Chandigarh, April 5- In a bid to give a big push to hire local youth from the State and further to attract investment, Haryana has decided to increased the Employment Generation Subsidy under Haryana Enterprises and Employment Policy (HEEP)-2020 from Rs. 36000 to Rs. 48,000 per employee per annum for 10 years in 'B' 'C' & `D' category blocks. This increase will be fixed.

State Cabinet which met under the Chairmanship of Chief Minister, Sh. Manohar Lal here today accorded approval to a proposal regarding the same.

The Cabinet has also approved capping the Net SGST Reimbursement/Investment Subsidy at 50 percent so that the maximum Net SGST reimbursement will be 50 percent of the total net SGST paid by the investor firm.

The Employment Generation Subsidy was suggested to be provided for capacity building of State domicile skilled/semi-skilled/un-skilled employees having Haryana Resident Certificate who are earning not more than Rs. 40,000 per month as salary on payroll or contract with valid ESI/PF number. However after the Cabinet approval now this subsidy will be fixed at Rs. 48,000 per employee per annum for 10 years in 'B' 'C' & `D' category blocks.

Further, after the approval of the Council of Minister’s the change in the Quantum of SGST and Employment Generation subsidy will be applicable for industries who have gone into commercial production on or after April, 1, 2023.

While, for Industries who have already applied and are availing incentives under SGST and the Employment Generation Scheme, the quantum may remain same as earlier mentioned in the policy.

Further, the quantum of incentives under SGST and Employment Generation Scheme for Mega projects and Ultra-Mega projects approved under the Haryana Enterprises Promotion Board before April, 1, 2023 will also remain same as approved by the board.