HSIIDC and Central Bank of India Sign MoU to Boost Industrial Financing in Haryana

In a major step to boost industrial development in Haryana, the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has signed a Memorandum of Understanding (MoU) with the Central Bank of India. This agreement will make it easier for entrepreneurs and businesses to get financial support when they buy industrial plots in HSIIDC’s industrial estates.

Making Industrial Loans Easier for Entrepreneurs

The MoU was officially signed by Sushil Sarwan, Managing Director of HSIIDC, and Arvind Kumar, Zonal Head of the Central Bank of India. The main goal of this partnership is to offer easy and affordable financing solutions to people who want to start manufacturing or service-based businesses in Haryana.

Sushil Sarwan explained that this collaboration will help business owners get the financial support they need to set up their units. He added that entrepreneurs are key to Haryana’s industrial progress and this move will create a more business-friendly environment in the state.

Helping Young Entrepreneurs Build Their Dreams

Speaking about the partnership, Arvind Kumar from the Central Bank said that the bank is excited to work closely with HSIIDC. He said this tie-up will help build a strong ecosystem for entrepreneurs in Haryana. The bank aims to guide and support young business owners by providing financial advice and funding, helping them turn their ideas into successful and sustainable businesses.

About HSIIDC’s Role in Haryana’s Industrial Growth

HSIIDC is a fully government-owned organization and plays a central role in building industrial infrastructure in Haryana. The corporation has developed over 30 industrial estates spread across more than 30,000 acres of land. These estates have become key hubs for manufacturing and business activity in the state.

With this new agreement, HSIIDC and the Central Bank of India want to ensure that entrepreneurs have easy access to the funds they need. The ultimate aim is to promote industrial growth, generate employment, and support economic development across Haryana.