IPS Package Scheme of incentives 2007 ( presented by Govt. Of Maharashtra)

Industrial Promotional Subsidy (PSI – 2007 Schemes)

VISION : Government of Maharashtra is one of the first states implementing packaging scheme of incentives for decentralization of industries. Scheme is proven as most effective for industrial decentralization, Government involves the chember of commerce and industries, Industrial Organisations while framing the policies. Govt. Has simplified the precedural Rule & Regulations while framing the policy and classified whole state in 6 categories like A, B, C, D, D+ & No Industry Dist. As per the Industrial development so far achieved.

A)New Micro & Small Manufacturing Enterprises, Medium Enterprises / LSI (including IT/ BT units) : New projects, which are set up in these categories in different parts of the State, will be eligible for Industrial Promotion Subsidy (IPS). The quantum of subsidy will be linked to the Fixed Capital Investment. Payment of IPS every year will be equal to 25% of any Relevant Taxes paid by the eligible unit to the State or to any of its departments or agencies.

B) Expansion units: Existing Micro & Small Manufacturing Enterprises, Medium Enterprises / LSI units making additional investment to the extent of 25% or more over the Gross Fixed Capital investment, as on the last date of the previous financial year, for expansion, diversification will also be eligible to get the Industrial Promotion Subsidy equivalent to 75% of the incentive sad missible for new units. The admissible period for availing the subsidy will be reduced by one year in the respective category and area.

Taluka / Area Classification Ceiling as % of Fixed Capital Investment Numbers of years Micro & Small Manu. Enterprises Medium Manu. Enterprises Micro & Small Manu. Enterprises Medium Manu. Enterprises The quantum of benefit and period will be as follows:

Check-list of IPS Effective Possession of Land Constitution Registration Last 4 yrs ITR Eligibility Certificate (If any) CST/ VAT / Excise Registration Cer. Employment Details Power Requirement Details

Checklist of EC Investment :- Loan Sanction Letter (If applicable) Certified true copy of building plan (If applicable) Bills of all Machineries, Dies & tools, Molds, Electrical Installation, Computers, Software, Business Vehicles, Furniture & Fixtures (for Ref. find the attachment) Licenses :- MPCB Consent Letter from MSEDCL (MSEB) regarding date of power connection to the unit (if applicable) Copy of firm quotation from MSEDCL along with receipt of payments done to MSEDCL (MSEB) (if applicable) Electric Load sanction letter (if applicable)

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