Haryana approves new SME rejuvenation scheme

In order to enhance the competitiveness of small and medium enterprises (SMEs) in Haryana, the Faridabad Small Industries Association (FSIA) has drawn up a proposal. It was chalked out under the Industrial Infrastructure Upgradation Scheme (IIUS) launched by the Department of Industrial Policy and Promotion (DIPP) of the Union commerce and industry ministry. The proposal, submitted to the Haryana government, has been approved by the state government and forwarded to the Centre.

Rajive Chawla, president of the FSIA and director of India SME Technology Services Limited, said that a ‘Centre of Excellence’ would be set up under the scheme. The CoE will be a one-stop solution for all SMEs in the region, offering solutions in all spheres.

The combined investment in the project is Rs 40 crore, and it will be shared by the industries association, the state government and the Central government. The CoE will provide information related to MSME schemes, access to credit facilities and so on.

Around 18,000 units in Faridabad, Paliwal and Gurgaon, which are part of the automobile and light engineering goods sector, are expected to benefit through the setting up of the CoE. Chawla said that taking a cue from FSIA, other clusters in Haryana could also take advantage of the various MSME schemes being offered by the ministry of commerce and industry.