Package Scheme of Incentives

Package Scheme of Incentives (PSI) – Maharashtra

PSI-2013 | PSI-2019 | Upcoming Policy

The Package Scheme of Incentives (PSI) is Maharashtra’s flagship industrial subsidy framework designed to support manufacturing growth, MSME development, employment generation, and regional industrialization.
Industries establishing new units or expanding existing units may avail financial incentives, tax reimbursements, concessions, and operational benefits based on investment size, location, technology, and employment generation capacity.

PSI-2019 — Maharashtra

Overview

(Manufacturing & Industrial Subsidy Scheme)

PSI-2019 encourages industrial investment across Maharashtra by offering subsidies, tax benefits, and infrastructure-related concessions to new and expanding units.
Eligible categories include MSMEs, large industries, mega/ultra-mega projects, food processing units, EV and green technology industries, export-oriented units, and advanced manufacturing sectors.

Eligibility

Eligible units under PSI-2019 include:

• New Manufacturing Units
• Expansion / Diversification of Existing Units
• MSMEs (Micro, Small & Medium Enterprises)
• Large, Mega & Ultra-Mega Industrial Projects
• Food Processing & Packaging Units
• Export-Oriented Manufacturing Units (EOU)
• EV, Renewable Energy & Green Technology Units
• Agro-Based and Rural Industrial Units

Service units and trading businesses are not eligible unless specifically notified by the Government.

Zone-Based Incentives (Location Advantage)

The scheme divides Maharashtra into industrial benefit zones:

A, B, C, D, D+, No-Industry Districts, Naxal-Affected and Aspirational Districts.

Higher incentives are offered to industries located in backward zones (D, D+, No-Industry, Naxal & Aspirational districts) to promote balanced regional growth.

Key Benefits Under PSI-2019

Incentive Type Description

• Industrial Promotion Subsidy (IPS) SGST refund based on sales of manufactured products in Maharashtra
• Interest Subsidy Reimbursement on term loan interest (mainly for MSMEs)
• Electricity Duty Exemption 100% exemption during eligibility period (zone-based)
• Stamp Duty & Registration Exemption Applicable on land purchase, lease, and financing documents
• Power Tariff Subsidy Per-unit rebate for MSMEs in eligible zones

Benefit period ranges from 7 to 10 years depending on zone and project category.

Thrust / Priority Sectors

PSI-2019 prioritizes the following high-growth sectors:

• Electric Vehicles & Charging Infrastructure
• Aerospace & Defence Manufacturing
• Food & Agro Processing
• Technical Textiles & Machinery
• Industry 4.0, Robotics, Automation, AI & IoT
• Biotechnology, Pharmaceuticals & Medical Devices
• Electronics, Semiconductor & Hardware Manufacturing
• Green, Renewable and Sustainable Technologies

Extended Policy & Support Schemes (Additional Applicable Incentives)

Eligible industries may also receive benefits from complementary Maharashtra policies:

Women Entrepreneurship Policy

Benefits:

• Additional capital subsidy
• Relaxed eligibility norms
• Priority approvals and land allotment
• Skill and capability-building support

Applicable for units with 51%+ women ownership.

Maharashtra Electronics Manufacturing Policy

Focus: Electronics System Design and Manufacturing (ESDM)

Benefits include:

• Capital subsidy (up to 25%)
• SGST reimbursement
• Stamp duty and electricity duty exemption
• Infrastructure in dedicated Electronics Manufacturing Clusters (EMCs)

Export Promotion Policy – Maharashtra

Designed to improve export competitiveness:

• Logistics and freight subsidy
• Reimbursement for certification and international quality compliance
• Support for trade fairs, export councils, and market development

Maharashtra Food Processing Policy

Support includes:

• Capital subsidy
• Assistance for cold chain, packaging, warehousing
• Convergence with Central subsidies (PM-FME, PMKSY)
• Faster approvals for food and safety-based industries

District Industries Centre (DIC) Subsidy Support

Additional support for micro and small industries:

• Local employment subsidy
• Interest subsidy beyond PSI limits
• Assistance with licensing, registration, and compliance
• District-level facilitation for MSMEs

Additional State-Level Incentives

Maharashtra also offers additional support for:

• Green and environmental-compliance-based units
• Renewable energy manufacturing
• Export-focused industries
• Units located in backward or aspirational districts

Our Consultancy Services

At Sumangal Financial Solutions, we provide complete support for subsidy implementation:

• Eligibility analysis & subsidy estimation
• Project classification and policy mapping
• Registration with DIC, MIDC, and Directorate of Industries
• DPR preparation & financial documentation
• Approval coordination and government liaison
• SGST refund filing and subsidy claim follow-up

(We will also support the upcoming PSI policy once officially released.)

Why Choose Us?