Maharashtra Package Scheme of Incentives (PSI) 2019
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Quick Answer
Maharashtra: SGST refund, interest subsidy and stamp duty exemption for new manufacturing MSMEs
- Funding amount
- Varies
- Funding type
- Subsidy
- Provider
- Government of Maharashtra
- Application deadline
- Rolling
- Location
- Maharashtra
About this subsidy
Bundled incentives linked to investment zone (taluka classification) and enterprise size. Key components: (1) Industrial Promotion Subsidy (IPS) — MSMEs can get up to 100% SGST refund on first sale in Maharashtra during the eligibility period. (2) Interest subsidy on term loans (5% Micro/Small; 3% Medium; 2% Large; higher in backward zones). (3) Electricity tariff subsidy in Vidarbha, Marathwada, North Maharashtra and backward districts. (4) Stamp duty and registration exemption. (5) Power-connection charge waiver in backward zones.
Eligibility
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Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Subsidy providers
The Government of Maharashtra runs one of India's most comprehensive state-level startup ecosystems. The Maharashtra State Innovation and Startup Policy provides a structured framework for nurturing entrepreneurship through seed funding, mentorship, incubation support, and…
Learn moreBenefits & Funding
What You Get
Maharashtra PSI 2019 bundles five categories of incentives for eligible manufacturing units. The Industrial Promotion Subsidy (IPS) provides MSMEs with up to 100% SGST refund on first sales in Maharashtra during the eligibility period. Interest subsidies of 5% (Micro/Small), 3% (Medium), and 2% (Large) are offered on term loans, with higher rates in backward zones. Additional benefits include electricity tariff subsidies in Vidarbha, Marathwada, North Maharashtra, and backward districts, along with full stamp duty and registration fee exemptions. Power-connection charge waivers are available in backward zones. These are non-dilutive, non-repayable incentives — no equity is taken and no repayment is required.
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Application Process
- 1
Obtain Udyam Registration and secure your
Obtain Udyam Registration and secure your industrial premises / MIDC plot or own land.
You - 2
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How to apply
Four steps from draft to disbursement — one action each.
- 1
Submit on the official portal
Use the official application link and verify all details before final submission.
- 2
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
Who can apply for Maharashtra PSI 2019?
New manufacturing units and eligible expansion or diversification projects in Maharashtra can apply. Units producing liquor, tobacco, gutkha, or banned products are excluded.
What is the Industrial Promotion Subsidy (IPS) under PSI?
MSMEs are eligible for up to 100% SGST refund on their first sale in Maharashtra during the eligibility period. The exact quantum depends on taluka classification (backward, most-backward, etc.).
Is this scheme equity-free?
Yes. All benefits under Maharashtra PSI 2019 — including interest subsidy, electricity tariff subsidy, and stamp duty exemption — are non-repayable subsidies with no equity stake taken.
How long is the eligibility period?
The eligibility period depends on the taluka zone. Backward and most-backward areas attract longer eligibility windows; check the MAITRI portal or your District Industries Centre (DIC) for zone-specific durations.
How do I apply?
Applications are submitted online through the MAITRI portal (maitri.mahaonline.gov.in). Units must register their project, submit required documents, and obtain an Eligibility Certificate (EC) from DIC or MIDC before claiming benefits.
Which benefits are available in Vidarbha and Marathwada?
Units in Vidarbha, Marathwada, North Maharashtra, and backward districts get additional electricity tariff subsidies and power-connection charge waivers on top of the standard IPS and interest subsidy components.
