Financial Services

Equity Investment in Joint/Assisted Sector and Investment Banking Scheme:-

As an Institutional entrepreneur HSIIDC promoted projects in Joint & Assisted Sector in accordance with the guidelines of Govt. of India and the State Govt. In the Joint Sector, the investment of the Corporation and Co-promoter was 26% & 25% respectively and remaining 49% came from Public participation. In Assisted sector, the Corporation investment was limited to 15% of equity. HSIIDC was associated in promoting of the projects identified by private promoters in the Assisted Sector under the Memorandum of Understanding (MoU) Scheme. As a promotional organization, HSIIDC extended its full support to co-promoters in implementing the projects expeditiously with all technical, managerial and financial skills available with it.

The Corporation had participated in the equity capital to the extent of Rs.40.13 crore in 69 projects under Joint/ Assisted Sector Scheme. Further, the Corporation had also invested Rs.4.73 crore in 22 companies under the investment Banking /Bought out deal scheme.

Loan Assistance to Entrepreneurs -

Term loan assistance aggregating to Rs.2157.00 crores was sanctioned to 1260 units from 1978 to 2014. Assistance was provided under various schemes including Term Lending, Equipment Finance Scheme (EFS), Line of Credit Scheme (LoC), Scheme of Corporate Loan, Financing Industrial Infrastructure & Commercial Complexes, Working Capital Term Loan (WCTL), etc. to the entrepreneurs for setting up industrial units in the State of Haryana. Fresh sanctions were however stopped w.e.f Sept., 2014 as per the decision of BoD/HSIIDC due to liquidity constraints faced by the Corporation.

One Time Settlement Schemes:-

The Corporation had introduced One Time Settlement Schemes, 2021 for term lending cases viz. “Policy for Compromise Settlement of Chronic Non-Performing Assets (Doubtful Loan Accounts) of HSIIDC-2021” & “Policy for Compromise Settlement of Loss Account of HSIIDC-2021” and were valid till 31.03.2022.