Short Description
The Rajasthan Investment Promotion Scheme (RIPS) 2024 is a flagship policy designed to make Rajasthan a preferred global investment destination by reducing business costs and promoting sustainable growth. It operates until March 31, 2029
Objective
- Targets a $350 Billion economy for Rajasthan by 2029.
- Focuses on Green Growth, Export Promotion, and Capability Development.
- Simplifies entry for MSMEs and provides enhanced support for women, SC/ST, and rural entrepreneurs.
- Encourages emerging "Sunrise" sectors like semiconductors, aerospace, and defense
Benefits / Subsidy
- Up to 75% SGST reimbursement for 10 years or a turnover-linked incentive
- Asset Creation Incentive (ACI) ranging from 40% to 75% of investment depending on the district.
- Interest subvention of 6% per annum for MSMEs, with additional boosters based on loan size.
- 100% Electricity Duty exemption for 7 years and 75%-100% Stamp Duty exemption.
- Special support for water recycling, waste management, and captive renewable energy.
- Up to 25% additional support on freight charges for first-time exporters.
Eligibility
- New units, expansion projects of existing units, and sick units under revival.
- Minimum Investment:
Manufacturing: Minimum ₹50 crore (reduced to ₹25 crore for MSMEs).
Warehousing: Minimum ₹2 crore.
- Must be a registered legal entity (Private Ltd, LLP, Partnership, etc.) and generate employment in the state.
Documents Required
Required Documents:
- Board Resolution/Power of Attorney, Udyam Registration Certificate (URC), and Company Registration documents.
- Detailed Project Report (DPR), investment proposal, and financial/bank statements.
- Loan sanction letter, repayment and disbursal schedules, and a CA Certificate for subsidy claims.
- Land/lease documents, local authority approvals, and environmental clearances (if applicable)
Application Process
The entire process is facilitated digitally through the RajNivesh Portal:
Rajasthan.gov.in
Rajasthan.gov.in
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Common Application Profile: Sign in to the portal and fill out the Common Application Form (CAF).
Enterprise & Project Profile: Create a one-time Enterprise Profile (Form-1) followed by a Project Profile (Form-2).
Submission: Submit the RIPS 2024 application (Form-3A/3B) with required documents.
Review: Applications for loans up to ₹10 crores are reviewed by the District Level Task Force Committee (DLTFC); above ₹10 crores go to the High-Level Task Force Committee (HLTFC).
Entitlement Certificate: Once approved, an Entitlement Certificate is issued to begin claiming benefits.
