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Package Scheme of Incentives
Package scheme of Incentives (PSI) 2019 is a state government subsidy which provides tax and non-tax benefits to manufacturing units situated in the state of Maharashtra. The benefits are available up to a maximum period of 10 years and are linked to the amount invested in land, building, machinery, etc.
Eligibility Criteria for Package Scheme of Incentives in Maharashtra
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The unit should be situated in the state of Maharashtra.
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The unit should be a manufacturing enterprise as defined in MSMED Act 2006.
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The unit can be a secondary or tertiary agro and food processing unit.
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Information technology manufacturing unit, Biotechnology manufacturing unit are also eligible under the scheme.
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At least one of the effective steps as mentioned in the scheme should be taken after 1st April 2019.
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New units, Units looking for expansion or diversification are also eligible.
Documents Required for Package Scheme of Incentives Application in Maharashtra
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Sale deed/ Lease rent agreement
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Building construction estimate
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Power sanction letter
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First 3 purchases, sales and electricity bills
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Project Report
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Bank loan sanction letter
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Building plan approval
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Maharashtra Pollution Control Board consent to establish and consent to operate etc.
Additional Details required for Application :
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Trade Name, Date of Commencement and Nature of Business
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Type of Entity (New/Existing)
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Contact number & Email Id
FAQ on Package Scheme of Incentives Application in Maharashtra
Q. Who provides Package Scheme of Incentives (PSI) 2019 ?
The Package Scheme of Incentives (PSI) 2019 is a scheme run by state government to provide tax and non-tax benefits to manufacturing units.
Q. What is the quantum of Subsidy ?
The Package Scheme of Incentives (PSI) 2019 provides benefits up to 100%, over a period of 10 years, which are directly linked to the investment land, building, machinery, etc.
Q. In what form the benefits are received ?
The eligible benefits are received uniformly over a period of 10 years which comprises stamp duty exemption, interest subsidy, power tariff subsidy, SGST reimbursement etc.
Q. Is it applicable to all businesses ?
No, The following units are not eligible :
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Beer & liquor manufacturing industries.
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Cigarettes or any tobacco containing product’s manufacturing industries.
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Gutka, Pan masala manufacturing industries.
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Any other product banned by Central or State Government.
Q. When can the unit apply for benefit under PSI 2019 ?
After completion of all the effective steps mentioned in PSI 2019.
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