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Dear Businessman/Investors, Welcome in KIP’s Blog, today we are going to share with you a New Subsidy Policy i.e., “Subsidy benefits avail Haryana Electric Vehicle Policy, 2022”.
There is various schemes for the benefit to private sector which helps in cost reduction to setup the electric vehicles manufacturing units. The schemes provide the assistance for the payment of stamp duty, electricity duty fees and many other subsidy benefits as launched by the Government of Haryana.
Subsidy benefits avail Haryana Electric Vehicle Policy is notified on 8th July, 2022 and come into effect on 10th July, 2022 which provide the various subsidy to set up the manufacturing unit of EV or electric vehicle components. The scheme is valid for next 5 years
The Quantum of Assistance as under would be provided in the State as per the given below terms:
Subsidy @100% of electricity duty for the period of 20 years.
Reimbursement of 100% stamp duty on purchase /lease of land/shed/buildings to be used for manufacturing Electric Vehicles, major components of EVs, batteries for EVs and charging infrastructure.
Subsidy @ Rs 48,000/- per employee per annum for 10 years for direct employment on pay roll or contract with valid ESI/PF Number 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.
Any individual or entity are eligible to get the benefit under this scheme who commenced the business on or after 10.07.2022. The eligible enterprise should comply with the conditions as follow:
The application window shall be open from 10.07.2022 till 2027. Any entity can apply for this scheme.
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.
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