For industrial promotion & state economic growth
The government of different states is offering schemes for supporting businesses and creating opportunities to promote the state’s economy.
Maharashtra, a hub of innovation, creativity, and excellence is the second most industrialized state contributing 20% of the national industrial output.
Maharashtra’s government policies provide significant opportunities for MNCs and foreign investors. Thus, to promote these sectors the government provides various subsidies to attract new entrepreneurship and create employment opportunities.
The Maharashtra Industrial Policy provides incentives to MSMEs which are mentioned below:
Promotion of Thrust Sector
The government has identified certain thrust sectors intending to steer industrial development and generate employment.
The thrust sectors are-
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