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Maharashtra Industrial Policy 2025

MIISP 2025 : Maharashtra Industries Investment Services Policy Advisory and Consulting

Maharashtra’s most comprehensive industrial incentive framework. Industrial incentives linked to Fixed Capital Investment (FCI), capital subsidy, stamp duty waiver, electricity duty exemption, and customised mega project packages for manufacturing and service sector units across Talukas. Bizastra’s CA-led team handles your eligibility assessment, application filing, and subsidy disbursement.
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Crore Secured

Clients Served

Years MH Policy Experience

Schemes Covered

Understanding the Policy

What Is the Maharashtra Industries Investment Services Policy 2025?

MIISP 2025 is Maharashtra’s new industrial subsidy framework, issued on 31 December 2025 under GR No. M/Ind-2023/P.No.187/Udyog-2. It replaces PSI 2019 and covers both manufacturing and services with industrial incentives linked to Fixed Capital Investment (FCI), capital subsidy, stamp duty exemption, interest subsidy, and electricity duty exemption, plus EPF reimbursement. Valid until 30 December 2030.

The Maharashtra investment policy 2025 is the first state policy to treat the service sector at par with manufacturing. IT/ITES companies, GCCs, logistics operators, and tourism businesses are now eligible for the same incentive basket as factory owners.

It also introduces production-linked incentives alongside capital subsidies, a significant evolution from PSI 2019 which was purely revenue-linked.

A notable change for manufacturers is that incentive eligibility now extends more broadly across Talukas than under the earlier scheme. The actual incentive quantum depends upon Taluka classification, project category, and location, so units in areas that were previously excluded may now qualify for support.

Maharashtra Industries Investment Services Policy
MIISP 2025 Incentives

What Financial Benefits Does MIISP 2025 Offer?

MIISP 2025 MSME benefits are the strongest in the scheme. MSMEs get the highest IPS percentage and access to all benefit heads.

The Maharashtra Industries Investment Services Policy 2025 bundles multiple incentive heads into a single entitlement framework. Whether you’re looking for a Maharashtra capital subsidy scheme, Maharashtra SGST refund, or Maharashtra subsidy for manufacturing 2025, here’s the complete picture of what’s available.

IncentiveWhat You GetWho Gets It
IPS (Industrial Promotion Subsidy) Industrial incentives ranging from 30%–80% of Fixed Capital Investment (FCI), with higher benefits available for eligible categories and regions All eligible units (MSMEs, LSI, Special LSI)
Capital Subsidy NEW Available for eligible thrust sectors, export-oriented units, circular economy businesses, and specified categories depending upon location and eligibility Depending upon location and eligibility
Stamp Duty Exemption 100% waiver in C, D, D+ and backward zones New and expansion units
Interest Subsidy Up to 5% p.a. on term loans (capped ₹1 crore/yr) MSMEs in Group C and below
Electricity Duty Exemption Eligible manufacturing units may receive electricity duty exemptions depending upon category and location Eligible manufacturing units (category- and location-dependent)
Electricity Duty Exemption (Period) 7 to 15 years Zone-dependent
EPF Reimbursement NEW 50% of employer's EPF for 5 years Units in Group D, D+ (20+ jobs/₹1 crore)
Anchor-Vendor NEW Vendor-level incentives for captive suppliers Mega/ultra-mega project vendors
Not sure which MIISP 2025 incentives apply to your project?
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Zone Classification

How Much Subsidy Can You Get? Zone-Wise MIISP 2025 Breakdown

Your incentive quantum under the Maharashtra industrial policy 2025 depends upon Taluka classification, project category, and location. The more backward the Taluka, the higher the incentive available.
Incentive quantum depends upon Taluka classification, project category, and location. Eligibility periods and the benefit heads available vary accordingly, with higher benefits generally available in more backward Talukas and for eligible categories and regions.

Location is the single biggest driver of your incentive quantum. The same capital investment can attract very different benefits depending upon the Taluka classification and project category, so the difference between two prospective sites can be substantial. This is why we always advise location analysis before land commitment.

MIISP 2025 Eligibility

Who Is Eligible for MIISP 2025 Incentives?

