Maharashtra SME Listing Reimbursement — 50% of Listing Costs, Up to ₹5L — Frequently Asked Questions
Answers to the questions founders most often ask about Maharashtra SME Listing Reimbursement — 50% of Listing Costs, Up to ₹5L — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
How much money can an MSME get under this scheme?
The reimbursement is 50% of your actual, CA-certified SME Stock Exchange listing expenses, capped at ₹5 lakhs. If half of your eligible expenses works out to less than ₹5 lakhs, you receive that smaller figure; if it works out to more, ₹5 lakhs is the ceiling.
Is there a deadline to apply?
No. The scheme operates on a rolling basis with no fixed cut-off date, so you can submit your claim once your listing expenses have been incurred and certified. Do note that the policy it sits under is the Maharashtra Industries Investment and Services Policy 2025.
Do I have to be registered as an MSME to qualify?
Yes. Being an eligible MSME as per the prevailing government definitions is a core condition. Unregistered businesses, or those outside the MSME thresholds, do not qualify for the reimbursement.
Which expenses does the scheme actually cover?
It covers expenses incurred in connection with listing on an SME Stock Exchange — the legal fees, underwriting charges and exchange fees that form part of the listing cost. The important condition is that each expense must be certified by a Chartered Accountant; uncertified costs cannot be claimed.
Does the government take equity in my company in return for this money?
No. This is a subsidy or reimbursement, which means the amount is non-repayable and comes with no equity, no stake and no ownership dilution for the promoters.
Can businesses outside Maharashtra apply?
The scheme is part of the Maharashtra Industries Investment and Services Policy 2025, so it is aimed at eligible MSMEs in the state of Maharashtra rather than businesses across India. Applicants should be operating and registered in Maharashtra.
What types of companies or firms can apply?
Eligible MSMEs can apply, which in practice covers Private Limited Companies, Limited Liability Partnerships (LLPs), One Person Companies, partnership firms and proprietorships — provided each is duly registered and meets the MSME criteria.
What documents will I need to submit?
You will need official invoices for your SME Stock Exchange listing expenses, proof of payment for those invoices, the mandatory Chartered Accountant certification of the expenses, and evidence of your MSME registration. Proof of your registered bank account is also required, since the reimbursement is credited there.
How does the verification process work?
Once submitted, your application and documents go through a rigorous review. Departmental officers or a dedicated committee examine the CA certification and your MSME eligibility closely to confirm the claim is legitimate and compliant with policy guidelines. Only after that scrutiny is the reimbursement approved.
Where do I submit the application?
Applications are filed through the portal designated by the Maharashtra Industries Department — the MAITRI single-window login at maitri.maharashtra.gov.in. Detailed submission instructions are normally laid out in the policy guidelines or the associated government resolution.
Is DPIIT recognition required for Maharashtra SME Listing Reimbursement — 50% of Listing Costs, Up to ₹5L?
No. DPIIT (Startup India) recognition is not listed as a mandatory requirement for Maharashtra SME Listing Reimbursement — 50% of Listing Costs, Up to ₹5L, though having it can strengthen your application and unlock other benefits.
Who is eligible to apply for Maharashtra SME Listing Reimbursement — 50% of Listing Costs, Up to ₹5L?
Maharashtra SME Listing Reimbursement — 50% of Listing Costs, Up to ₹5L is open to startups at any stage. It is open to startups registered anywhere in India.
Who offers Maharashtra SME Listing Reimbursement — 50% of Listing Costs, Up to ₹5L?
Maharashtra SME Listing Reimbursement — 50% of Listing Costs, Up to ₹5L is offered by Directorate of Industries, Government of Maharashtra, a government body. It is provided as non-dilutive funding.
How do I apply for Maharashtra SME Listing Reimbursement — 50% of Listing Costs, Up to ₹5L?
Apply directly through the official application link on this page. Review the eligibility criteria and prepare your startup documents before you begin.
← Back to Maharashtra SME Listing Reimbursement — 50% of Listing Costs, Up to ₹5L overview