Industrial policy 2019 Maharashtra

Policy objectives

• To retain leadership positions in industrial investment
• sustain high level of employment generation
• promote regional balanced environmentally sustainable and inclusive industrial growth

Incentive for micro small and medium enterprises msme

Msme includes units per as per the definition of government of India – msme act 2006 as well as small industries with fixed capital investment of up to INR 50 crores

Incentive component	Zone A	Zone B	ZOne C	Zone D	Zone D+	Specified  areas	No of industry area
Eligible period	–	7	7	10	10	10	10
Ceiling  as % of FCI	–	30	40	50	6	80	100

100 percent exemption within the investment period for acquiring land including assignment of lease rights sale certificate and for term loan

State goods and services tax

Investment promotion subsidy of sgst paid paid by unit on the first sale of eligible product billed and deliver to the same entity within Maharashtra

Electricity Duty exemption

In zone A&B electric ity exemption only to 100 per cent export oriented name and IT/BT units for 7 years
Eligible new name in C  D D D+ , no industries district and naxalism area will be entitled to exemption from payment of electricity Duty for tenure equal to the eligibility period

Power subsidy

Subsidy for eligible unit shall be for 3 year from the date of commencement of commercial production

Unit located in vidharbha marathwada , north Maharashtra and district of Raigad . Ratnagiri and sindhudurgh will be extent of INR 1 per unit consume d

Other areas to the tune of INR .50 per unit consume

Intrest subsidy

Subsidy @ 5 per cent per annum up to maximum value of electricity consumed

Other incentives

Eligible msme unit in agro &food processing green energy biofuel and industry 4.0 shall be granted 20% additional fiscal assistance and two year additional eligibility period shall be applicable

NON fiscal Benefits

Reservation of 20% land MIDC areas LSI are defined as industrial unit satisfing the minimum threshold limits of fixed capital investment or direct investment of direct employment prescribed

Incentive for lagre scale industries

Incentive componenet	Zone A	Zone B	ZOne C	Zone D	Zone D+	Specified  areas
Minimum FCI(INR)	750cr	500cr	250cr	150cr	100cr	100cr
Minimum direct employmet	100	750	500	400	300	250
Ceiling as % of FCI	25	40	60	70	80	100
Eligible period	7	7	7	7	9	9

Stamp Duty exemption

100 percent exemption within the investment period for acquiring land including assignment of lease rights  sale certificate and for term loan

In case OF A and B , exemption is given only to information technology and biotechnology manufacturing units in IT and BT parks

State goods and services tax (sgst )

Investment promotion subsidy of SGST paid by unit on the first sale of eligible products billed and delivered to the same entity within Maharashtra. This shall be provided on first cm- first serve basis

Electricity Duty exemption

In zone A& B electricity exemption only 100% export oriented makes and IT /BT units for 7 years
Eligible new names in C, D, D+ no industries  

Other incentives

Eligible msme unit in agro &food processing green energy biofuel and industry 4.0 shall be granted 20% additional fiscal assistance and two year additional eligibility period shall be applicable

Mega and ultra mega project

Industrial units  satisfiying the minimum  threshold  limits of  fixed capital  investment  or direct employment prescribed shall be classifiled  as mega  units /ultra mega units

Particular	Zone A & B	Zone C	Zone D	Zone D+	Specified areas	No industries area	Entire state
Classification	Mega project	Ultra mega
Minimum fixed  capital investment	1500 Cr	100Cr	750Cr	500Cr	350Cr	200Cr	4000Cr
Minimum direct employment	2000	1500	1000	750	500	350	4000

Incentives

• All incentives  on ultra  mega  AAND MEGA unit shall  be offered gross  basis
• Allocation of MIDC land to mega  project  on priority basis
• Financial refund/incentive