Maharashtra Shipbuilding Capital Subsidy
By Directorate of Industries, Government of Maharashtra
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Quick Answer
Capital assistance for developers establishing or upgrading shipbuilding or recycling infrastructure in Maharashtra.
- Funding amount
- Varies
- Funding type
- Subsidy
- Application deadline
- Rolling
- Location
- Maharashtra
About this subsidy
The Capital Assistance for Shipbuilding or Recycling Infrastructure program, a key initiative under the Maharashtra Shipbuilding, Ship Repair, and Ship Recycling Policy 2025, aims to bolster industrial development in Maharashtra. This scheme provides crucial financial support to developers engaged in establishing or upgrading shipbuilding and ship recycling facilities within the state. By offering significant capital assistance, the Government of Maharashtra seeks to incentivize investment in this strategic sector, foster job creation, enhance technological capabilities, and strengthen the state's maritime economy. This program is designed to attract both new entrants and existing players looking to expand their footprint in the vital shipbuilding and recycling industries, contributing to India's 'Make in India' and 'Atmanirbhar Bharat' initiatives by creating robust domestic industrial capacity.
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
Benefits & Funding
What You Get
Beneficiaries of this program will receive significant capital assistance up to ₹5 crore (₹50 million). This financial support is provided as a subsidy, covering up to 60% of the total eligible project cost, whichever amount is lower. The assistance is designed to help offset the substantial capital expenditure involved in setting up or modernizing shipbuilding and ship recycling infrastructure, thereby reducing the financial burden on developers and making these projects more viable. The funding mechanism ensures that projects with substantial investment receive adequate support while maintaining a ceiling to ensure equitable distribution of funds. This direct financial aid aims to accelerate the establishment of world-class facilities and drive economic growth in Maharashtra's maritime sector.
- Disbursement
- Reimbursement
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
The selection process for capital assistance involves a rigorous evaluation of the submitted project proposals. Applications will be screened by a committee formed by the relevant department of the Government of Maharashtra, potentially involving experts from the shipbuilding and recycling sectors. The assessment will focus on the project's adherence to policy objectives, financial viability, technical feasibility, potential for employment generation, and overall impact on the state's industrial landscape. Shortlisted developers may be invited for detailed presentations or site visits to further substantiate their proposals before final recommendations are made for approval and sanction of the assistance.
Application Process
- 1
Submit Application
Prepare and submit the detailed project proposal and required documents as per policy guidelines.
You - 2
- 3
- 4
- 5
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.
Program templates & documents
Files the program publishes for applicants — download these and apply in the prescribed format.
Frequently Asked Questions
What is the maximum capital assistance available?
Developers can receive up to ₹5 crore (₹50 million) or 60% of the project cost, whichever is lower.
Who is eligible for this assistance?
Developers who are setting up new shipbuilding or ship recycling infrastructure or expanding existing facilities in Maharashtra are eligible.
Is this funding repayable?
No, this is capital assistance provided as a non-repayable subsidy.
What kind of projects are supported?
The assistance supports infrastructure development specifically for shipbuilding and ship recycling activities.
Is there any co-financing requirement?
Yes, as the assistance covers up to 60% of the project cost, the developer is expected to arrange the remaining minimum of 40% of the project cost.
How can I apply for this program?
The application process is governed by the Maharashtra Shipbuilding, Ship Repair, and Ship Recycling Policy 2025. Details on application submission and required documents will be outlined in the official guidelines from the Government of Maharashtra.
Sources
Data on this page is compiled from official program and provider references.
