Subsidies & government grant advisory

Government’s view of the economy can be summed up as: if it moves, tax it. If it keeps moving, regulate it. And it stops, subsidise it. Government grants and subsidies are the benefit provided which can act as an leverage for your organisation. We provide one-stop solution from application to a grant to the receipt of the final tranche of the benefit.

Our Offerings

Packaged Scheme of Incentives (PSI 2013/2019) of Ministry of Industries - Government of Maharashtra
  • To attract Industrialisation in the remote area Maharashtra, government has been given incentives to the industrial set up since 1963. Such schemes encourage the dispersal of industries to the less developed areas the State. The salient features of the recent Incentive Scheme are as under:
  • Validity Period: Maharashtra Package Scheme of Incentive 2019 validity period is From 1st April 2019 to 31st March 2024 or till the new Package Scheme of Incentives comes into force.
  • We provide composite services from application for the subsidy to completion of all procedures up to receipt of final tranche of the subsidy.
Subsidies under scheme of cold chain, value addition and preservation of infrastructure
  • The Ministry of Food Processing Industries (MOFPI) is a ministry of the Government of India responsible for formulation and administration of the rules and regulations and laws relating to food processing in India.
  • The objective of the Scheme of Cold Chain, Value Addition and Preservation Infrastructure 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 facility along the entire supply chain viz. pre-cooling, weighing, sorting, grading, waxing facilities at farm level, multi product/ multi temperature cold storage, packing facility, IQF, blast freezing in the distribution hub and reefer vans, mobile cooling units for facilitating distribution of horticulture, organic produce, marine, dairy, meat and poultry etc. The scheme allows flexibility in project planning with special emphasis on creation of cold chain infrastructure at farm level.
  • We provide composite services from application for the subsidy to completion of all procedures up to receipt of final tranche of the subsidy.
  • 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 other allied economic activities in rural areas with a view to promote integrated rural development and prosperity and for matters connected therewith.
  • NABARD is responsible for regulating and supervising the functions of co-operative banks and RRBs. NABARD works towards providing a strong and efficient rural credit delivery system, capable of taking care of the expanding and diverse credit needs of agriculture and rural development.
Merchandise Exports from India Scheme (MEIS)
  • Under the MEIS scheme, certain rewards and incentives are given to exporters. Such incentives are given to exporters at s specified rate which varies from product to product and from country to country
  • The incentives under the schemes are calculated as a percentage, which is 2%, 3% or 5% of the realised FOB (free-on-board) value exports in free foreign exchange or FOB value of exports as per shipping bills in free foreign exchange. The incentives are allotted through a MEIS duty credit scrip.
Service Exports from India Scheme (SEIS)
  • Service Exports from India Scheme (SEIS) aims to promote export of services from India by providing duty scrip credit for eligible exports. Under the scheme, service providers, located in India, would be rewarded under the SEIS scheme, for all eligible export of services from India.
  • Service Providers of notified services, located in India are eligible for the Service Exports from India Scheme. To be eligible, a service provider (Company / LLP / Partnership Firm) should have a minimum net free foreign exchange earnings of USD 15,000 in the preceding financial year to be eligible for duty credit scrips. For proprietorships or individual service providers, a minimum net foreign exchange earnings of USD 10,000 in the preceding financial year is required to be eligible for the scheme. Also, in order to claim reward under the SEIS scheme, the service provider shall have to have an active Import Export Code (IE Code) at the time of rendering such services for which rewards are claimed.
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