New and expansion manufacturing and service sector units in Maharashtra that complete at least one effective step (land acquisition, MIDC allotment, MPCB consent, or incorporation) during the MIISP 2025 policy period. MSMEs, LSI, Special LSI, mega, and ultra-mega projects all qualify.
Eligible Categories

Manufacturing Units

New and expansion manufacturing units across eligible sectors.

Service Sector Units

Eligible service sector businesses, including IT/ITES and allied services.

Export-Oriented Units

Units engaged in export-oriented production and operations.

Circular Economy Businesses

Businesses operating in recycling, reuse, and circular economy models.

Women / SC-ST / PwD Enterprises

Enterprises promoted by women, SC/ST, and persons with disabilities.

Priority and Thrust Sectors

Priority and thrust sectors notified under the policy.
Not Eligible
Alcohol, tobacco, and cigarette manufacturers. Textile units covered under the separate Textile Policy. Units that don’t obtain an Eligibility Certificate. Reconstruction of existing units (unless via asset purchase).
PSI 2025 Maharashtra

What Changed from PSI 2019 to MIISP 2025?

The Maharashtra Industries Investment Services Policy 2025 introduces several firsts. Here’s a side-by-side comparison.

ParameterPSI 2019MIISP 2025
Group A IPS Not available Available, based on Taluka classification, project category, and location NEW
Service Sector Excluded Included at par with manufacturing NEW
Capital Subsidy Not available Available for eligible thrust sectors, export-oriented units, circular economy businesses, and specified categories NEW
Incentive Model Revenue-linked only Revenue + production-linked
EPF Reimbursement Not available 50% for 5 years (Group D, D+) NEW
Anchor-Vendor Not available Available for mega project suppliers NEW
Validity 1 Apr 2019 to 31 Mar 2024 31 Dec 2025 to 30 Dec 2030
Sustainability Not addressed Green energy, carbon targets integrated
Fortune 500 Incentive Not available Customised packages for billion-dollar companies

Transition rule: If your project completed effective steps under PSI 2019 and you haven’t filed your application yet, you can apply under MIISP 2025. But the incentives will be the lower of PSI 2019 or the new scheme. Talk to our CA team before deciding which route to take.

Eligibility

MIISP 2025 for Mega and Ultra-Mega Project Subsidy

The MIISP 2025 mega project incentive structure is unlike standard zone-based tables. Maharashtra mega ultra mega project subsidy packages are customised at the highest levels of government.

Mega Project Threshold

₹250 crore+ FCI or 500+ permanent jobs (varies by zone). Approved by High Power Committee chaired by the Chief Secretary, Government of Maharashtra.

Ultra-Mega Project Threshold

₹1,000 crore+ FCI or 2,000+ permanent jobs. Cabinet Sub-Committee (chaired by Chief Minister) can approve extra incentives for prestigious projects.

Anchor-Vendor Incentive

Captive suppliers of mega units get incentives comparable to the anchor unit (excluding land and capital subsidy). Strengthens local vendor ecosystems.

Fortune 500 Companies

Billion-dollar companies receive highly subsidised land allotments and customised packages, especially in emerging and low-income districts.
Planning a ₹250 crore+ investment in Maharashtra?
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Combined Benefits

Can You Combine MIISP 2025 with Central Government Schemes?

Yes. MIISP 2025 rewards capital investment (SGST refund, stamp duty). Central schemes like PLI reward production output (4 to 6% on incremental sales). They operate on different benefit heads and can be claimed simultaneously with proper structuring.

When we structured a PSI 2019 + PLI stack for an electronics manufacturing client, the combined benefit was ₹3.2 crore in Year 1 alone. The same stacking logic applies to MIISP 2025, with even more potential due to the new capital subsidy component.

At Bizastra, we conduct a stacking analysis for every advisory engagement, identifying all legally permissible Central and State scheme combinations and modelling total entitlement across the full eligibility period.
MIISP 2025
How to Apply

MIISP 2025 Application Process: Step by Step

Confirm Your Zone

Verify your taluka’s group classification in the MIISP 2025 Annexure-I. This determines your IPS cap and eligibility period.

Calculate Your FCI

Determine unit category: Micro, Small, Medium, LSI, Special LSI, or Mega. FCI includes land, building, plant, machinery, and pre-operative expenses (up to 10%).

Complete Effective Step

Land purchase, MIDC allotment, MPCB consent, or incorporation. This date establishes your eligibility start.

