana (skilled/semi-skilled/un-skilled) [having Haryana Resident Certificate]
Under this scheme incentives can avail by an entity/organisation such as Govt. Department / PSUs / Joint Ventures/ NGOs / Cooperates / Self Help Groups SHGs / Farmer Producer Organisations (FPOs) / Private Sector Companies / Partnership Firms / Proprietorship Firms etc.
The Industrial Manufacturing Units which complies with the following conditions will be eligible for availing benefits under this scheme:
The Scheme shall commence with effect from 10.07.2022 for Employment Generation Subsidy Scheme and shall remain in operation for a period of 05 years. The units which have gone into commercial production on or after 10.07.2022 shall be eligible.
For, more information on this you are requested to contact our KIP subsidy helpline on Mail –sales@kipfinancial.com and contact Number- +918683898080
KIP Financial Consultancy Pvt. Ltd.
DSB – 38, Red Square Market, Hisar – 125001 (HR)
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