HARAYANA

Strategically located, #Haryana is a land full of opportunities with nearly one-third of the state’s area under the National Capital Region (NCR).

Historically agrarian; Haryana today is a well-developed industrial state. With strong economic indicators, Haryana has one of the highest per capita incomes, offering a number of opportunities for investors to invest and grow.

The state is one of India’s largest automobile hubs and accounts for two thirds of passenger cars, 50 per cent of tractors and 60 per cent of motorcycles manufactured in the country. The state has emerged as a base for IT/ITES and Bio-tech.

KEY INDUSTRIES / SECTORS:

Agriculture

Automobile & auto parts

Scientific Instruments

Handloom & Handicrafts

Sanitary ware & Glassware

POTENTIAL INDUSTRIES:

Food Processing

National equity Fund Scheme: Haryana Financial Corporation operates the scheme. National Equity Fund Scheme which, provides equity type of support to entrepreneurs for setting up new projects under tiny and small scale sectors. The promoter’s contribution in this scheme is 10%. HFC provides 65% as term loan and SIDBI gives assistance of 25% as soft loan towards equity basis of the project. The project cost should not exceed Rs.10lacs.

Enterprise Promotion Policy 2015: The focus of the policy is on enhancing the ease of doing business in Haryana and makes it an investment hub. It also lays emphasis on nurturing entrepreneurship and creating self employment opportunities for all.

E-Max Group of Institutions: ENTREPRENEURSHIP DEVELOPMENT PROGRAM – The programme content includes classroom training on essentials of entrepreneurship survey of the prevalent socio – economic scenario, identification of business opportunities, role and function as well as schemes of assistance offered by various constituents of the support system, preparation of a technically feasible and economically viable project report.

Regional Centre of entrepreneurship Development: RCED is a recognized institute of various government departments and state governments that aims to provide training and other assistance to the entrepreneurs.

Centre for Entrepreneurship Development: The major activity of the center is to organize EDP’s of various durations on regular basis to create new entrepreneurs by cultivating their latent qualities of entrepreneurship and in lighting them on various aspects necessary for set up micro and small enterprises.

In Summary – Haryana and Entrepreneurship:

With its new industrial policy that focuses on bringing transparency and structural as well as procedural reforms to facilitate entrepreneurs, Haryana is well on its way to become a sought after economy for both entrepreneurs and investors. This boost will further result in higher productivity and profitability for existing entrepreneurs as well.

To know more about how Haryana is building a vibrant entrepreneurship ecosystem, click here.

Data Sources for Haryana:

Note: Policy details provided here are for the purpose of information only. Please verify the latest information from the relevant Government or MSME website of the state. Other data and information is curated from various websites and public documents. In case you have any corrections, additions, or suggestions, please share the same with us, and we’ll be happy to incorporate them here.