Aiming to attract investments of over `1 lakh crore and creating four lakh jobs in the State, the Haryana Government on Tuesday rolled out its much-awaited industrial policy —“Enterprises Promotion Policy 2015”.

To attract new investments, the State Government has announced fiscal incentives including VAT refund, stamp duty refund, interest subvention, power tariff rebate among others amounting to `1,000 crore. Apart from this, `1,000 crore fund for collateral free loans for MSMEs has been proposed in the new policy.

The State Government has proposed a Financial Incentives and No Enhancements Scheme (FINE) which would make industries competitive wherein steps would be taken to reduce cost of doing business. Also, no enhancement will be charged to allottees of HSIIDC within case of allotments to be made in future.

“Enterprises Promotion Policy 2015” envisages ease of doing business, enhancing competitiveness of the industry, laying special focus on manufacturing and services enterprises, especially balanced regional growth and MSMEs,” said the Chief Minister Manohar lal while addressing a press conference after the state Cabinet meet.

Under the policy, the Government has introduced self-certification and third-party verification where a government panel would be made available and other permissions would be time-bound. The new policy is also designed to tackle the ramifications of the exit of the CST and the introduction of the GST across the country.

A system of online clearances will be put in place by creating an e-biz Haryana portal starting from October 1. The Government has identified 68 most critical services for industries which will go online on eBiz portal by December 31.

The Chief Minister said Haryana Enterprise Promotion Board (HEPB) will be created and the Board will have a Governing Council headed by him and comprises Cabinet Ministers for overseeing time bound clearances, sanctioning special packages for mega projects and clearing further policy initiatives.

Under the policy, the state has been divided into four categories of Development Blocks viz. A, B, C and D for incentive support.  The State Government has proposed to provide power tariff subsidy at a rate of Rs two per unit only for Micro and Small Enterprise in 'C' and 'D' category blocks for 3 years from the date of release of electricity connection.

Panchayat land wherever available will also be made available on long term lease for entrepreneurs and industrial units located in Rural Functional Clusters, said Manohar lal.

Apart from this, there will be Global Economic Corridor along Kundli–Manesar–Palwal Expressway for theme clusters- tourism, entertainment and industrial etc.

When asked about the status of existing industries, Manohar lal said that for the benefit of existing industrial units and to minimize pending litigations, all the departments especially Excise and Taxation, Industries, labour, Environment, Power etc. will bring out of court settlement schemes within a period of three months. And, all the Policy proposals will have to be notified by concerned department in one month from the date of release of this policy.

Talking about the policy, Haryana Industries Minister Capt. Abhimanyu said, “The policy will change restrictive environment to facilitating environment and red tape to red carpet treatment for the industries in the state.”