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Mild Steel (MS) Ingots — Induction Furnace · Maharashtra

What it takes to start mild steel (ms) ingots — induction furnace in Maharashtra: today’s cost, the central and state subsidy, where the work already happens and who can help.

cost in the report
₹2.6 crore
priced in
2011
in today’s money (estimate)
≈ ₹4.4 crore

Subsidy you could get here

What kind of unit?
You are
For PMEGP, OBC, minority, ex-servicemen and Divyang founders are also special category; state schemes name their own groups.
Where is the unit?

What you could get

PMEGP margin money (central)25% of project cost, kept in your loan account for 3 years. Your own share: ₹44.13 lakh. Project is above the PMEGP limit, so only the limit counts.₹12.5 lakh
State capital subsidy — MaharashtraNo capital-subsidy figure we can rely on for this state yet.—
State interest helpShown as the rule only: the amount depends on your bank’s interest rate.Up to 5% a year on term-loan interest; the unit must bear at least 5% itself. Runs for the zone's incentive period (5 to 10 years).—
Up to, if every scheme applies₹12.5 lakh

These are separate schemes with their own rules. Many states do not pay their capital subsidy on the same cost that PMEGP already covers, and every subsidy is paid only after approval. Confirm the combination at your District Industries Centre.

Also in this state

  • SGST refund: Industrial Promotion Subsidy: 100% of gross SGST on the first sale inside Maharashtra, within the zone's overall ceiling (30% to 100% of fixed capital investment) for 5 to 10 years. Source ↗
  • Stamp duty: 100% exemption in Group C, D, D+ and lower talukas; 50% waiver in Group A and B, only on the first lease or conveyance deed. Source ↗
  • Electricity duty: Electricity duty exemption for the incentive period in Group C, D, D+ and lower (in A and B only for 50%-export units or units fully owned by women/SC/ST/PwD). New units in Group D, D+ and lower also get ₹1 per unit power subsidy for 3 years, up to ₹1 crore. Source ↗
  • Chief Minister Employment Generation Programme (CMEGP): For first-time entrepreneurs with a bank loan. Manufacturing projects up to ₹1 crore, service up to ₹50 lakh. Subsidy (margin money): general 15% urban / 25% rural (manufacturing max ₹7.5 lakh / ₹12.5 lakh); special category incl. women, SC, ST 25% urban / 35% rural (max ₹12.5 lakh / ₹17.5 lakh). Adjusted after 3 years of loan disbursement. Source ↗
  • EPF reimbursement (MIISP 2025): 50% of the employer's EPF contribution for 5 years, up to ₹5 crore, for units in Group D, D+ and lower that create more than 20 jobs per ₹1 crore invested. Source ↗
  • Performance-linked add-ons (MIISP 2025): Technology upgradation 50% up to ₹25 lakh; quality certification 75%; patents/IPR up to ₹2 lakh (India) or ₹10 lakh (abroad); ZED 50% of fee up to ₹50,000; energy audit 50% up to ₹2 lakh; credit rating 50% up to ₹1 lakh. Source ↗
  • One-time scale-up grant (MIISP 2025): 50% of the extra investment when a unit grows: micro to small up to ₹5 lakh, small to medium up to ₹10 lakh (first 25,000 units). Source ↗
  • Maharashtra Export Promotion Policy 2023: First-time MSME exporters: 50% of logistics cost up to ₹1 lakh (twice in the policy period). Special capital subsidy for technology upgradation of exporting units: 30% or ₹1 crore, whichever is less (₹1.5 crore inside export zones). Source ↗

How sure we are about this state: Medium · Policy: Maharashtra Industries, Investment & Services Policy 2025 (MIISP 2025) ↗ · Source ↗

An estimate from published scheme rules, not an approval. Amounts are rounded.

Where this work already happens

No industry town for this business is recorded in this state yet.

Land and sheds

Land and sheds

Free government help in this state

41 offices: District Industries Centres, MSME offices and more

Maharashtra

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