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Govt Schemes and Incentives

Package Scheme of Incentives (PSI)

State government providing 100% VAT / CST subsidy refund which is known as Package Scheme of Incentives (PSI),  If Entrepreneur paid any taxes to State government or department or agencies, so they can claim 100 % of Total eligible Amount from the State as per the zone wise which decided from the District Industry (Maharashtra).


New MSME : New projects, which are set up in these categories in different parts of the
State, will be eligiblefor Package Scheme of Incentives (PSI). The quantum of subsidy will be linked to the Fixed Capital Investment. Payment of IPS every year will be equal to 25% of any Relevant Taxes paid by the eligible unit to the State or to any of its departments or agencies.


Expansion units: Existing MSMEs making additional investment to the extent of 25% or more over the Gross Fixed Capital investment, as on the last date of the previous financial year, for expansion, diversification will also be eligible to get the Industrial Promotion Subsidy equivalent to 75% of the incentives admissible for new units. The admissible period for availing the subsidy will be reduced by one year in the respective category and area. Explanation: The Zero VAT Units will be eligible for getting employment based incentive as proposed for low HDI districts in the form of 75% reimbursement of expenditure on account of contribution towards Employees State Insurance (ESI) and Employees Provident Fund (EPF) Scheme for a period of 5 years However the quantum of incentives for these units will be limited to 20%, 30%, 40%, 50%, 60% of FCI in “B”, “C”, “D”, “D+”, No Industry District respectively.


Interest subsidy: All new eligible Micro & Small Manufacturing Enterprises in textile, hosiery, knitwear and readymade garment sector will be eligible for interest subsidy in addition 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 acquisition of fixed capital assets. The amount of interest subsidy will be effective rate of interest (after deducting interest subsidy receivable any institution / under any Govt. of India scheme or 5 % p.a. whichever is less). The quantum and period for availing this incentive will be decided by state govt.


Exemption from Electricity Duty: Eligible new units in C, D, and D+ areas and No-Industry District(s) will be exempted from payment of Electricity Duty for a period of 15 years. In other parts of the State, 100% Export Oriented Units (EOUs), Information Technology (IT) and Bio-Technology (BT) units will also be exempted from payment of Electricity Duty for a period of 10 years. Necessary Notification under the provision of the Electricity Duty Act 1958 will be issued separately by Energy Department. 

Waiver of Stamp Duty:  New as well as units undertaking Expansion/ Diversification will be exempted from payment of Stamp duty up to 31st March 2011 in “C, D, D+ Talukas and No Industry Districts. However, in A and B areas, stamp duty exemption would be available as given below:
• BT and IT units in public Parks : 100%
• BT and IT units in private Parks : 75%
• Mega Projects : 50%

Refund of Octroi / Entry Tax in lieu of Octroi:  An eligible unit, after it goes into commercial production, will be entitled to refund of Octroi duty / Entry Tax (in lieu of Octroi), account based cess or other levy charged instead of or in lieu of Octroi payable and paid to the local authority on import of all items required by the eligible unit. This incentive will be admissible in the form of a grant restricted to 100% of the admissible fixed capital investment of the eligible unit for a period 5 / 7 / 9/ 12 years respectively in the B / C / D / D+ areas. In respect of No Industry District areas, however, the period will be 15 years.

  Package scheme of 2013:

Industrial Promotion Subsidy : Equal to VAT on Local Sales + CST Payable + (20-100)% of ITC on eligible finished products.

Stamp Duty Exemption : 100% Stamp Duty Exemption within investment period for acquiring land (other than A & B Zonal Areas)   

Electricity Duty Exemption : 100% exemption from payment of electricity Duty

Power Tariff Subsidy : Extent of Rs. 1/- Per unit consumed in all zonal areas (other than A) to the tune of Rs. 0.50/- per unit consumed ; Only for New Unit for 3 years from the date of Commencement of Commercial Production

Interest Subsidy : @ 5 per cent p.a. maximum up to the value of electricity consumed and bills paid for that year, will be admissible

Energy & Water Audit : 75% reimbursement of Cost of Water and energy audit ;   Assistance by way of 50 per cent grant limited to Rs. 1 Lakh for water audit and Rs. 2 lakh for energy audit.

Food Processing Sector : Eligible units will be granted additional 10% incentives and additional 1 year towards Eligibility Period.

Additional Incentives : Incentives for improving Quality Competitiveness, Research and Development, Technology up gradation and Cleaner Production Measures will be continued with suitable modification.

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