Chandigarh, September 1 – Haryana Cabinet which met under the Chairmanship of Chief Minister, Sh. Manohar Lal has accorded approval regarding the Sanction of Cash Credit/Working Capital Limit of Rs. 500 crore of Haryana State Industrial & Infrastructure Development Corporation Ltd. (HSIIDC) for acquisition of land, to make payment of enhanced compensation to the ex-land owners and develop infrastructure facilities for the development of Industrial Estates in the State of Haryana against the security of guarantee of State Government of Haryana.

The finance department agrees for State Government Guarantee for availing Credit Limit/WCL of Rs. 500 crore at 6 percent per annum from SBI for acquisition of land, development of infrastructure facilities and makes the payment of enhanced land compensation to ex-land owners by charging 2% Government Guarantee fee for a period of 10 years.