Packaged Scheme of Incentives (PSI 2013/2019) – Ministry of Industries, Government of Maharashtra

To attract industrialisation in remote areas of Maharashtra, the government has been providing incentives to industrial setups since 1963. Such schemes encourage the dispersal of industries to less developed areas of the State. Salient Features:

 

• Validity Period: Maharashtra Package Scheme of Incentive 2019 is valid from 1st April 2019 to 31st March 2024, or until a new scheme comes into force. We provide composite services from application for the subsidy to completion of all procedures up to receipt of the final tranche.

Subsidies under Scheme of Cold Chain, Value Addition and Preservation of Infrastructure

The Ministry of Food Processing Industries (MOFPI) is responsible for formulation and administration of rules and regulations relating to food processing in India. The objective of this scheme is to provide integrated cold chain and preservation infrastructure facilities, without any break, from the farm gate to the consumer. It covers creation of infrastructure facilities along the entire supply chain, including:

 

• Pre-cooling, weighing, sorting, grading, waxing facilities at farm level
• Multi-product/multi-temperature cold storage
• Packing facilities, IQF, blast freezing at distribution hubs
• Reefer vans and mobile cooling units for distribution of horticulture, organic produce, marine, dairy, meat and poultry

We provide composite services from application for the subsidy to completion of all procedures up to receipt of the final tranche.

NABARD

NABARD is an apex development bank authorised for providing and regulating credit and other facilities for the promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts, and allied economic activities in rural areas. Its objective is to promote integrated rural development and prosperity. NABARD is responsible for regulating and supervising the functions of co-operative banks and RRBs and works towards providing a strong and efficient rural credit delivery system capable of meeting the diverse credit needs of agriculture and rural development.

 

Merchandise Exports from India Scheme (MEIS)

 

Under the MEIS scheme, rewards and incentives are given to exporters at specified rates, varying by product and country.

 

• Incentives are calculated as a percentage (2%, 3%, or 5%) of the realised FOB (free-on-board) value of exports in free foreign exchange, or FOB value as per shipping bills.
• Incentives are allotted through a MEIS duty credit scrip.