Maharashtra New Tourism Policy 2024 - Capital Investment Incentive
The Maharashtra Tourism Policy 2024 is a policy launched by the Government of Maharashtra (through the Directorate of Tourism). Its purpose is to position Maharashtra as a global tourist destination by attracting large private investment (target ₹1,00,000 crore over 10 years) and generating around 18 lakh jobs. The benefit to you: If you as an MSME set up or expand a tourism unit (say hotel/resort/eco-tourism/homestay etc) in Maharashtra under this policy, you become eligible for a Capital Investment Incentive (among other fiscal & non-fiscal incentives), which lowers your effective capital cost and improves project viability.
Key Features
- Capital Investment Incentive: The policy offers subsidy support expressed as a percentage of eligible capital investment (for structures, plant & machinery, equipment, etc) for tourism projects. For example, for hotel/accommodation units the subsidy may be 20% of eligible CAPEX (or up to a cap) and for other types like homestays/eco units it may be 15%.
- Zone-wise / Category differentiation: The policy differentiates tourism units by type (Accommodation A, Accommodation B, F&B, Travel & Tourism services, Entertainment & Recreation, Other tourism units) and provides different subsidy ceilings or % of CAPEX for each category.
- Eligible period for investment: The policy states that only investments made within a specified investment period (often up to 4 years prior to the Commercial Operation Date – COD) are counted as eligible CAPEX for the incentive.
- Eligible tourism units broadly defined: The policy covers a wide spectrum - Hotels or motels or resorts, homestays, agro-rural tourism, wayside amenities, MICE/exhibition centres, amusement parks, etc. This means your enterprise in any of those segments may qualify under the Capital Investment Incentive.
- Non-fiscal incentives: In addition to the capital subsidy, the policy offers non-fiscal benefits like increased FSI (Floor Space Index), industry status for tourism units (making them eligible for broader industrial incentives), single-window clearance, land-conversion relaxations. These complement the capital subsidy by reducing regulatory cost/time.
- Other fiscal incentives: The policy bundles the capital investment incentive with other fiscal supports - SGST reimbursement, electricity duty exemption, interest subsidy, green/sustainability incentives, stamp duty/registration fee waiver. As a tourism unit you can avail the capital incentive plus these, subject to policy conditions.
Financial Assistance
Eligibility Criteria
Who Can Apply:
- New tourism projects or expansion/modernisation of existing tourism units in Maharashtra that qualify as eligible categories under the policy (e.g., hotels, resorts, homestays, eco-tourism, MICE, entertainment parks).
- Projects admitted on or after the notification date of the policy and meeting minimum investment / fixed asset / operational commencement conditions.
- Projects that register with the state tourism department, obtain the required approvals and meet sustainability/green norms (where applicable).
Who Cannot Apply:
- Projects located outside Maharashtra.
- Projects not falling into the defined “Tourism Unit” categories under the policy.
- Projects where investment is made before the permissible investment window or not meeting asset/commercial operation criteria.
- Projects that fail to comply with other policy conditions (for example, not registered, not operational in due time)
Documents Required
- Registration certificate of the tourism unit (issued by the tourism department).
- Detailed Project Report (DPR) covering fixed capital investment, timeline, employment, sustainability/environmental plan.
- Land/lease documents and building approvals (if applicable).
- Investment proof: invoices, bills for building, plant & machinery, furniture, fixtures, interiors (within the permissible investment period).
- Commercial Operation Certificate (COD) or proof of commencement of operations.
- Bank account details, PAN/GST registration.
- Employment record (staff hired).
- Sustainability or green infrastructure proof if claiming green incentives (solar, water/waste systems).
- Any additional affidavits/undertakings as per policy.
Application Process for the Scheme
Option 1: Apply with Bullit (Recommended)
Click here to start with guided support. Our team verifies eligibility, compiles documents, and handles application & follow-ups on your behalf. You can monitor progress while focusing on operations.
Recommended for: Developers, hotel chains, homestay entrepreneurs aiming to save time and streamline the process.
Option 2: Government Process
- Visit the official portal of the Maharashtra Tourism Development Corporation or the Department of Tourism, Maharashtra.
- Download the application form for “Capital Investment Incentive” under the Tourism Policy 2024.
- Submit the form along with DPR/project details, fixed capital investment proof, location details, registration certificate of tourism unit, commercial operation certificate (after commencement).
- After verification by the tourism department, a sanction letter will be issued.
- The subsidy is disbursed, typically in instalments, after the project achieves commercial operation and meets eligibility conditions (including investment made within permissible window).
Option 3: Offline Submission
If online submission isn’t feasible, you may submit the application in hard-copy at the District Tourism Office or designated nodal office, following standard procedure.
