ELIGIBLE SECTORS:

Food / Agro Processing Industries in the following sectors:

  • Dairy, Fruit and Vegetable Processing.
  • Grain Processing.
  • Fish / Meat / Poultry Processing.
  • Consumer foods including Packed foods.
  • Nonalcoholic beverages from fruits and vegetables.
  • (Note: Only secondary and tertiary agro and food processing units shall be eligible for incentives. This condition will not be applicable to processing / manufacturing units set up by Farmer’s Producer Companies and the units set up in government assisted Food Parks and carrying out primary processing activity also).
  • Eligible Investment:
  • Land, Land development, Building, Plant and Machinery etc.
  • Textile Processing Industries in the following sectors:
  • Units manufacturing all types of textiles including cotton ginning and pressing, sizing, spinning, weaving, bleaching, dying, mercerizing etc. covered under the Textile Policy – 2018 – 23 of Maharashtra State shall be eligible only for incentives other than those offered by the other State Government Agencies.
  • The value for which imported second hand fixed assets (Used imported machinery) are acquired or the value thereof as certified by an approved value, whichever is less, subject to the condition that the assets shall have residual performing life of a minimum 10 years as certified by an approved valuer, shall also be considered towards Gross Fixed Capital Investment. The imported second hand fixed assets should be imported in the name of Eligible Unit at eligible location.
  • The investment in intangible assets including pre – operative expenses, interest capitalized, technical know-how, deposits paid for utility services etc. shall be considered only to the extent of 10% of the total project cost accepted by the implementing agency for the purpose of incentives.
  • SELF FINANCE PROJECT IS ALSO ELIGIBLE.
i) Electric Vehicles (Manufacturing, Infrastructure and Servicing)
ii) Aerospace and Defence Manufacturing
iii) Industry 4.0 (Artificial Intelligence, 3D Printing, Internet of Things and Robotics,
Nanotechnology, among others)
iv) Integrated Data Centre Parks (IDCP)
v) Textile Machinery Manufacturing
vi) Bio technology and Medical and Diagnostic Devices
vii) Agro & Food Processing (Secondary and Tertiary Food Processing units) *
viii) Information Technology (IT) & IT Enabled Services (ITeS)
ix) Electronic Systems Design & Manufacturing (ESDM) and Semiconductor
Fabrication (FAB)
x) Logistics & Warehousing
xi) Green Energy/ Bio Fuel Production
xii) Sports and Gym Equipment Manufacturing
xiii) Nuclear Power plant equipment manufacturing
xiv) Mineral / Forest based Industries
  • CAPITAL SUBSIDY :
  (A) NILL INSETIVES,  ELIGIBILITY PERIOD ( NILL YEARS ) 
  (B) 30% INSETIVES, ELIGIBILITY PERIOD ( 7 YEARS )
  (C) 40% INSETIVES, ELIGIBILITY PERIOD ( 7 YEARS )
  (D) 50% INSETIVES, ELIGIBILITY PERIOD ( 10 YEARS )
  (E) 60% INSETIVES, ELIGIBILITY PERIOD ( 10 YEARS )
  Vidarbha, Marathwada, Ratnagiri, Sindhudurg & Dhule – 80% INSETIVES, ELIGIBILITY PERIOD ( 10 YEARS )   No Industry Districts, Naxalism Affected Areas* and Aspirational Districts** -100% INSETIVES, ELIGIBILITY PERIOD ( 10 YEARS ) (Maximum Permissible Fixed Capital Investment (INR crore) : The units with FCI of upto INR 50 crore)
  • INTEREST SUBSIDY :
5% per annum. all eligible new micro, small and medium manufacturing enterprises will be eligible for interest subsidy in respect of interest actually paid to the banks and public financial institutions (excluding unsecured loans, private loans / borrowings, loans from nbfcs etc.)
  • Exemption from Electricity Duty:
All Eligible New Units in Group C, D, and D+ areas, No-Industry District(s), Aspirational Districts and Naxalism affected Area will be exempted from payment of Electricity Duty during applicable eligibility period. In Group A and B areas, only eligible 100% Export Oriented Units (EOUs), Information Technology Manufacturing Units and Bio-Technology Manufacturing units will also be exempted from payment of Electricity Duty for a period of 7 Years. Necessary Notification under the provisions of the Electricity Duty Act 1958 will be issued separately by the Energy Department.
  • Power Tariff Subsidy:
Eligible New Micro, Small and Medium Enterprises (MSME) and Small Industries will be eligible for power tariff subsidy. The subsidy will be to the tune of Rs 1/- per unit for the Units located in Vidarbha, Marathwada, North Maharashtra and the Districts of Raigad, Ratnagiri and Sindhudurg in Kokan Region, No Industry Districts, Naxalism Affected Areas and Aspirational Districts and Rs 0.50 per unit for the Units in other areas of the State for a period of 3 years from the date of commencement of commercial production, for the energy consumed and paid. The Units in Group “A” areas will however not be eligible for this incentive.
