Maharashtra Tourism Policy

Purpose

The government aims to revitalize the tourism sector by attracting significant private investment, creating jobs, doubling tourist inflow, upgrading infrastructure, and fostering innovation. This will be achieved by encouraging private sector participation, developing
new tourism products, and leveraging digital technologies.

Eligible Categories

Accomodations

Food & Beverages

Travel & Tourism

Entertainment & Recreation

Eligible Projects (indicative list)

Hotels / Motels / Youth Hostels/Youth Clubs Resorts / Log Huts / Cottages

Ensure remunerative prices to the farmers for their produce

Serviced Apartments, Apartment Hotel, Tourist Villas Time-Sharing Resorts Agro/ Rural/ Eco tourism units Homestays/ Bed & Breakfast/ Vacation Rental Homes/ Tented Accommodation/ Tourist Apartments/ Bamboo Huts/Tree House/ mud cottages Cruise boats / Yachts / House boats for tourist.

Ensure remunerative prices to the farmers for their produce

Wayside Amenities Restaurants / Food kiosks or Food Courts at Tourist destinations/ Beach Shacks/Tents/Glassy Pods etc. with Scientific Waste Management facilities.

Ensure remunerative prices to the farmers for their produce

MICE or Convention Centres. Exhibition Spaces, Wellness Centres Tourism or Hospitality Training Centres / Hotel Management Institutes/Tourist facilitation centres etc.

Ensure remunerative prices to the farmers for their produce

Ropeways / Cable Cars Amusement Parks / Theme Parks/Adventure tourism units or parks Golf Course, Caravan & Caravan Park, Heli Tourism projects, Unity Malls, AR-VR Zones, 7 D and above Experience, Global Tourism Village, Art and Cultural Center etc. Cultural Centre / Amphitheaters / Theatres / Art Galleries/Viewing Gallery Retail Zones such as shopping malls / Multiplex / Video Game Zones (only if its part of any other Eligible Tourism Unit)

Ensure remunerative prices to the farmers for their produce

Handloom/Handicraft shops Development of adventure tourism landing sites Development of Hospitality Parks Restoration / conservation of Historical/Heritage structures/Accommodations/Buildings used as tourist attractions

Ensure remunerative prices to the farmers for their produce

Type of incentives

  • 50% to 100%
  • 50% to 100%
  • 10% to 20% of the eligible capital investment or INR 25 cr. whatever is less.
  • 50% to 100% of SGST on net paid
  • Upto 5% Interest Subvention on
    Term Loans.
  • Viability Gap Funding
  • Preparation of Feasibility Report
  • Seed Fund
  • Custom Duty waiver on tourism
  • Training and Skilling related incentives
  • Employment Generation
  • Development Capital Support
  • Special Incentive Package for Schedule Cast / Schedule Tribe
  • Green Incentives
  • Reimbursement offered up 100% or Rs.2.00 lakh for National Certification and Rs.10.00 lakh for International Certification.
  • Special thrust sector incentive
  • Incentives to Heritage Hotels
  • Concession to Homestays
  • Incentives to rural, forest, wildlife
  • Incentives to Meetings, Incentives, Conferences and Exhibitions
  • Incentives to Amusement Parks
  • Film Shooting Subsidy
  • Turnover linked Incentives

Key Factors

  • Incentives are available for a maximum of 10 years (Based on the type of incentive)

  • The Maharashtra Tourism Policy doesn’t have a fixed margin rate.

  • Mortgage of land & building, pledge of specified
    financial assets etc. as per Bank’s policy guidelines.

  • The Maharashtra Tourism Policy scheme doesn’t have a fixed interest rate.

  • Upto 5% Interest Subvention on Term Loans.

  • The Maharashtra Tourism Policy does not explicitly mention specific repayment and moratorium periods for loans.