Maharashtra Industrial Policy, 2019
Maharashtra Industrial Policy, 2019
If you think about to do the business in Maharashtra or Any of Your Friends/Relatives are interested to do business in Maharashtra then you can take the advantage of this policy.
Maharashtra Industrial Policy has been introduced to promote the micro, small, medium, large scale industries that will create the business opportunities, better infrastructure, innovation and employment generation.
To make the state a supportive for make in India, the government has introduced this scheme and provide fiscal incentives to these sectors. This scheme shall be effective for 5 years from 2019 to 2024 to avail the benefits under this scheme.
Under this scheme, The state government will provide the assistance to promote the MSME and other sector by providing the incentives in way of Subsidy on SGST paid, interest subsidy, power tariff, stamp duty paid etc. to support financially in their business.
The location of Maharashtra is categorized in 5 taluka category as per the location of business and the subsidy will avail as per the category under which business unit falls.
Who Can take the Benefits:
1. Micro, Small and Medium Enterprises (MSME)
2.Thrust Sectors (includes Auto sector, technical textile, Agro based, chemicals, industrial machinery & equipment, Logistic and Warehousing)
3.Large, Mega and Ultra-Mega Industry
Financial Assistance/Subsidy/Benefits Available:
The Quantum of Assistance as under would be provided as per the given below terms:
1. Subsidy on SGST paid:
Category B- 30% of Fixed Capital Investment aggregate in next 7 years.
For category C- 40% of Fixed Capital Investment aggregate in next 7 years.
Category D- 50% of Fixed Capital Investment aggregate in next 10 years.
2. Interest Subsidy:
For other than A Category units – 5% of interest subsidy on availing term loan from banks and FI subject to maximum of electricity bills paid for electricity consumed during the relevant year in Maharashtra Industrial Policy.
3. Electricity Duty:
For category A and B for 100% EOU, IT manufacturing and Bio Tech manufacturing- these units will exempt from the electricity duty payment for 7 Years.
4. Stamp Duty:
100% of exemption on stamp duty within investment period for acquiring land and for term loan purpose.
5. Power tariff:
Assistance up to Re1 per unit consumed for 3 years available for the units established other than A category area from the date of commencement of commercial production.
There are other various incentives available to support the business and promote the MSME, thrust sector and other businesses in the state.
So if you are going to plan for set up a New Business Unit then You should plan according to above said Maharashtra Industrial Policy, 2019
To know more different schemes of different States, We have a KIP: Business & Subsidy Update Plan
In this plan we give updates on weekly basis at various topics like subsidy schemes, New business Opportunities, Warehouse business update etc.
For joining– https://rzp.io/l/warehousebusinesssubsidy
86838-98080, 90171-51780
KIP Financial Consultancy Pvt. Ltd.
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