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
i) Industries listed in the First Schedule of the Industries. (Development and Regulation) Act, 1951, as amended from time to time
ii) Manufacturing Enterprises as defined in the Micro, Small and Medium Enterprises Development Act, 2006. (MSMED Act, 2006)
iii) Information Technology Manufacturing Units registered with the Directorate of Industries or the Maharashtra Industrial Development Corporation (MIDC) or the Development Commissioner, Santa Cruz Electronic Export Processing Zone (SEEPZ) or Software Technology Parks of India (STPI) in the State.
iv) Bio-technology Manufacturing Units as specified by the Government from time to time.
v) Mechanized, Food / Agro Processing Industries in the following sectors:
• Dairy, Fruit and Vegetable Processing.
• Grain Processing.
• Fish / Meat / Poultry Processing.
• Consumer foods including Packed foods.
• Nonalcoholic beverages from fruits and vegetables.
(Note: 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's Producer Companies and the units set up in government assisted Food Parks and carrying out primary processing activity also).

Promotion of thrust sectors
Following sectors have been identified by the state government as thrust sector. These sectors shall be accorded priority in land allotment and incentives. The sectors identified are as under –
• Electric vehicles (manufacturing, infrastructure and servicing)
• Aerospace and defence manufacturing
• Industry 4.0 (artificial intelligence, 3D printing, internet of things and robotics, nanotechnology)
• Integrated data centre parks (IDCP)
• Textile machinery manufacturing
• Manufacturing of biotechnology and medical and diagnostic devices
• Agro & food processing units (secondary and tertiary units)
• Information Technology (IT) and IT enable services (ITES)
• Electronic systems design & manufacturing and semi-conductor fabrication
• Logistics and Warehousing
• Green Energy / Bio Fuel Production
• Sports and Gym Equipment manufacturing
• Nuclear Power plant equipment manufacturing
• Mineral / Forest based industries.

1. Fiscal incentives for Micro, Small and Medium Enterprises (MSME) and small
industries

MSME shall include units as per the definition of Government of India-Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 and Small Industries with fixed capital investment (FCI) of up to INR 50 cr.

Particulars	Zone A	Zone B		Zone C	Zone D	Zone D+		Vidharbha, Marathwada, Ratnagiri, Sindhudurg and Dhule		No industry districts, naxalism affected areas Aspirational Districts (Osmanabad, Gadchiroli, Washim and Nandurbar)
Eligibility period (years)	-	7		7	10	10		10		10
Ceiling as % of FCI	-	30%		40%	50%	60%		80%		100%
Stamp duty exemption	100 per cent exemption within investment period for acquiring land including assignment of lease rights, sale certificate and for term loan purposes. In case of zone A and B, exemption are offered only to IT^ and BT^^ manufacturing units in IT and BT park
Electricity duty exemption	Exemption only to 100 per cent export oriented MSMEs and IT/BT units for seven years		Exemption for tenure equal to eligibility period				-		Exemption for tenure equal to eligibility period
Power subsidy	-	Subsidy for eligible units shall be for 3 years from the date of commencement of commercial production. Units located in Vidharbha, Marathwada, North Maharashtra and districts of Raigad, Ratnagiri and Sindhudurg will be to the extent of INR 1 per unit consumed Other areas, to the tune of INR 0.50 per unit consumed
Interest subsidy	-	Subsidy @ 5 per cent per annum up to maximum of value of electricity consumed and bills paid for that year
State Goods and Services Tax (SGST)	Investment promotion subsidy of SGST paid by unit on the first sale of eligible products billed and delivered to the same entity within Maharashtra

Notes –

• The aggregate of all the above incentives shall not exceed the ceiling specified.
• The Cap of the Incentive per year is
• Units under the PSI 2013 scheme shall be eligible for stamp duty exemption for the investment period

2.Fiscal incentives for Large Scale Units and Special LSI

LSI are defined as industrial units satisfying the minimum threshold limits of FCI or direct employment prescribed:

