Maharashtra New Industrial Policy (2019-2024)

The State of Maharashtra has implemented the Industrial Policy 2019 to boost industrial growth. As part of this policy, the Package Scheme of Incentives (PSI 2019) was introduced, offering various innovative initiatives. The scheme aims to incentivise eligible industrial units in manufacturing, IT manufacturing, biotechnology, and agro-processing sectors. It is valid from 1 April 2019 until 31 March 2024 or until the new Package Scheme of Incentives is introduced. Eligible units must commence commercial production, acquire fixed assets, and complete payment within the 4-year investment period to enjoy the range of benefits on offer.

How Grant Thornton Bharat can help

  • Eligibility Evaluation

    Conduct a comprehensive assessment of eligibility criteria based on relevant parameters.

  • Review and compile all necessary documents, information, simulations, and projections to meticulously prepare the application. Provide expert assistance in applying with the state of Maharashtra.

  • Efficiently address and respond to any queries the government or nodal agency raises. Prepare more replies and effectively represent the organisation before the concerned authorities.

  • Proactively engage in follow-up activities with the government authorities and nodal agency after the application filing. Schedule and conduct meetings to ensure a smooth and timely process.

  • Assist in conducting periodic reviews to ensure compliance with the eligibility conditions outlined in the scheme. Provide guidance and support in addressing any necessary modifications or updates.

  • Make dedicated efforts to assist in obtaining the claim for incentives. Facilitate the disbursement of funds by coordinating with the relevant stakeholders involved in the process.

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