Haryana increases employment subsidy

The subsidy has been hiked from Rs 36,000 per employee per year to Rs 48,000 for 10 years


In an attempt to promote local hiring, Haryana has hiked the employment generation subsidy.

The employment generation subsidy is meant to build capacity of state-domicile skilled, semi-skilled or un-skilled worker — possessing a valid employees’ state insurance (ESI) or provident fund (PF) number — whose income is Rs 40,000 per month or less, whether full-time workers or contract workers.

As per the Haryana Enterprises and Employment Policy-2020, the subsidy was Rs 36,000, which has now been increased to Rs 48,000 per employee per year, for 10 years in the categories ‘B’, ‘C’ and ‘D’.

The Haryana Cabinet has also given its approval to 50 per cent cap of the net state goods and services tax (SGST) reimbursement or investment subsidy.

Once the Council of Ministers has approved, the change in the quantum of the SGST and the employment generation subsidy will apply to industries that have begun commercial production on or after 1 April, 2023.

For industries that have already applied for incentives or are availing them under the SGST and employment generation scheme, there may not be any change in quantum as was followed earlier as per the policy.

Also, there will be no change in the quantum of incentives under the SGST and employment generation scheme for the mega and ultra-mega projects that were approved by the Haryana Enterprises Promotion Board before 1April, 2023.

Additionally, employees, pensioners and dependants are eligible for medical reimbursement for Ayush treatment.

Comment on the Article

Please enter your comment!
Please enter your name here

2 × two =