Tourism Policy

POLICY OVERVIEW

The Maharashtra Tourism Policy 2024 is a landmark initiative by the Government of Maharashtra to boost tourism infrastructure and create world-class facilities across the state. The policy offers 23 fiscal incentives and 13 non-fiscal benefits to attract investments in hotels, resorts, adventure tourism, eco-tourism, and heritage projects.

With a focus on sustainable development and job creation, the policy provides financial support through capital subsidies, tax exemptions, and interest subsidies. Projects in aspirational districts and rural areas receive additional benefits to promote balanced regional development.

The policy is valid until 2029 and covers both new projects and expansion of existing facilities meeting the prescribed investment thresholds.

FISCAL INCENTIVES

Explore the various financial benefits available under the policy – 23 fiscal incentives designed to maximize your returns.

Capital Subsidy
Up to 30%

Zone-based capital subsidy on eligible fixed capital investment for new and expansion projects.

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SGST Reimbursement
100% for 7-10 Years

Complete reimbursement of State GST paid on services for eligible mega and ultra-mega projects.

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Interest Subsidy
5% for 7 Years

Interest subsidy on term loans from scheduled banks for eligible tourism projects.

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Electricity Duty Exemption
100% for 10 Years

Complete exemption from electricity duty for newly established tourism projects.

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Stamp Duty Exemption
100% Exemption

Complete exemption of stamp duty on property transactions for tourism projects.

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Additional FSI
50-75% Discount

Discounted premium for additional FSI in urban development areas to support growth.

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Quality Certification Reimbursement
75% of Cost

Reimbursement for obtaining quality certifications and star classifications.

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Sustainability Incentive
Up to ₹25 Lakh

Special incentive for sustainable and green tourism initiatives
to encourage eco-friendly growth.

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ELIGIBLE PROJECT CATEGORIES

A wide spectrum of tourism units qualify for incentives under the Maharashtra Tourism Policy 2024 — grouped into six core categories.



Accommodation (A)
  • Hotels
  • Motels
  • Youth Hostel/Club
  • Resorts
  • Log Huts
  • Cottages


Accommodation (B)
  • Service Apartment
  • Home Stay
  • Youth Hostel/Club
  • Cruise Boats
  • Agro/Rural/Eco Tourism
  • Others


Food and Beverages
  • Wayside Amenities
  • Restaurant
  • Food Kiosk
  • Beach Shack
  • Others


Travel and Tourism
  • MICE (Meetings, Incentives, Conferences, and Exhibitions)
  • Exhibitions
  • Wellness Centre
  • Hotel Management Institute
  • Others


Entertainment and Recreation
  • Rope Way
  • Amusement/Theme Park
  • Theatre/li>
  • AR-VR Zone
  • Culture Centre
  • Others


Other Tourism Unit
  • Handloom
  • E-Vehicle for Tourist
  • Heritage Structure
  • Hospitality Parks
  • Others

MAHARASHTRA ZONAL CLASSIFICATION

Zone A

Mumbai, Thane, Navi Mumbai Municipal Area

Zone B

Nashik, Pune, Aurangabad, Nagpur Municipal Corporations

Zone C

All other areas of Maharashtra

STZ/STD

Specially Declared Tourism Zones

ELIGIBILITY PERIOD FOR INCENTIVE

Type of Unit / Zone A B C, STZ/STD Ultra Mega Project
Large / Mega / Ultra Mega Projects 5 years 7 years 10 years 15 years
MSME Projects 5 years 5 years 7 years
Other Tourism Projects 3 years 3 years 5 years

Ready to Maximize Your Subsidies?

Get a free consultation with our experts and find out how much you can save under the Maharashtra Tourism Policy 2024.