Maharashtra Industrial Growth Incentive — ₹75Cr to ₹125Cr Grant

Large industrial projects that choose to build or expand inside Maharashtra's targeted development belts can claim a substantial capital subsidy under this scheme. The incentive sits within the Maharashtra Industries Investment and Services Policy 2025, where it carries the formal name Incentivizing Industrial Growth in Emerging Districts, and it is administered by the Directorate of Industries on behalf of the state government.

The logic behind it is simple. Maharashtra wants big-ticket investment to land in Zone 1 and Zone 2 rather than piling further into districts that are already industrialised. To pull that capital in, the state shares a slice of the promoter's Fixed Capital Investment (FCI): 25% in Zone 1 and up to 15% in Zone 2.

Because the entry bar is a minimum FCI of ₹500 crore alongside at least 500 new jobs, the cheque sizes are large. Qualifying projects can expect somewhere between ₹75 crore and ₹125 crore, depending on which zone they sit in and how the numbers stack up. The support is structured as a grant rather than a loan, so nothing has to be repaid, and releases are tied to project milestones so the money follows real progress on the ground.

Both greenfield units and existing units going in for significant expansion are covered. For the state, the payoff is economic diversification, stronger local supply chains and employment outside the traditional hubs. For a promoter, it is a material reduction in the cost of a very large capital expenditure plan.

• 25% of Fixed Capital Investment as a grant for Zone 1 projects; up to 15% for Zone 2
• Indicative grant range of ₹75 crore to ₹125 crore, based on the ₹500 crore minimum investment
• Requires a minimum ₹500 crore Fixed Capital Investment and 500 new jobs
• Open to new industrial units as well as existing units undertaking major expansion
• Non-repayable grant — no repayment and no equity dilution
• Applications run on a rolling basis with no fixed deadline

The scheme is built for scale, so the qualifying thresholds are high. To be considered, an applicant must meet all of the following:

• New or expanding industrial units — both fresh setups and existing units undertaking major expansion are covered.
• Location — the project must come up in Zone 1 or Zone 2 of Maharashtra.
• Investment — a minimum Fixed Capital Investment of ₹500 crore.
• Employment — at least 500 new jobs generated by the project.

On entity type, the scheme targets incorporated industrial units such as Private Limited Companies, LLPs and Partnerships. Given the investment scale involved, proprietorships are generally not the focus.

No specific sectors are carved out. The policy speaks of industrial units generally, which keeps it open to a wide range of manufacturing and service businesses that clear the capital investment and employment thresholds. DPIIT recognition and MSME registration do not form part of the stated criteria.

Maharashtra Industrial Growth Incentive — ₹75Cr to ₹125Cr Grant is open to startups at any stage. It is open to startups registered anywhere in India.

Maharashtra Industrial Growth Incentive — ₹75Cr to ₹125Cr Grant accepts applications on a rolling basis — there is no fixed cut-off date, so eligible startups can apply at any time. Because rolling programmes can pause without notice, confirm the window is still open on the official site before you start.

The support comes as a non-repayable capital grant calculated as a share of the project's Fixed Capital Investment.

• Zone 1 units: 25% of FCI.
• Zone 2 units: up to 15% of FCI.

With the minimum qualifying FCI set at ₹500 crore, the grant works out to roughly ₹75 crore at the lower end (a Zone 2 project) and ₹125 crore at the upper end (a Zone 1 project).

The grant is meant to offset a meaningful chunk of capital expenditure, which makes Maharashtra more competitive against other states for very large industrial projects. It is a subsidy, not a loan — nothing is repaid and no equity stake is taken in the unit.

Disbursement is typically linked to project milestones rather than paid upfront, so funds are released as the project progresses and accountability is maintained.

Maharashtra Industrial Growth Incentive — ₹75Cr to ₹125Cr Grant is offered by Directorate of Industries, Government of Maharashtra, a government body. As a government-backed grant, it is publicly funded and open to eligible startups across India.

Applications move through a staged process rather than a single submission.

• Expression of Interest (EOI): The first step is registering interest with the Industries Department, signalling the project's intent and basic parameters.
• Detailed application: A comprehensive application is then filed through the MAITRI portal or the designated Industries Department offices, built around a detailed project proposal.
• Project proposal contents: This must set out the fixed capital investment plan, the projected employment generation, and confirmation that the site falls within Zone 1 or Zone 2 of Maharashtra.
• Supporting documents: Applicants submit financial projections, incorporation documents, land acquisition details, and a thorough business plan demonstrating that the project clears the minimum investment and employment criteria.
• Scrutiny and site visits: Officials review the documents in detail and may conduct site visits to verify the project on the ground.
• Committee presentation and sanction: Shortlisted applicants may present to the State Level Empowered Committee or another relevant authority, which approves and sanctions the incentive.

Before you apply to Maharashtra Industrial Growth Incentive — ₹75Cr to ₹125Cr Grant, keep the following documents ready:

• A pitch deck or short business plan describing the problem, product and traction
• Company registration documents and PAN
• Founder identification (PAN / Aadhaar) and brief profiles
• Recent financial statements or projections
• Product details — a demo, prototype or working link if available

Exact requirements are confirmed on the official application portal — treat this as a preparation checklist.

Maharashtra Industrial Growth Incentive — ₹75Cr to ₹125Cr Grant is best suited for startups in India seeking non-dilutive funding of ₹75Cr – ₹125Cr. If that describes your startup, review the eligibility criteria above before applying.