In a bid to promote the ease of doing business, the Haryana State Industrial & Infrastructure Development Corporation limited (HSIIDC) has decided to provide relief in payment of interest and penalties to such allottees who want to clear the entire outstanding enhanced cost at one go.
The decision was taken in a meeting of Board of Directors of HSIIDC chaired by Rajesh Khullar, Principal Secretary to Chief Minister.
Giving more details, Raja Sekhar Vundru, Managing Director, HSIIDC, said that interest on outstanding amount on account of enhanced compensation under this scheme would be frozen up to July 31, 2017. The penal interest upto 3 per cent will be waived in time slabs of payment. If the allottee pays within 15 days, the waiver will be 100 percent; in case the payment comes in 16 to 30 days, the waiver will be 75 percent and it will be only 50 percent if payment comes in the last 31 to 45 days.
The benefit of offer for clearance of outstanding amount is granted by freezing the interest up to July 31, 2017. The penal interest waiver scheme will be open only for such allottees as opt to clear the entire outstanding amount at one go within the respective number of days, he said.
The scheme will be effective from February 1, 2018. Any amount paid in pursuance of the scheme not amounting to full payment will not be refunded but will be adjusted against the amount outstanding from the allottee as per normal procedure, said Vundru.
The scheme will be operated at the corporate office level at Panchkula. The Corporation has appointed SB Kaushik, Assistant General Manager, nodal officer for smooth and effective implementation of the scheme.
Evolved to improve Corporation’s interface with clients and provide more comfort to the allottees, the scheme is a step towards promoting the ease of doing business in the State.
The relief in payment of interest and penalties has been necessitated by the challenging economic scenario and aims at providing relief to the entrepreneurs, Vundru added.