Maharashtra, a state of opportunity and growth has being the strongest player in the states race for perfection and economic contribution. The state government has been introducing and launching various incentives and growth policies. Maharashtra has become the First State to unveil a dedicated Industrial Policy for the Women Entrepreneurs to promote growth and employment of the female sector in the society. This article highlights the Salient Features of Maharashtra State Women Entrepreneurs Policy – 2017.
Salient Features of Maharashtra State Women Entrepreneurs Policy – 2017
Maharashtra is India’s most industrialised state, it has a poor women participation rate of 9 % in the MSME sector. The policy aims at increasing the percentage minimum upto 20% in the coming years. For the first time the government has extended a capital grant incentive to an industry segment.
The eligibility criteria for getting the benefit under the policy is: Woman/Women shall be a promoter/ 100 % stakeholders of the establishment (Proprietary, Partnership, Private or Public Limited Company, Cooperative Society, Self Help Group) along with minimum 50% of Women Employees who are seeking for the benefits under the policy. Some of Salient Features of Maharashtra State Women Entrepreneurs Policy – 2017 are as under:
|Benefits||New and Expansion MSME Units|
|Capital Subsidy||Between 15% to 30% of Fixed Capital Investment with a Limit up to Rs. 1 Cr. depending on the Location of the Unit.|
|Power Subsidy||Rs. 2 Per Unit for the units located in Vidharbha, Marathwada, Ratnagiri & Sindhudurg in Konkan region, and Northern Maharashtra and Rs.1.00 per unit for the units in other areas of the State for a period of 5 years from the date of production.|
|Interest Subsidy||5% per annum interest paid to the banks and public financial institutions on the amount of term loans taken for acquisition of fixed assets.|
|Workforce Welfare Assistance||50% Refund of EPF/ESI paid towards women employment for the period of 5 years.|
|Brand Development||50% of cost of brand development limited to a maximum of Rs.1.00 Cr.|
|Assistance for participation
|To participants: 75% of stall rentals – limited to Rs 0.50 lac for domestic and Rs.3.00 lacs for international exhibitions.
To Woman/en organisers: up to 50% of cost limited to a maximum of Rs.10 lacs.
|Incubation||30% space reserved for the women entrepreneur in the
Incubation Centres promoted by the State.
|Awards||women-centric enterprises will be awarded every year.|
|Venture Fund||Rs. 50 Cr special venture fund for Women & Child Development Department.|
|Training assistance of Rs.3000/- per women employee per year for the initial 3 years of the unit from the date of commencement of commercial production.
The assistance will be linked to “Late Pramod Mahajan Skill Development Scheme”.
|Additional fiscal benefits under
Package Scheme of Incentive-2013
|Incentives of C zone will be applicable to industries located in A & B zones.
Incentives of D+ zone will be applicable to industries located
in C & D zones.
Incentives of Naxal Affected Areas will be applicable to industries located in D+ and No Industry District zones.
Industrial Promotion Subsidy : GST Refund.
Stamp Duty Exemption
Electricity Duty Exemption
Incentives for strengthening of
Maximum Incentive Limit for New Unit
|MSME Units (in Lakhs)||Large unit
|No Ind. Area||90||70||10||7|
Note : For expansion/diversification the incentives will be restricted to 75% of ceiling limit stipulated by policy and number of years will be reduced by 1 year.
To know the complete Policy Click Here.
ASCC Industrial Consultants
ASCC is a leading Industrial Real Estate Consultant in Maharashtra is a registered Pvt and SSI (in service sector) established in 2004 with a track record of serving about 450+ industries which includes 31 fortune 500 companies or MNCs. We have a team of highly skilled specialists provides strategic and operational support for doing business in India. The strategic support includes selection of site for setting up the industry (Acquisition of Leasehold Industrial Land under Priority Allotment (FDI), allotment through e-bidding, Resale Industrial land) and all legal property transfer formalities, and operation support includes support for obtaining all requisite consents, NOCs, Permissions and Licenses to establish and run the industry.
Ascent Supply Chain Consultants Private Limited,
406 Raheja Arcade, Sector-11, CBD Belapur,
Navi Mumbai – 400614, MH – India.