To give an impetus to the FinTech sector in Mumbai, the Government of Maharashtra has approved the policy incentives that will apply to all FinTech start-ups.
FinTech start-ups are establishments that use technology and innovative business models in delivering of financial products and services and having annual turnover up to ₹25 Crores. The FinTech start-ups must have a registered office in the State of Maharashtra to be eligible to avail the benefits under the policy. The incentives provided under this policy will be over and above any other incentives that maybe applicable under the State's Start up and Innovation Policy. Click here to access the Fintech policy.
Note: Government of Maharashtra will provide preference to early stage startups (up to 3 years from date of incorporation) and FinTech startups with women founders to avail
the above incentives.