Haryana government extends textile policy to December 2026

Chandigarh (PTI) March 25 (PTI) was inspired by the overwhelming reaction of entrepreneurs across the state, and the Haryana government has decided to extend the Atma Nirbhar textile policy 2022-25 to December 18, 2026.

In addition, the government has decided to remove the number of cases in textile units planned capital investment subsidy cases as part of the policy. The decision was made at a national cabinet meeting held under Chief Minister Nayab Singh Saini, the official statement said.

Notice of “Haryana Atma Nirbhar Textile Policy 2022-25”. ₹4,000 crore employment generated 20,000 people for three years.

The policy aims to enhance the textile industry by building modern infrastructure, adoption of cutting-edge technology, and promoting efficient and sustainable production practices to enhance entrepreneurial competitiveness.

The statement said the textile policy is in line with the 5F vision of the Indian government – farm to fiber to factory to foreign fashion.

In order to provide financial assistance in accordance with Haryana Atma Nirbhar Textile Policy 2022-25, a number of incentive plans have been formulated, including capital investment subsidies for textile units, interest subsidies plans, investment subsidies instead of net SGST.

Haryana ATMA NIRBHAR Textile Policy 2022-25 has achieved very successful success among national entrepreneurs and has attracted investment in multiple unique projects throughout the textile industry sector.

Since the time of notification, 354 applications have been received until all programs, of which 108 have provided grants. ₹It said 3.6751 million have been approved.

The number of cases eligible for incentives under the capital investment subsidy of textile unit programs has been cancelled, which will greatly promote the key objectives of attracting value-oriented investments ₹The statement said Rs 40,000 crore and created jobs for 20,000 people.

In another decision aimed at promoting the state’s dairy sector, the cabinet approved amendments to subrules (1) and (2) of Haryana Murrah Buffalo Rule 21, as well as other Milch animal breed rules in 2002.

The statement said the decision would reduce interest on delaying milk payments, including fines, from compound interest of 2% per month (24% per year) to simple interest of 12% per year.

Haryana Dairy Association and dairy plant owners have sought to modify existing rules to ease the economic burden of dairy plants across the state.

It said the amendment will have a significant impact by reducing financial pressure in the milk processing industry, ensuring smoother operations and promoting growth in the dairy industry.

Under the new rules, any delayed fee or tax payments, as well as any penalty, will start from the payment date, attracting simple interest at a rate of 12% per year. The amount of default is only deemed to have been paid after the principal and interest is paid.

By another decision, the Cabinet approved the classification of positions under the municipalities across the state, “Group A, B, C and D”, following the model of other government departments.

This classification will simplify the recruitment process, enhance service equality, and improve consistency in municipal administration.

The statement said the move will not only ensure parity between municipal employees and employees in other government departments, but will also promote the application of government directives, including retaining promotions.

Meanwhile, in view of the recommendations received from different stakeholders, the Cabinet also approved an amendment to the Haryana settlement plan to restore the reimbursement of the dues of 2025′.

The revised plan is primarily intended to benefit small taxpayers.

Under the plan, applicants with accumulated outstanding taxes ₹1 million for all years according to the relevant behavior ₹10,000.

It is worth noting that small traders have high debt scores, which is more ₹With 1 million, they will be able to take advantage of the program’s benefits.