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Haryana CM holds ‘Vivaadon Ka Samadhan’ with industrialists

The Haryana government’s unique initiative of ‘Vivaadon Ka Samadhan’ on Friday turned into a Holi bonanza for industrialists owning Haryana State Industrial and Infrastructure Development Corporation Limited (HSIIDC) plots as the Chief Minister Manohar Lal, while presiding over a meeting with industrialists held late evening, announced major relief in outstanding payment of interest and penalties. […]

The Haryana government’s unique initiative of ‘Vivaadon Ka Samadhan’ on Friday turned into a Holi bonanza for industrialists owning Haryana State Industrial and Infrastructure Development Corporation Limited (HSIIDC) plots as the Chief Minister Manohar Lal, while presiding over a meeting with industrialists held late evening, announced major relief in outstanding payment of interest and penalties. Deputy Chief Minister Dushyant Chautala and Minister of State for Labour and Employment Department Anoop Dhanak were also present in the meeting. 

The Chief Minister announced that the State Government has decided to introduce a settlement scheme for clearance of entire outstanding dues which will benefit over 2250 industrialists.

As per the announcement, if the industrialists pay outstanding plot cost and enhanced cost in one go with a 25% waiver on overdue interest and 100% waiver of penal interest and by freezing the interest liability up to 31 March 2021, provided the entire balance amount is paid by 30 June 2021.

There is an outstanding amount of approximately Rs 1500 crore. The benefit that is likely to be provided is expected to be Rs 225 crore, informed Manohar Lal. 

The CM also announced the rationalisation of the extension fee structure with effect from 1 April 2021.

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