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.
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.
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.
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.
We at Interlink Capital offer our clients complete knowledge about relevant incentive schemes and assist them in the application process for getting maximum benefit for their businesses.
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.
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.
At interlink capital 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.