Haryana Textile Policy Extended: A Boost for Entrepreneurs and Dairy Sector Reforms

The Haryana government extended the Atma Nirbhar Textile Policy 2022-25 by a year and lifted the cap on Capital Investment Subsidy cases. Also, reforms were made to the dairy sector, reducing interest on delayed payments. These measures aim to enhance state investments and employment opportunities.

The Haryana government has announced an extension to the Atma Nirbhar Textile Policy 2022-25 by one year, pushing its validity to December 18, 2026. This decision follows a robust response from entrepreneurs across the state. Another key move involves lifting the cap on cases eligible for the Capital Investment Subsidy for Textile Units.

Chief Minister Nayab Singh Saini, who chaired the state Cabinet meeting, highlighted that the policy targets Rs 4,000 crore in investments and aims to generate 20,000 jobs. These moves align with India's 5F vision, aiming to enhance textile production, sustainability, and global competitiveness.

Concurrently, the Cabinet also approved reforms in the dairy sector, lowering interest from 24% compound to 12% simple per annum on delayed milk cess. This is anticipated to alleviate financial stress on milk plants, ensuring smoother industry operations.

(With inputs from agencies.)