Haryana Cabinet which met under the Chairmanship of Chief Minister Mr Manohar Lal here today approved the Haryana Micro Small and Medium Enterprises (MSMEs)

February 05, 2019
  • Chandigarh Feb 4- Haryana Cabinet which met under the Chairmanship of Chief Minister Mr Manohar Lal here today approved the Haryana Micro Small and Medium Enterprises (MSMEs) Policy 2019 with an aim to create globally competitive MSMEs in Haryana.
  • The objectives of the policy are to promote balanced regional development through geographical dispersal of industry, increase the competitiveness of the MSMEs through cluster development and adoption of quality manufacturing practices, facilitate MSMEs in accessing domestic and export markets, provide a conducive eco-system for promotion and growth of MSMEs in the thrust sectors of Haryana, enable access to finance to MSMEs, promote entrepreneurship through start up and incubation support, support for revival of sick enterprises and enhance competitiveness through ease of doing business.
  • The policy also aligns itself with major national initiatives like Make In India, Skill India, Digital India and Start-up India and also takes cognizance of ease of doing business initiatives and reform measures taken by the Central and state governments.
  • Under the policy, the State has been divided into 4 categories of development blocks viz. A, B, C and D with a varying degree of industrial development. In category D, there are no large and medium enterprises but being offered the best incentives to hasten the process of industrial development for improving the regional economy.