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Labour Laws Haryana Ministry of Commerce and Industry Haryana Labour Welfare Fund Act, 1965

The Government of Haryana introduced State Renewable Energy Scheme to promote the implementation of renewable energy-based industrial applications in MSME sectors

12-Jul-2023 | No. 02/08/2023-1IB-II

The Government of Haryana introduced State Renewable Energy Scheme for promoting the implementation of renewable energy-based industrial applications in Micro, Small and Medium Enterprises (MSME) sectors, aligning with the global mission to increase renewable energy resource utilization and reduce dependence on fossil fuel-based energy sources. By virtue of this scheme, the State Government shall provide interest subsidy on term loan for renewable technology at the rate of 5%, up-to a maximum of INR 10 lakh per year for three years, to an eligible industry.
Eligibility criteria include existing MSME units in Haryana who have filed Haryana Udhyam Memorandum (HUM) and have availed term loans for new renewable energy technology applications from Nationalized or scheduled Commercial banks/Financial Institutions under RBI regulations
For further details refer to the document attached.

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