MumbaiNewsTop Stories

Maha to provide 50% subsidy for SMEs on land under MIDC


To help SMEs set up plants in the state, the Maharashtra government is providing land at half of the market price in various industrial clusters.”The SMEs are free to apply for two-acre land anywhere falling under MIDC areas across the state for setting up a plant. Maharashtra government is providing 50 per cent subsidy on those plots of land,” state industry secretary Apurva Chandra told reporters on the sidelines of the Make in India Week.

Moreover, the state government is trying to sort out problems like making the subsidy available to the SMEs and also making the plots of land available for them beyond Maharashtra Industrial Development Corporation (MIDC) areas, by holding talks with authorities. The secretary agreed to the fact that it was getting difficult to provide land to SMEs outside clusters, he said.
that he will talk to the district authorities concerned to tackle the problem.

“I do agree that providing any plot of land outside MIDC areas is a bit difficult. Still we are trying to sort out the difficulty in such cases by holding direct talks with the district authorities concerned,” he said.

However, SMEs are unable to get subsidies from the state government while purchasing land in the industrial clusters even after getting the subsidy allotted to them.

The industry secretary said that the problem would be sorted out in a month’s time.


NMTV was launched in the year 1999, and is Maharashtra only accredited 24-hour, 7-day-a-week local cable news station of Navi Mumbai airing news bulletins and programs in English, Hindi and Marathi. NMTV represents the state-of-the-art in local television news coverage, delivering on a commitment of responsible and community-oriented journalism on an around-the-clock basis.

Related Articles

Back to top button