{"id":994,"date":"2024-06-16T10:34:01","date_gmt":"2024-06-16T09:34:01","guid":{"rendered":"https:\/\/kvrgfas.com\/?page_id=994"},"modified":"2024-08-16T02:48:59","modified_gmt":"2024-08-16T01:48:59","slug":"maharashtra-package-scheme-for-incentive","status":"publish","type":"page","link":"https:\/\/kvrgfas.com\/index.php\/maharashtra-package-scheme-for-incentive\/","title":{"rendered":"Maharashtra PSI"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"994\" class=\"elementor elementor-994\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-00910af elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"00910af\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div 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0 85.961 85.961 0 192 0s192 85.961 192 192c0 77.413-26.97 99.031-172.268 309.67-9.535 13.774-29.93 13.773-39.464 0zM192 272c44.183 0 80-35.817 80-80s-35.817-80-80-80-80 35.817-80 80 35.817 80 80 80z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><b>Dubai-- <\/b>Suite 707 Damac Business Tower Business Bay Dubai UAE<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"mailto:info@kvrgfas.com\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"icon icon-envelope2\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">info@kvrgfas.com<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"mailto:kvrgadvisors@gmail.com\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span 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class=\"elementor-element elementor-element-d29c12d elementor-widget elementor-widget-text-editor\" data-id=\"d29c12d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h1>Package Scheme of Incentives Maharashtra 2018<\/h1><p>In order to encourage the dispersal of industries to the less developed areas the State Government has been giving a Package of Incentives in Maharashtra to New \/ Expansion units to set up in the developing region of the state since 1964 under a scheme popularly known as Package Scheme of Incentives, also known as Industrial Promotion Subsidies.<\/p><p>The Maharashtra state government has reinstated new industrial policy in 2019 with the aim of not only achieving dispersal of industries to the less developed areas of the state but also to generate employment in such zones and attracting more investments in the state.<\/p><p>The new PSI scheme is said to be valid from 1st April 2019 up to 31st March 2024. Among other things, the incentives are in the form of exemptions or refunds from taxes, reduction in stamp duty, electricity duty related reliefs, interest subsidies etc.<\/p><p>The parameters considered for attaining incentives are quantum of fixed capital investment, number of employee generation per unit, type of unit (small, medium, large, mega large) among other few.<\/p><h2>The following categories of Eligible Industrial Units in the Private Sector, Cooperative Sector, State Public Sector \/ Joint Sector shall be eligible to be considered for incentives under the PSI- 2019<\/h2><p>i) Industries listed in the First Schedule of the Industries. (Development and Regulation) Act, 1951, as amended from time to time<\/p><p>ii) Manufacturing of Industries or the Maharashtra Industrial Development Corporation (MIDC) Enterprises as defined in the Micro, Small and Medium Enterprises Development Act, 2006. (MSMED Act, 2006)<\/p><p>iii) Information Technology Manufacturing Units registered with the Directorate or the Development Commissioner, Santa Cruz Electronic Export Processing Zone (SEEPZ) or Software Technology Parks of India (STPI) in the State. Government Resolution No: PSI -2019 \/ CR 46 \/ IND-8 Page 3 of 42<\/p><p>iv) Bio-technology Manufacturing Units as specified by the Government from time to time.<\/p><p>v) Mechanized, Food \/ Agro Processing Industries in the following sectors:<\/p><ul><li>Dairy, Fruit and Vegetable Processing.<\/li><li>Grain Processing.<\/li><li>Fish \/ Meat \/ Poultry Processing.<\/li><li>Consumer foods including Packed foods.<\/li><li>Non alcoholic beverages from fruits and vegetables.<\/li><\/ul><p><b>Note:\u00a0<\/b>Only secondary and tertiary agro and food processing units shall be eligible for incentives. This condition will not be applicable to processing \/ manufacturing units set up by Farmer&#8217;s Producer Companies and the units set up in government assisted Food Parks and carrying out primary processing activity also.<\/p><h2>Exceptions for PSI Scheme in Maharashtra<\/h2><p>The units manufacturing the following products shall not be eligible for incentives under Package Scheme of Incentives &#8211; 2019 as per the provisions of GR dated 16th September, 2016 at reference 16 above:<\/p><p>(a) Beer, liquor manufacturing industries<\/p><p>(b) Cigarette, bidi or any other tobacco containing products, manufacturing industries<\/p><p>(c) Gutka and pan masala manufacturing industries.<\/p><p>(d) Any other product(s) banned by Central \/ State Government.<\/p><p>Units manufacturing all types of textiles including cotton ginning and pressing, sizing, spinning, weaving, bleaching, dying, mercerizing etc. covered under the Textile Policy \u2013 2018 \u2013 23 of Maharashtra State shall be eligible only for incentives other than those offered by the other State Government Agencies. For more information, please refer\u00a0<a href=\"https:\/\/www.maharashtra.gov.in\/Site\/Upload\/Government%20Resolutions\/Marathi\/201909161605062310.pdf\" target=\"_blank\" rel=\"nofollow noopener\">Maharashtra Package Scheme of Incentives notification<\/a><\/p><h2>How do we help you to get benefits from Maharashtra State Incentive Schemes?<\/h2><p>We at <strong>KVRG FAS<\/strong> offer our clients complete knowledge about relevant incentive schemes and assist them in the application process for getting maximum benefit for their businesses.<\/p><p>We help identify eligible industries such as Micro and Small-Scale Enterprises or Large-Scale Industries defined under the relevant act and aid with expansion and diversification of their businesses.<\/p><h2>Why Choose us for Maharashtra PSI?<\/h2><p>With our specialized team and experience we avoid all possible obstacles concerning exports thus reducing the turnaround time by offering services in a speedy manner.<\/p><p>At <strong>KVRG FAS<\/strong> we not only assist with initial paperwork but also aid in attaining the final licenses required. We help in getting package scheme incentives in various cities like Pune, Nashik, Aurangabad, Nagpur and various other parts of Maharashtra.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fb615ae elementor-widget elementor-widget-button\" data-id=\"fb615ae\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/kvrgfas.com\/index.php\/contact-us\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">To discuss more about Maharashtra Package Scheme For Incentive, contact us<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f682a08 elementor-hidden-desktop elementor-hidden-tablet elementor-widget elementor-widget-heading\" data-id=\"f682a08\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Other services<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>State Incentive Schemes Gujarat Package Scheme For Incentive Maharashtra Package Scheme For Incentive State Incentive Schemes in Tamil Nadu Package Scheme of Incentives in Chhattisgarh Goa Package Scheme Of Incentives Humberger Toggle Menu Our Offices Mumbai&#8211; 506 Stanford Plaza, Opp Citi Mall, Off Link Road Andheri (W) Mumbai-400053 Dubai&#8211; Suite 707 Damac Business Tower Business [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-994","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Maharashtra PSI - kvrgfas.com<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maharashtra PSI - kvrgfas.com\" \/>\n<meta property=\"og:description\" content=\"State Incentive Schemes Gujarat Package Scheme For Incentive Maharashtra Package Scheme For Incentive State Incentive Schemes in Tamil Nadu Package Scheme of Incentives in Chhattisgarh Goa Package Scheme Of Incentives Humberger Toggle Menu Our Offices Mumbai&#8211; 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