Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2013-01-04

Maharashtra’s new industrial policy focuses on MSME sector

Maharashtra’s new industrial policy announced on Thursday has been set up focusing on micro, small and medium enterprises (MSMEs) of the state. The policy provides significant incentives for backward regions like Vidarbha ranging from power tariff subsidy

Maharashtra’s new industrial policy focuses on MSME sector

Maharashtra’s new industrial policy announced on Thursday has been set up focusing on micro, small and medium enterprises (MSMEs) of the state. The policy provides significant incentives for backward regions like Vidarbha ranging from power tariff subsidy to tax refunds targeting MSMEs. It also calls for encouraging industry clusters in the state and aims at an investment of Rs 5 lakh crore with employment generation for 20 lakh people.

The new industrial policy may now be able to help industrial units in Vidarbha in easing their power tariff burden for next three years as Re 1 per unit will be borne by the state government as subsidy for the MSMEs in this region. North Maharashtra and Marathwada regions’ units have also been given this benefit. New MSME units will be getting a rebate from electricity duty.

Also, MSMEs in talukas of B and C category will get a subsidy of 50 paise per unit for coming three years as local industrialists had been asking for lowering the power tariff since higher tariff was hampering their competitiveness.

MSMEs of C and D category talukas including those in Vidarbha region have been given a grant of equal value to Value Added Tax (VAT) paid on finished goods, along with 20 per cent to 100 per cent of input tax credit and central sales tax.

For MSMEs in Naxal-hit areas, a package scheme of financial benefits will be extended up to 90 per cent of the permissible capital investment.

Among other incentives offered are exemptions from stamp duty on the purchase of land, partial reimbursement of equipment purchased for power and water conservation, rebate on expenditure on energy and water audit.

The Confederation of Indian Industry (CII) has welcomed the move by the state government as the industry was eagerly looking forward to the new policy.

Related opportunities
  • After School Activities
    About Us: SIP Academy India is successfully running various world-class programmes...
    Locations looking for expansion Delhi
    Establishment year 2003
    Franchising Launch Date 2003
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Repair Services
    About Us: Fisixworld offers world-class mobile repair services, which lets you..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • About Us: Digi Verve Technologies, exceptionally dedicated to Excellence in Digital..
    Locations looking for expansion Karnataka
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Quick Service Restaurants
    About Us: Dilli Flavours is an eminent fine-dine restaurant in Delhi,..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
ads ads ads ads