Unlock Maharashtra's Tourism Boom: A Deep Dive into the 2024 Tourism Policy and SGST Incentives
- Dhananjay Jadhav
- Sep 3, 2025
- 4 min read
Updated: Sep 3, 2025
Maharashtra Tourism Policy 2024 SGST Incentives
Are you an entrepreneur eyeing the lucrative tourism sector in Maharashtra? Or perhaps a business owner looking to expand into eco-tourism, adventure parks, or luxury resorts? The Maharashtra Tourism Policy 2024 is your golden ticket! Notified on July 18, 2024, this ambitious policy is set to transform the state into a global tourism powerhouse, attracting ₹1,00,000 crore in investments and creating 18 lakh jobs over the next decade. At DP Jadhav & Co, we specialize in guiding investors through such government schemes, ensuring you maximize benefits like SGST reimbursements, capital subsidies, and more. Let's explore how this policy can supercharge your ventures—and how our firm can help you navigate it seamlessly.
Why Maharashtra Tourism Policy 2024 SGST Incentives Matters Now
Maharashtra, with its stunning beaches, ancient forts, vibrant festivals, and bustling cities, has always been a tourist magnet. But post-COVID, the focus has shifted to sustainable, experiential tourism. The 2024 policy, spearheaded by the Maharashtra Tourism Development Corporation (MTDC), builds on this by offering unprecedented incentives to private players. Whether you're developing homestays in rural Vidarbha, adventure setups in the Sahyadris, or MICE facilities in Mumbai-Pune, this policy provides the fiscal push needed to make your project viable.
Key highlights:
Vision for Growth: Aim to double tourist footfall and boost tourism's GDP contribution to 14% by 2034.
Thrust Sectors: Agri-tourism, caravan parks, wellness retreats, river cruises, film shoots, and workcations—perfect for blending business with leisure.
Sustainability Focus: Incentives for eco-friendly practices, like rainwater harvesting and EV charging stations, aligning with global green trends.
As of 2025, the policy has already seen strong uptake, with dozens of projects approved. If you're planning to invest, now's the time—before the best opportunities are snapped up!
Breaking Down the Incentives: SGST Reimbursements and Beyond
The real game-changer? A suite of financial perks designed to reduce your upfront costs and improve ROI. These are administered through MTDC and the Directorate of Tourism, with easy applications via the MAITRI portal.
Here's a quick overview in a handy table:
Incentive | Details | Who Benefits Most? |
SGST Reimbursement | Up to 100% refund on net SGST paid for 5-10 years, capped at 100-150% of your fixed capital investment (FCI). | MSMEs in underdeveloped areas like Marathwada or Konkan—ideal for new hotels or eco-resorts. |
Capital Subsidy | 15-20% of FCI (up to ₹20 crore), disbursed in installments. Extra boosters for women/SC/ST entrepreneurs. | Large-scale projects like amusement parks or cultural centers. |
Interest Subsidy | 5% on term loans for 5-7 years (max ₹5 crore). | Startups borrowing for infrastructure—lowers your EMIs significantly. |
Electricity Duty Exemption | 100% waiver for 5-10 years. | Energy-intensive ventures like wellness spas or adventure facilities. |
Stamp Duty Waiver | Full exemption on land purchases / leases in tourism zones. | Anyone acquiring property for MTDC-approved sites. |
Employment Subsidy | 40% salary reimbursement (up to ₹5 lakh / employee / year) for hiring locals or marginalized groups. | Projects creating jobs in rural tourism hubs. |
These incentives are tiered based on project size (small: <₹10 crore; medium: ₹10-50 crore; large: >₹50 crore) and location—higher rewards in less-developed regions to promote balanced growth. Plus, special grants for marketing, certifications, and innovation make it easier to stand out in a competitive market.
Imagine launching a boutique homestay in Alibaug: With SGST refunds covering your tax outflows and capital subsidies slashing setup costs, your break-even could come years earlier. We've helped clients secure similar benefits under previous policies—now amplified in 2024!
Real-World Opportunities: How Investors Are Winning
Take agri-tourism farms in Nashik's vineyards or caravan routes along the Konkan coast—these are exploding with demand. The policy supports 50 designated tourism hubs, offering relaxed FSI norms and fast-track approvals (30-60 days). For international appeal, tie-ups with national schemes like Swadesh Darshan add even more funding layers.
But here's the catch: Navigating eligibility, documentation, and claims isn't straightforward. From preparing project reports to auditing SGST returns, one misstep can delay your incentives. That's where DP Jadhav & Co. comes in.
Partner with DP Jadhav & Co. for Seamless Success
At DP Jadhav & Co. (dpjadhav.com), we're not just consultants—we're your strategic partners in unlocking government schemes. With over a decade of experience in tourism and investment advisory, our team of CAs, legal experts, and industry specialists has assisted numerous clients in securing MTDC approvals and incentives. We've handled everything from eligibility certificates to annual claims, ensuring 100% compliance and maximum payouts.
What we offer:
Custom Project Feasibility Studies: Assess if your idea qualifies and estimate incentive savings.
Application Support: End-to-end help with MAITRI portal submissions, including land docs, GST registrations, and FCI certifications.
SGST & Subsidy Optimization: Expert auditing to claim every rupee of reimbursements.
Post-Approval Guidance: Monitoring for sustainability compliance and job creation subsidies.
Networking: Connections to MTDC officials, banks, and co-investors for faster execution.
Our clients have seen ROIs skyrocket— one recent eco-resort project in Pune saved ₹15 crore through combined incentives! Whether you're a first-time investor or scaling up, we'll tailor a plan to attract funding and clients.
Ready to Dive In? Contact Us Today!
The Maharashtra Tourism Policy 2024 isn't just a scheme—it's a launchpad for profitable, sustainable businesses. Don't miss out on SGST incentives and more that could fund your dream project. Visit dpjadhav.com or email us at contact@dpjadhav.com to schedule a free consultation. Let's turn Maharashtra's tourism potential into your success story!
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