State Government Benfits
(Subsidies/ Incentives)



Maharashtra Government:


Package Scheme of Incentives (PSI)- 2007


A. Industry Promotion Subsidy (for all sizes)



    For new projects.


    Subsidy linked to the Fixed Capital Investment.


    Payment of IPS equal to 25% of any relevant tax paid by unit.

Taluka/
Area
 Ceiling as % of Fixed
Capital Investment
Number Of Years
Classification /
    Zone
 Micro & Small
Manufacturing
Enterprises
 Medium
Manufacturing
Enterprises/LSI
 Micro & Small
Manufacturing
Enterprises
 Medium
Manufacturing
Enterprises/LSI
C
D
  D+
 30
40
50
 20
25
30
 7
8
9
 5
6
7


B. Interest Subsidy


    All new eligible Micro & Small Manufacturing Enterprises in Textile,        Hosiery, Knitwear and Readymade Garment sector will be
       eligible for interest subsidy in additional to Industrial Promotion
       Subsidy.

    The interest subsidy will be payable only on the interest actually paid
       to the Banks and Public Financial Institutions on the term loan for
       acquistion of fixed capital assets. The amount of interest subsidy
       will be effective rate of interest (after deducting interest subsidy
       receivable any institution/ under any government of India scheme or
       5% p.a., whichever is less.)


Taluka/Area/
Classification
Zone
 Monetary Ceiling Limit
(Rs. In Lac)
 Maximum Period
in years
C
D
  D+
 10
20
25
 4
5
6


C. Exemption from Electricity Duty


    For C, D & D+ exempted from payment of duties for 15 years.

    100% Export Oriented Units (EOUs), Information Technology (IT)
        and Bio-Technology (BT) units exempted from payments of duties
        for 10 years.



D. Waiver of Stamp Duty


    Upto to 31st March 2011 in C, D & D+ Talukas and No Industry
        District.

    A and B areas, stamp duty exemption would would be able as under:

    BT and IT units in public parks   : 100%.

    BT and IT units in private parks  : 75%.

    Mega Projects                           : 50%.



E. Refund Of Octroi


    Upto 100% of Fixed Capital Investment for 5/7/9/12 years for
       B/C/D/D+ Zones.

    In respect of NO Industry District Areas, the period will be 15 years.



 F. Other Incentives for Micro, Small and Medium Manufacturing
     Enterprises


     5% subsidy on Capital Equipment subject to maximum of Rs 25          lacs.

     50% subsidy on Quality Certification Expenses limited to Rs 1 lac.

     25% subsidy on Cleaner Production Measures limited to Rs 5 lac.

     50% subsidy on Patent Registration Expenses limited to Rs 5 lac.