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Maharashtra Cabinet Approves PM SETU in ITIs, Stamp Duty Waiver for Enemy Properties

The Maharashtra cabinet has approved the launch of the PM SETU skilling scheme in select ITIs to enhance youth employability through modernized training. It also cleared a complete waiver of stamp duty on transactions involving "enemy properties" to simplify their sale. Further decisions include using the TReDS platform to expedite payments for MSME contractors and reviving a cooperative spinning mill in Dhule. The cabinet also extended lease periods for government lands under existing revenue rules.

Key Points: Maharashtra OKs PM SETU Scheme & Enemy Property Stamp Duty Waiver

  • PM SETU scheme launch in ITIs
  • Stamp duty waiver on enemy property sales
  • TReDS platform for MSME contractor payments
  • Revival of Dhule cooperative spinning mill
2 min read

Maha cabinet approves launch of PM SETU scheme in ITIs, clears waiver of stamp duty on enemy property transactions

Maharashtra cabinet clears PM SETU scheme launch in ITIs for youth skilling and waives stamp duty on enemy property transactions to boost liquidity.

"to streamline job opportunities for aspiring youth through upgraded technical training - Maharashtra Government"

Mumbai, Jan 27

The Maharashtra Cabinet, chaired by Chief Minister Devendra Fadnavis, on Tuesday, took decisions focusing on skill development, infrastructure liquidity, and administrative reforms.

Among the major decisions, the cabinet approved the launch of Pradhan Mantri Skilling And Employability Transformation through Upgraded ITIs (PM SETU) in Industrial Technical Institutes to boost youth employment.

Its implementation will begin in Industrial Training Institutes (ITIs) in Nagpur, Chhatrapati Sambhajinagar, and Pune districts, to streamline job opportunities for aspiring youth through upgraded technical training.

The scheme will be expanded statewide in subsequent phases. The Centre launched the PM SETU scheme on October 4, 2025, which is a Rs 60,000 crore initiative aimed at modernising 1,000 government ITIs. It utilises a "hub-and-spoke" model to align vocational training with high-growth industry demands, focusing on upgrading infrastructure, technology, and curriculum to improve youth employability. Its objective is to transform government ITIs into Centres of Excellence, bridging the gap between training and industry requirements.

In a move to simplify the transaction of "Enemy Properties" currently held by the Central or state government, the cabinet has approved a total waiver of stamp duty on the sale and purchase of such assets.

Further, the cabinet approved the use of the TReDS (Trade Receivables Discounting System) Platform to clear pending payments for contractors. This facility specifically targets Micro, Small, and Medium (MSME) entrepreneurs and contractors working with the Public Works Department (PWD), ensuring better cash flow for infrastructure projects.

The cabinet also cleared the revival of the Jawahar Shetkari Sahakari Soot Girni (Cooperative Spinning Mill) in Dhule. A formal recommendation for support will be sent to the National Cooperative Development Corporation (NCDC) in New Delhi.

Further, the cabinet decided to extend lease periods for government lands allotted for various purposes. Under the provisions of the Maharashtra Land Revenue Code (1966) and the Maharashtra Land Revenue (Disposal of Government Lands) Rules (1971), leases typically granted for 30 years will now be eligible for duration extensions.

Meanwhile, Deputy Chief Minister Eknath Shinde skipped the cabinet meeting as he is currently in his native place in Satara district. Revenue Minister Chandrashekhar Bawankule, after the cabinet meeting, clarified that he had gone there for some engagement. He denied any differences within Mahayuti.

- IANS

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Reader Comments

P
Priya S
Waiving stamp duty on enemy property transactions is a smart administrative reform. It will unblock assets and generate revenue. But my main concern is the TReDS platform for MSMEs. Will it actually ensure timely payments? Our small business has suffered for years with PWD delays.
R
Rohit P
Good decisions overall. The hub-and-spoke model for ITIs sounds promising if implemented properly. The real test is whether the upgraded training will actually lead to jobs. Also, reviving the cooperative spinning mill in Dhule is important for the local economy. Hope it works out.
S
Sarah B
As someone who works in vocational training, aligning curriculum with industry demand is crucial. The ₹60,000 crore investment is significant. I hope the focus remains on quality of training and not just infrastructure. The extension of land leases also provides much-needed stability for businesses.
V
Vikram M
All good points, but what about the Deputy CM skipping the meeting? Even if there are "no differences," it doesn't look good. The cabinet should present a united front, especially when announcing such schemes. The policies are fine, but political stability is equally important for implementation.
K
Kavya N
Finally some focus on ITIs! My brother studied in one and struggled to find a good job because the equipment was outdated. This upgrade is long overdue. Hope they involve actual industries in designing the courses. Jai Maharashtra! 🙏

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