Package Scheme of Incentives
(In Mahatashtra)
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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.
Benefits of Package Scheme of Incentives
Reduce Working Capital Cost
Reduce Borrowing Cost
Other Operational Benefits
Promotion to Business Growth
Eligibility Criteria for Package Scheme of Incentives in Maharashtra
The unit should be situated in the state of Maharashtra.
The unit should be a manufacturing enterprise as defined in MSMED Act 2006.
The unit can be a secondary or tertiary agro and food processing unit.
Information technology manufacturing unit, Biotechnology manufacturing unit are also eligible under the scheme.
At least one of the effective steps as mentioned in the scheme should be taken after 1st April 2019.
New units, Units looking for expansion or diversification are also eligible.
Documents Required for Package Scheme of Incentives Application in Maharashtra
Sale deed/ Lease rent agreement
Building construction estimate
Power sanction letter
First 3 purchases, sales and electricity bills
Project Report
Bank loan sanction letter
Building plan approval
Maharashtra Pollution Control Board consent to establish and consent to operate etc.
Additional Details required for Application :
Trade Name, Date of Commencement and Nature of Business
Type of Entity (New/Existing)
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 :
Beer & liquor manufacturing industries.
Cigarettes or any tobacco containing product's manufacturing industries.
Gutka, Pan masala manufacturing industries.
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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