Maharashtra Package Scheme of Incentives (PSI) 2019

The Maharashtra Package Scheme of Incentives (PSI) 2019 is a comprehensive subsidy scheme offered by the Government of Maharashtra to boost manufacturing investments in the state. It provides a bundle of five key incentives linked to the investment zone (taluka classification) and enterprise size. The main components are:

• Industrial Promotion Subsidy (IPS): MSMEs can get up to 100% SGST refund on first sale in Maharashtra during the eligibility period.
• Interest subsidy on term loans: 5% for Micro/Small, 3% for Medium, 2% for Large, with higher rates in backward zones.
• Electricity tariff subsidy: Available in Vidarbha, Marathwada, North Maharashtra and backward districts.
• Stamp duty and registration exemption: Full exemption on property transactions for the project.
• Power-connection charge waiver: In backward zones.

These incentives are non-dilutive and non-repayable — no equity is taken and no repayment is required. The scheme is designed for new manufacturing units and eligible expansion/diversification projects, excluding liquor, tobacco, gutkha, and banned products.

• Manufacturing MSMEs and new/expanding industrial units in Maharashtra seeking SGST refunds, interest subsidies, and electricity tariff relief under a zone-linked incentive scheme.
• Up to 100% SGST refund on first sale (IPS) for MSMEs.
• Interest subsidy of 5% (Micro/Small), 3% (Medium), and 2% (Large) on term loans.
• Electricity tariff subsidy in Vidarbha, Marathwada, North Maharashtra, and backward districts.
• Full stamp duty and registration fee exemption.
• Power-connection charge waiver in backward zones.

The scheme is open to new manufacturing units and eligible expansion or diversification projects located in Maharashtra. Units producing liquor, tobacco, gutkha, or banned products are excluded. Eligibility is further determined by the taluka classification (backward, most-backward, etc.) and enterprise size (Micro, Small, Medium, Large). Both MSME-registered and larger units can apply, but specific benefits like higher IPS and interest subsidy are tailored for MSMEs.

Maharashtra Package Scheme of Incentives (PSI) 2019 is open to startups at any stage. It is open to startups registered anywhere in India.

Maharashtra Package Scheme of Incentives (PSI) 2019 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.

Maharashtra PSI 2019 bundles five categories of incentives:

• Industrial Promotion Subsidy (IPS): MSMEs can receive up to 100% SGST refund on first sale in Maharashtra during the eligibility period.
• Interest subsidy: 5% for Micro/Small units, 3% for Medium units, and 2% for Large units on term loans, with higher rates in backward zones.
• Electricity tariff subsidy: Available in Vidarbha, Marathwada, North Maharashtra, and backward districts.
• Stamp duty and registration fee exemption: Full waiver.
• Power-connection charge waiver: In backward zones.

All benefits are non-repayable and non-dilutive — no equity is taken and no repayment is required.

Maharashtra Package Scheme of Incentives (PSI) 2019 is offered by Government of Maharashtra, a government body. As a government-backed subsidy, it is publicly funded and open to eligible startups across India. You can verify current details and timelines on the provider's official website before applying.

Applications are submitted online through the MAITRI portal (maitri.mahaonline.gov.in). The process involves:

1. Registering the industrial unit on the MAITRI portal.
2. Filing an application for an Eligibility Certificate (EC) with the District Industries Centre (DIC) or MIDC office.
3. Submitting project documents: investment proof, CA-certified FCI statement, GSTIN, incorporation certificate, and taluka classification details.
4. Awaiting EC issuance confirming the eligible incentive basket and period.
5. Claiming IPS (SGST refund) annually via the DIC after filing GST returns.
6. Submitting interest subsidy claims to the lending bank with EC and loan statements.
7. Applying for electricity tariff subsidy through MSEDCL with EC (if in an eligible district).

Before you apply to Maharashtra Package Scheme of Incentives (PSI) 2019, 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.