What is Package Scheme of Incentives 2019 ?

Package Scheme of Incentives 2019 is scheme for encouraging development of industry. This scheme benefit can be taken by New Industrial unit or existing unit under expansion. Earlier this scheme was know as Package Scheme of Incentives 2013. The policy envisages grant of fiscal and non-fiscal incentives to the Industrial units with a view to help the units achieve higher, sustainable and inclusive economic growth with emphasis on balanced regional development and employment generation.

The scheme divides Industry in tow major parts for giving various benefits. First is Large / MSME Industry and second is on Basis of location of Industry in Maharashtra. To avail benefit under scheme Industry need to qualify certain condition of Fixed Capital Investment , Number of employment generation & geographical location of Industry.

• Incentives of Industrial Promotion Subsidy
• Interest Subsidy
• Electricity Duty Exemption
• Power Tariff Subsidy

What is Period under Package Scheme of Incentives 2019 ?

Amended Package Scheme of Incentives 2019 period is For 5 Years that is from 1st April 2019 up to 31st March, 2024.

What is Classification of Areas for PSI-2019 ?

Detailed taluka-wise classification of different areas of the State as Group, A /B/ C/ D/ D + etc., on the basis of their level of industrial development

shall be as given in Annexure-I to this G.R. where –

1. Group A : Denotes industrially developed areas
2. Group B: Denotes areas where some industrial development has taken place, but are less developed than the areas under Group A.
3. Group C: Denotes areas, which are less developed than those covered under Group B.
4. Group D: Denotes the lesser-developed areas of the State, not covered under Group A/Group B/ Group C.
5.  Group D+: Denotes the least developed areas, not covered under Group A/ Group B/ Group C/ Group D.
6. No Industry District: Denotes District having no industries viz Hingoli and Gadchiroli.
7. Naxalism Affected Area: Denotes area affected by naxalism, as described in GR No NAVIKA-2008/C.R. 209/Ka. 1416 Dated 31.5.2009 (Annexure II) or as may be amended by the Government.
8. Aspirational Districts: defined by Government of India viz. Washim, Gadchiroli, Osmanabad and Nandurbar.

What is Exemption from Electricity Duty for PSI 2019 ?

All Eligible New Units in Group C, D, and D+ areas, No-Industry District(s), Aspirational Districts and Naxalism affected Area will be exempted from payment of Electricity Duty during applicable eligibility period.

For  Group A and B areas, only eligible 100% Export Oriented Units (EOUs), Information Technology Manufacturing Units and Bio-Technology Manufacturing units will also be exempted from payment of Electricity Duty for a period of 7 Years.

What are additional Incentives for MSME Sector ?

The followings incentives shall be admissible to the Expansion Projects of MSMEs so as to promote quality competitiveness, Zero Defect Zero Effect (ZED scheme), Research & Development, technology up-gradation, water & energy conservation, cleaner production measures and credit rating –

1. 5% subsidy only on additional capital equipment acquired for Technology Up-gradation, subject to a maximum of Rs. 25 lakh.
2. 75 % subsidy on the expenses incurred on quality certification limited to Rs. 1 Lakh.
3. 25% subsidy on additional capital equipment acquired for cleaner production measures, limited to Rs. 5 Lakhs.
4. 75 % subsidy on the expenses incurred on patent registration limited to Rs.10 Lakh for the National patents and Rs. 20 lakh for the International patents.
5. 75% of cost of water audit limited to Rs. 1.00 Iakh.
6. 75% of cost of energy audit limited to Rs. 2.00 lakh.
7. 50% of the cost of Capital Equipment under the measures to conserve/recycle water, limited to Rs. 5 lakh.
8. 50% of the cost of additional Capital Equipment for improving energy Efficiency, limited to Rs. 5 lakh

What is Waiver of Stamp Duty ?

New Units as well as Units undertaking Expansion / Diversification will be exempted from payment of Stamp duty during the Investment period in Group C, D, D+ Talukas, No Industry Districts, Aspirational Districts and Naxalism affected areas for acquiring land (including assignment of lease rights and sale certificate) and for term loan purposes. However, in Group A and B areas, stamp duty exemption would be available as given below:

• BT Manufacturing and IT Manufacturing Units in Public IT / BT Parks: 100%
• BT Manufacturing and IT Manufacturing Units in Private IT / BT Parks: 75%
• Large Projects (defined in Table 4) and mega and ultra-mega projects : 50% for first lease / conveyance deed only

Download Package Scheme of Incentives 2019