  • The followings incentives shall be admissible to the Expansion Projects of MSMEs so as to promote quality competitiveness, Zero Defect Zero Effect (ZED scheme), Research & Development, technology up-gradation, water & energy conservation, cleaner production measures and credit rating –
(A) Expansion projects of MSMEs and Small Industries will be eligible for following incentives
(i) 5% subsidy only on additional capital equipment acquired for Technology Up-gradation, subject to a maximum of Rs. 25 lakh.
(ii) 75 % subsidy on the expenses incurred on quality certification limited to Rs. 1 Lakh.
(iii) 25% subsidy on additional capital equipment acquired for cleaner production measures, limited to Rs. 5 Lakhs.
(iv) 75 % subsidy on the expenses incurred on patent registration limited to Rs.10 Lakh for the National patents and Rs. 20 lakh for the International patents.
(v) 75% of cost of water audit limited to Rs. 1.00 Iakh.
(vi) 75% of cost of energy audit limited to Rs. 2.00 lakh.
(vii) 50% of the cost of Capital Equipment under the measures to conserve/recycle water, limited to Rs. 5 lakh.
(viii) 50% of the cost of additional Capital Equipment for improving energy Efficiency, limited to Rs. 5 lakh.
(B)Incentives for Credit Rating of MSMEs, 75% of the cost of carrying out Credit Rating by Small Industries Development Bank of India/ Government accredited Credit Rating Agency, limited to Rs. 40,000.
(C) During the policy period, first 250 SMEs in all areas of the State, based in Maharashtra, fulfilling the criteria for listing, which will be enlisted on the SME Stock Exchange, Mumbai will be be given refund of listing expenses equal to Rs. 6 lakhs or actual C.A. certified listing expenses, whichever is lower. The detailed modalities for getting this refund will be issued separately.
  • Basket of Incentives for LSI and Spl. LSI Units / Projects:
  • Industrial promotion subsidy for large scale industries and special isis:
    1) The eligible New / Expansion / Diversification Large Scale Industries, which are set up at single location, will be eligible for Industrial Promotion Subsidy (IPS).
    2) For the purpose of this policy, Large Scale Industrial Units shall include units as  Defined in Table 1.
    3) Eligible LSI units shall be offered Investment Promotion Subsidy (IPS) on 50 % of Gross SGST payable by the unit on the first sale of eligible product(s) billed and delivered within Maharashtra.
    4) Eligible Special LSI units shall be offered Industrial Promotion Subsidy (IPS) @ 40 % of NET SGST paid by the unit on the first sale of eligible product(s) billed and delivered within Maharashtra. However, units falling under this category located in “A“ & “B” Zones will not be eligible for Incentives.
    • Exemption from Electricity Duty:
    • All Eligible New Units in Group C, D, and D+ areas and No-Industry District(s), Aspirational Districts and Naxalism affected Area will be exempted from payment of Electricity Duty during applicable eligibility period,( Incentive Availment Period). In Group A and B areas, only eligible 100% Export Oriented Units (EOUs), Information Technology Manufacturing Units and Bio-Technology Manufacturing units will also be exempted from payment of Electricity Duty for a period of 7 Years. Necessary Notification under the provisions of the Electricity Duty Act 1958 will be issued separately by the Energy Department.
  • New Units as well as Units undertaking Expansion / Diversification will be exempted from payment of Stamp duty during the Investment period in Group C, D, D+ Talukas, No Industry Districts, Aspirational Districts and Naxalism affected areas for acquiring land (including assignment of lease rights and sale certificate) and for term loan purposes. However, in Group A and B areas, stamp duty exemption would be available as given below:
  • BT Manufacturing and IT Manufacturing Units in Public IT / BT Parks: 100%
  • BT Manufacturing and IT Manufacturing Units in Private IT / BT Parks: 75%
  • Large Projects (defined in Table 4) and mega and ultra-mega projects : 50% for first lease / conveyance deed only.
  • A valid application for eligibility shall be submitted to the Implementing Agency on or before the date of commencement of commercial production, if there is any delay, the E.C. period and entitlement amount will be curtailed proportionately. The yearly quantum of Incentives permissible shall be equal to curtailed incentive amount divided by curtailed eligibility period.
  • The Implementing Agency shall issue EC to the Eligible Unit normally within 30 days of the Unit complying with the stipulations of the PSI – 2019 and submitting documentary evidence thereof.