Maharashtra Tourism Policy 2024 Subsidy Advisory for Tourism Units
Under the Maharashtra Tourism Policy 2024, an eligible tourism unit claims up to 20% capital investment subsidy, SGST reimbursement of up to 50% to 100%, electricity duty and tariff benefits, stamp duty exemption up to 50% to 100%, and interest subvention, based on its zone. Bizastra’s CA team handles eligibility, zone mapping, the benefit claim and disbursement. It is one of several Maharashtra industrial subsidy schemes that BizAstra advises on.
Capital investment subsidy (all zones)
SGST reimbursement
Eligibility period
A, B, C and STZ
What Is the Maharashtra Tourism Policy 2024?
The Maharashtra Tourism Policy 2024 is the state’s tourism incentive policy, applicable from 2024, until a new policy comes into force. It supports tourism units such as hotels, resorts, rural tourism units and homestays with up to 20% capital investment subsidy, and up to 100% of SGST reimbursement, electricity, stamp duty and interest benefits. How much you get depends on your zone. Less developed zones (Zone C and Special Tourism Zones) receive the highest benefits. MSME tourism units are classified as service enterprises under the MSMED Act, 2006. Manufacturing, IT and logistics projects in Maharashtra are covered by MIISP 2025 instead.
Which Tourism Units Are Eligible?
You can claim as a new tourism unit (not formed by re-establishment, change of ownership, change in constitution, reconstruction or revival of an existing unit), or as an expansion of an existing unit that is already in production. The main categories are below.
Hotels
Minimum 10 lettable rooms with attached bathroom, a public toilet for visitors, and room, bathroom and AC facilities as per the norms of the Department of Tourism.
Resorts
Villas
- Tourist Villas must have at least 3 lettable villas, each with 2 rooms and a kitchenette equipped with kitchenware, cooking gas, and dinnerware for at least 3 people.
- Each villa should have a bathroom attached to the bedroom, a telephone facility, and air-conditioning in at least 50% of the bedrooms. Entertainment provisions must also be included.
The policy also recognises other tourism categories with their own support heads, including homestays, heritage hotels, agri and agro tourism, rural, forest and wildlife tourism, MICE (meetings, incentives, conferences and exhibitions) and amusement parks. If you are setting up an agri or agro tourism unit, you can be assessed under the same MSME framework. Bizastra will confirm the exact category before you apply.
Zone Classification Under MTP 2024
| Zone | Regions Covered | Character |
|---|---|---|
| Zone A | Mumbai, Thane, Navi Mumbai | Highly developed regions |
| Zone B | Pune, Nashik, Nagpur, Aurangabad | Developed but emerging |
| Zone C | Rest of Maharashtra | Underdeveloped, high tourism potential |
| Special Tourism Zones (STZ) | Identified high-potential tourism areas | Eco-tourism and heritage sites |
What MSME Tourism Units Get Under MTP 2024
| Benefit | Zone A | Zone B | Zone C | STZ |
|---|---|---|---|---|
| Eligible capital investment subsidy | 20% | 20% | 20% | 20% |
| Eligibility period | 5 years | 5 years | 7 years | 7 years |
| SGST reimbursement (on net SGST paid) | 50% | 75% | 100% | 100% |
| Electricity duty exemption | 50% | 75% | 100% | 100% |
| Electricity tariff refund (difference between commercial and industrial tariff) | 50% | 75% | 100% | 100% |
| Interest subvention (up to 5%), on loan up to | Rs 5 Cr | Rs 10 Cr | Rs 15 Cr | Rs 20 Cr |
| Interest subvention ceiling (within eligibility period) | Rs 20 Lakh | Rs 25 Lakh | Rs 50 Lakh | Rs 50 Lakh |
| Stamp duty and registration exemption | 50% | 75% | 100% | 100% |
Certification and Sustainability Incentives
| Incentive | What you get |
|---|---|
| Quality certification incentive (and Travel for LiFE registration and certification) | Reimbursement of up to 100% of certification cost, maximum Rs 2 Lakh for national certification and Rs 10 Lakh for international certification. Covers registration, application fees and other payments to the certifying authority. |
| Sustainability Initiative Incentive | Up to 25% of the capital cost of implementing sustainability initiatives. Ceiling on reimbursement per project is Rs 25 Lakh or the actual GST paid cost, whichever is less. |
What Investment Is Eligible?
| No. | Eligible investment component |
|---|---|
| 1 | Land (eligible for incentives except for the SGST refund) |
| 2 | Building, that is any built-up area used for the eligible unit, including the administrative building |
| 3 | Plant and Machinery |
| 4 | Indigenous and imported machinery and equipment |
| 5 | Material handling equipment |
| 6 | Fixtures, furniture and fittings |
| 7 | Solid and liquid waste treatment facilities |
| 8 | Mechanical, electrical and plumbing installation |
| 9 | Transformer and generator |
| 10 | Captive power plant and renewable energy source |
| 11 | Utility and installation charges and other ancillary facilities installed for use in the premises |
How Bizastra Handles Your MTP 2024 Claim
Classify and Assess
We confirm your category (hotel, resort, rural, homestay and more), your zone (A, B, C or STZ), and map the benefits that apply.
Structure Investment and File
We build your eligible investment across land, building, plant and machinery and the rest, and file the claim with the correct documents.
Follow Up and Disburse
We manage compliance and follow-up through to disbursement of your capital subsidy, SGST reimbursement and other benefits over the eligibility period.
CA-Led Subsidy Advisory, End to End
Policy specialists
Nothing left unclaimed
Right zone, right category