MSME Bahali Byaj Labh Yojana Haryana 2020-21 (MSME Bahali Byaj Labh Yojana Haryana in Hindi) Registration Last Date Application Form, Eligibility, Documents
Due to the lockdown in the country due to COVID-19, economic activities are not being activated due to which the country’s economy is facing a huge crisis. In such a situation, the Haryana State Government has announced the launch of ‘MSME Restoration Interest Benefit Scheme’ to provide assistance to the micro, small and medium industrial units i.e. small businessmen of the state. Through this scheme, owners of MSME production units will be given interest exemption on the loans taken, in return for which they will have to pay salary to their employees, which will be a maximum of Rs 20 thousand. If many questions related to this scheme are arising in your mind, then read this article below till the end, you will get answers to all your questions.
Information about launch of MSME Restoration Interest Benefit Scheme (MSME Bahali Byaj Labh Yojana Haryana Launched Details)
|
name of the scheme |
MSME Restoration Interest Benefit Scheme |
|
State |
Haryana |
|
launch date |
April 30, 2020 |
|
was launched |
By Chief Minister Manohar Lal Khattar |
|
Beneficiary |
Owners of MSME production units |
|
maintenance of plan |
by Haryana Government |
|
Relevant departments |
Micro, Small and Medium Enterprises (MSME) Department |
Features of MSME Reinstatement Interest Benefit Scheme (MSME Bahali Interest Labh Yojana Haryana Features)
- Revival of MSME sector :- The main objective of Haryana Government to launch this scheme is to provide financial assistance to MSME production units.
- interest profit :- As per the guidelines of this scheme, owners of business units which come under MSME category. They will get 100% interest allowance on business loan.
- to pay wages :- Interest on loans taken by banks or financial institutions to owners to pay salaries to employees will be waived.
- meeting other expenses :-
Owners of commercial production units will be able to avail credit to meet emergency needs. - In the announcement of this scheme by the Chief Minister, it has been told that the owners of MSME production units will have to pay a maximum salary of Rs 20 thousand to the employees working in their factories.
- term of interest benefit :- The bank or financial institution by which the loan has been given will provide interest benefit to the owners of MSME units for a maximum of 6 months.
- tenure of the scheme :- The state government has also mentioned that this scheme will be active for a period of 3 months, which will be calculated from the date of official implementation of this scheme.
Eligibility Criteria in MSME Reinstatement Interest Benefit Scheme (MSME Bahali Interest Labh Yojana Haryana Eligibility Criteria)
- Production unit should be located in Haryana :- Under this scheme, the commercial production unit should be located in Haryana only, and it should be owned by a person who is a legal resident of the state of Haryana.
- Registered under MSME :- If that production organization is not registered under MSME, then the owner of that production unit will not be able to avail the benefits of this scheme.
- Eligibility to operate the unit :- Only those units which have worked for at least 90% of the days are included in this scheme. That means you will not be able to avail the benefits of this scheme from 1st February to 15th March 2020.
- Must be a production unit :- The benefit of this scheme will be provided only to organizations falling in the category of production units.
- Will also be applicable for special loan :- This interest benefit scheme will be available to MSME unit owners who have applied for either working capital credit or term loan.
Documents required for MSME Reinstatement Interest Benefit Scheme (MSME Bahali Byaj Labh Yojana Haryana Required Documents)
- Proof of Address of Production Unit :- Such documents which can authenticate the address of the production units should be furnished in it. This should be used for its verification purposes only.
- ID proof of owner :- All applicants must attach a copy of their Aadhar Card and Voter ID Card with the registration form.
- MSME Registration Certificate :-
Applicants must also have their MSME registration certificate issued by the MSME Department. - trade license :- If the commercial production unit does not have its trade license, then its owner will not be able to avail the benefit of this interest benefit scheme.
- loan related documents :- If the unit owner wants to avail credit, he will also have to submit the credit application and copies of the documents to be issued.
How to Register in MSME Reinstatement Interest Benefit Scheme (How to Register in MSME Bahali Byaj Labh Yojana Haryana)
The scheme has been recently announced by the Haryana Government. Its primary guidelines have just been published through an official press release. However, till now the date of implementation of this scheme has not been given by the Chief Minister. Apart from this, no information related to registration has been shared. Once the state government announces the information related to registration, you will get all the news on our portal.
Therefore, the introduction of this scheme will have a permanent impact on India’s economy, but the markets which have been closed for one and a half months will take time to get back on track. In such a situation, MSME units will get relief from the government through such a scheme.
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