Particulars	Zone A & B	Zone C	Zone D	Zone D+		Vidharbha, Marathwada, Ratnagiri, Sindhudurg and Dhule		No industry districts, naxalism affected areas Aspirational Districts (Osmanabad, Gadchiroli, Washim and Nandurbar)
Minimum FCI (INR)	750 cr.	500 cr.	250 cr.	150 cr.		100 cr.		100 cr.
Minimum direct employment	100 nos.	750 nos.	500 nos.	400 nos.		300 nos.		250 nos.
Eligibility period (years)	7 (only LSI)	7	7	7		9		9
Ceiling as % of FCI	25%	40%	60%	70%		80%		100%
Stamp duty exemption	100 per cent exemption within investment period for acquiring land including assignment of lease rights, sale certificate and for term loan purposes. In case of zone A and B, exemption are offered only to IT and BT manufacturing units in IT and BT park
State Goods and Services Tax (SGST)	Investment promotion subsidy of SGST for first sale within the state and billed and delivered to the same entity. The shall be provided on first-cum-first serve basis Eligible LSI units shall be offered Investment Promotion Subsidy (IPS) on 50 % of Gross SGST payable by the unit on the first sale of eligible product(s) billed and delivered within Maharashtra. Eligible Special LSI units shall be offered Industrial Promotion Subsidy (IPS) @ 40 % of NET SGST paid by the unit on the first sale of eligible product(s) billed and delivered within Maharashtra. However, units falling under this category located in "A" & "B" Zones will not be eligible for Incentives
Electricity duty exemption	Exemption only to 100 per cent export oriented MSMEs and IT/BT units for seven years	Exemption for tenure equal to eligibility period			-		Exemption for tenure equal to eligibility period

Notes –

• Special LSIs: For MSME unit, as defined in para 2.2 (i) above (Small Industries), the ceiling of gross fixed capital investment is Rs. 50 Crores. For unit having eligible FCI more than Rs. 50 Crores & up to the minimum investment stipulated for qualifying as LSI unit in Table 1 above, will essentially be LSI but will have separate dispensation for incentives. However, units falling under this category, located in "A" & "B" Zones will not be eligible for any incentives.

• New Large Scale Industrial Units and Special LSI Units will be eligible for a basket of incentives mentioned in Table. 4. The total quantum of which will belinked upto the actual eligible Fixed Capital Investment. The total quantum of incentives and the Eligibility Period, will be as given in Table 4 below. However, aggregate fiscal incentives provided by various departments or agencies of the State Government shall not exceed the basket of incentives (as percentage of FCI). The incentives will be granted to the units on first-cum-first serve basis.

• The units applying for incentives and going into commercial production in the first year of policy period will be given full basket of eligible incentives as defined in Table 4, for respective category and location of the unit. If the unit applies or goes into commercial production in subsequent years of the policy period, the ceiling of basket of incentives will be reduced by 5% for each year of delay in going into commercial production (e.g. if the ceiling as per the basket is 25% and there is a delay of 1 year in submitting valid application or going into commercial production, the unit will be eligible for basket of incentives equal to 20% of eligible FCI). This provision will not be applicable to industries in thrust sectors.

• The total quantum of incentives for the food / agro processing units (secondary and tertiary processing units only and in case of Farmer Producer Companies and the units set up in government assisted Food Parks for manufacturing / processing and carrying out primary processing activity also) mentioned in Para No. 1.2 (vi), eligible green energy / bio-fuel manufacturing units and Units carrying out Industry 4.0 activity covered will be 20% over and above the limits mentioned in Table 4 below and such units will get two more years of eligibility to avail the incentives. However, in any case total incentives admissible to the eligible unit will not exceed 100 % of eligible FCI.

1. 3. Mega and ultra-mega projects

Industrial units satisfying the minimum threshold limits of FCI or direct employment prescribed shall be classified as mega projects / ultra-mega projects

Particulars	Entire state	Zone A & B	Zone C	Zone D	Zone D+	Vidharbha, Marathwada, Ratnagiri, Sindhudurg and Dhule	No industry districts, naxalism affected areas Aspirational Districts (Osmanabad, Gadchiroli, Washim and Nandurbar)
Classification	Ultra- mega	Mega industrial units
Minimum FCI (INR)	4000 cr.	1500 cr.	1000 cr.	750 cr.	500 cr.	350 cr.	200 cr.
Minimum direct employment	4000 nos.	2000 nos.	1500 nos.	1000 nos.	750 nos.	500 nos.	350 nos.

Incentive –

• Present policy of MIDC regarding allotting plots on priority basis shall continue

• High Power Committee (HPC) under Chief Secretary shall approve customized package of incentives.

• Cabinet sub-committee under the chairmanship of the Chief Minister to approve customized incentives on case to case basis

• Apart from Industries Departments Package Scheme of Incentives, the financial refunds/incentives to an industrial units from all sources put together shall be admissible within the limit of 100 per cent of FCI.

The amount of incentives to be disbursed to the MSMEs, LSI, Special LSI and Mega / Ultra Mega Units every year will be limited to the total quantum of incentives divided by the number of years as per the applicable Eligibility period with the provision of carrying forward the surplus differential between the actual sanctioned amount for a given year and the yearly disbursement limit. Deficit differential will not be carried forward.