How do Maharashtra’s tourism policies support private investment in the sector?
The Tourism Policy 2024 serves as our blueprint to position Maharashtra among the world’s leading tourism investment destinations. It sets ambitious targets to attract ₹1,00,000 crore in private investment over the next decade, spanning hospitality, cultural tourism, and infrastructure, while generating approximately 18 lakh direct and indirect jobs across hospitality, transport, and local services.
To catalyse private investment, the policy offers a comprehensive suite of incentives. Investors can avail a capital subsidy of up to 15% (maximum ₹15 crore), a 5% interest subsidy on loans (maximum ₹50 lakh), electricity duty exemptions, stamp duty and registration fee waivers, and SGST reimbursement on tourism-related services. Certified eco-friendly or low-carbon tourism projects are eligible for enhanced capital subsidies and priority clearances under the Green Incentives framework, encouraging sustainable infrastructure development.
The policy also emphasises balanced regional growth by offering higher incentives for projects in rural and underdeveloped areas, ensuring that tourism benefits reach all parts of the state. Additionally, it promotes inclusive development by supporting women entrepreneurs and marginalised communities. Together, these measures aim not only to boost tourism investment but also to create sustainable livelihood opportunities across Maharashtra.