3rd ASSOCHAM MSME Samvaad: Haryana to allocate Rs 1,000 crore to nurture entrepreneurship, says Dushyant Chautala

CHANDIGARH: Haryana will allocate around Rs 1,000 crore in the upcoming state budget as a part of new innovative incentives, setting up incubation centres and assistance for loans — all aimed at fostering balanced regional development and nurturing entrepreneurship among youth in the state — deputy chief minister Dushyant Chautala said on Friday.
Addressing the 3rd ASSOCHAM Haryana MSME Samvaad held in Gurgaon, Chautala said that the state government’s vision is to “transform Haryana into the most competitive and favoured investment destination”.
“Haryana MSME (Micro, Small and Medium Enterprises) sector also has to attract investment of over Rs 1 lakh crore and generate five lakh jobs in the state aimed at laying the foundation of Aatmanirbhar Bharat,” he said.
Chautala said that the MSME sector in Haryana has witnessed remarkable growth, with a staggering 2,81,024 new manufacturing units registered in the past five years alone.
"This has created more than 15 lakh jobs and has propelled Haryana to the top spot among all northern states, contributing significantly to the state's GDP and employment,” he pointed out.
The deputy CM said that Haryana's commitment to sustainability, technological advancements, and export-led growth has solidified its status as a prominent textile manufacturing and trade hub.
He said that the establishment of a dedicated project management unit (PMU) in Haryana showcases the government's unwavering commitment to bolstering and empowering small and medium enterprises (SMEs) within the MSME ecosystem.
Through this proactive initiative, the Haryana government addresses the challenges faced by SMEs and fosters an environment conducive to their growth and success.
“The PMU will streamline processes, provide technical assistance, facilitate access to finance, and promote entrepreneurship, catalysing the growth of MSMEs and contributing to our state's economic development and prosperity,” he added.
Haryana Renewable Energy Development Agency chairman Swatantra Kumar Singal said that "conducive policy regime and adoption of energy conservation measures will help MSMES to produce cost effective products".
ASSOCHAM Haryana Development Council chairman Vijay Sharma said that Haryana has a huge potential to become the hub of MSMEs not only in India but at the global level.
“Today’s deliberations, which focussed on making Haryana a preferred investment destination, strengthening digital ecosystem and unlocking new schemes for MSMEs in the state would go a long way in scaling the greater heights of success by MSMEs in the state,” he said.