File for Eligibility Certificate

Apply on the Invest Maharashtra portal (invest.maharashtra.gov.in) before commencing commercial production.

Commence Production

Start commercial operations per EC terms. Generate first sale within Maharashtra to trigger eligibility period.

File Annual IPS Claims

Submit GSTR returns with CA-certified SGST confirmation annually. Registrations needed before filing →
At Bizastra, we handle steps 1 through 6 end-to-end. Our CA team structures your documentation, CAPEX classification, and compliance filings so the EC goes through without rejections. A rejected EC means starting the entire process over, which can cost you a full year of benefits.
MIISP 2025 Consultant

Why 500+ Manufacturers Trust Bizastra for Maharashtra Subsidy Advisory

CA-Led, Not Agent-Led

Founded and managed by practising Chartered Accountants with 16+ years in state and central policy. CA Ankur Surana personally oversees Maharashtra mandates including MIISP 2025, PSI 2019, and EV Policy.

₹1,000+ Crore Track Record

500+ industrial clients. Active filing experience across all Maharashtra zone categories (Group A through D+, Aspirational Districts). Clients across 12 countries including Japan, USA, Switzerland, Austria, and Israel.

End-to-End, Not Advice-Only

Eligibility mapping, application filing, EC procurement, annual compliance, disbursement tracking. We stay on the mandate until the money reaches your account.

No-Risk Engagement Model

Free eligibility assessment delivered in 3 business days. No retainer, no advance for most mandates. Success-linked fee structure proportionate to benefit quantum.

Check If Your Project Qualifies for MIISP 2025?

Most manufacturers who come to Bizastra discover they’re eligible for significantly more than they expected, across multiple benefit heads, over a longer period than they assumed. The first step is a structured eligibility mapping. Our CA team does it for your specific project within 3 business days, at no cost.
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Frequently Asked Questions

MIISP 2025 : Common Questions Answered

These are the questions we get asked most about the Maharashtra Industries Investment Services Policy 2025.
What is the Maharashtra Industries Investment Services Policy 2025 in simple terms?
MIISP 2025 is Maharashtra’s new industrial subsidy programme. It replaces PSI 2019 and gives manufacturing and service units industrial incentives ranging from 30% to 80% of Fixed Capital Investment (FCI), stamp duty waiver, interest subsidy, electricity duty exemption, capital subsidy, and EPF reimbursement over 5 to 10 years depending upon Taluka classification, project category, and location. Issued 31 December 2025, valid until 30 December 2030.
How much MIISP 2025 subsidy can I actually get?
It depends upon Taluka classification, project category, and location. Industrial incentives generally range from 30% to 80% of Fixed Capital Investment (FCI) over the eligibility period, with higher benefits available for eligible categories and regions. Capital subsidy benefits are available for eligible thrust sectors, export-oriented units, circular economy businesses, and specified categories depending upon location and eligibility.
Is PSI 2019 still valid or has MIISP 2025 replaced it?

MIISP 2025 was announced on 31 December 2025. The implementing GR for the new PSI 2025 incentive scheme is still being published. Until then, PSI 2019 remains operative for existing applicants. Read our full PSI 2019 guide for transition details.

Does MIISP 2025 cover service sector companies?
Yes. For the first time, Maharashtra treats the service sector at par with manufacturing. IT/ITES, GCCs, logistics, tourism, and AVGC-XR companies are eligible for industrial incentives, EPF reimbursement, and employment-linked incentives under MIISP 2025.
Can I combine MIISP 2025 with PLI or other Central schemes?

Yes. MIISP 2025 rewards capital investment. PLI rewards production output. They don’t overlap. Bizastra conducts a stacking analysis for every engagement to identify all legally permissible Central and State scheme combinations.

What is the minimum investment to qualify for MIISP 2025?
There’s no single minimum. Micro enterprises can qualify with FCI as low as ₹1 crore. Large Scale Industries need FCI above ₹125 crore. Mega projects need ₹250 crore+ or 500+ jobs. Classification depends on both FCI and zone.
Do I need a consultant to apply for MIISP 2025?
Technically, no. Practically, the scheme involves zone classification, FCI structuring, CA-certified calculations, annual compliance, and correct filing sequence. One error can delay your Eligibility Certificate by a year. Bizastra handles end-to-end advisory from documentation to disbursement, so you focus on manufacturing while we handle the policy.

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