PSI - 2019
Maharastra State Government has recently declared the New Industrial Policy – 2019 also called as Package Scheme of Incentives (PSI) to ensure sustained industrial growth through various innovative initiatives so as to further improve the conducive industrial climate in the State and to provide global competitive edge to the industries in the State. Maharashtra intents to be a major contributor to Nations Economy, by strengthening its numero uno position and “Magnetic Maharashtra” brand with its progressive vision focused on accelerated industrial growth and sustainable development.
The policy envisages grant of fiscal and non-fiscal incentives to the Industrial units with a view to help the units achieve higher, sustainable and inclusive economic growth with emphasis on balanced regional development and employment generation through greater Private and Public Investment in industrial sector. Under this policy the Maharastra Govt has announced package of Incentives to various Industries. Details given below:
| Sl. No. | Incentive Description | A | B | C | D | D+ | Vidarbha, Marthwada, Ratnagiri, Sindhudurg & Dhule | No industry Districts & Naxalism affected areas | Duration |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SGST | NA | 100% | 100% | 100% | 100% | 100% | 100% | As per row 6 |
| 2 | Interest Subsidy | NA | 5% | 5% | 5% | 5% | 5% | 5% | As per row 6 |
| 3 | Stamp Duty | NA | NA | 100% | 100% | 100% | 100% | 100% | As per row 6 |
| 4 | Power Subsidy | NA | Rs. 0.5 per unit | Rs. 0.5 per unit | Rs. 0.5 per unit | Rs. 0.5 per unit | Rs. 1 per unit | Rs. 1 per unit | 3 years |
| 5 | Max Cap (% of FCI) | NA | 30% | 40% | 50% | 60% | 80% | 100% | |
| 6 | Duration | NA | 7 Years | 7 Years | 10 Years | 10 Years | 10 Years | 10 Years |
20% additional Subsidy (of FCI) available for the following industries:
- Food / Agro processing units ( secondary & Tertiary processing only)
- Primary processing units setup by FPCs and units setup in government assisted Food Parks
- Green Energy / Bio Fuel manufacturing units Industry 4.0 activities
Incentives for Expansion / Diversification
- All eligible units will get 80% of the subsidies mentioned in the table above.
- Duration will be reduced by 1 year.
Stamp Duty for Biotechnology Manufacturing Industries and Information Technology Manufacturing Industries in A & B Talukas
- Public Sector Industries – 100%
- Private Sectors – 75%