- Service and Manufacturing MSME units are eligible. Trading units are excluded.
- New MSME units setting up operations in Rajasthan.
- Existing MSMEs undertaking expansion with minimum investment of 25% of existing investment and generating minimum 20% incremental capacity.
- Enterprise must not be engaged in industries listed in Annexure-A (ineligible industries).
- Service enterprises must be providing services listed in Annexure-B (thrust sectors) to claim benefits.
- Enterprise must commence production/operations during the operative period of the policy, or within 2 years after the Grant, whichever is later.
| Option | Applicable To | Benefit |
|---|---|---|
| Option 1 Investment Subsidy |
All Applicants | 75% reimbursement of SGST due and deposited for 10 years |
| Option 2A Capital Subsidy |
Manufacturers of Alternatives for Plastic Products | 50% of capital investment by the unit, subject to a maximum of ₹40 Lakhs |
| Option 2B Capital Subsidy |
Agro & Food Processing Units | 50% of capital investment by the unit, subject to a maximum of ₹1.5 Crores |
Interest Subvention for 7 years as per the following matrix:
| Loan Amount (Plant & Machinery / Equipment) | Interest Subvention per Year |
|---|---|
| Up to ₹5 Crores | 6% |
| ₹5 Crores – ₹10 Crores | 4% |
| ₹10 Crores – ₹50 Crores | 3% |
Additional Provisions
- Khadi Enterprises shall be eligible to avail Interest Subvention for 10 years.
- Interest Subvention shall be telescoped.
- For loans taken up to ₹25 Lakhs, an additional 1% Interest Subvention will be offered for beneficiaries under Rajasthan Rural Tourism Policy and Agro-based industries.
Employment Generation Subsidy
Reimbursement of 50% of the employer's contribution towards EPF and ESI for 7 years.
Applicable for domiciled employees only.
Fund Raising Incentive
One-time financial assistance for raising capital through an SME platform — 50% of the investment made in the fund-raising process, up to a maximum of ₹5 Lakhs.
⚡ Electricity Duty
100% exemption of electricity duty for 7 years.
🌾 Mandi Fee
Reimbursement of 100% of Mandi / market fee for 7 years.
📄 Stamp Duty
Exemption from payment of 75% stamp duty and reimbursement of 25% stamp duty on:
(a) Purchase or lease/sub-lease of land and construction thereon;
(b) Purchase or lease of commercial floor area (minimum 2,000 sq. ft.).
🔄 Conversion Charges
Exemption from payment of 75% conversion charge and reimbursement of 25% conversion charge.
Infrastructure Support
Availability of land at the circle rate; facilitation of water and power up to the boundary wall to set up Common Facility Centres (CFCs).
Soft Loan for SPV / CFC
A cluster of Micro & Small enterprises may set up a Special Purpose Vehicle (SPV) for a Common Facility Centre and avail a soft loan of up to ₹10 Crores at 5% interest, repayable in 5 equal annual instalments over 5 years.
⚠️ Important Rules
- Maximum incentives under RIPS 2024 – MSME Section shall be capped at ₹5 Crores annually.
- Restriction on benefits in case of expansion as per Annexure-C (detailed below).
- Investment for manufacturing tobacco, tobacco products and pan masala.
- Investment made in cow/beef processing units.
- Investment made in retail/trading activities.
- City Gas Distribution System.
- Any activity which is prohibited by Central/State laws.
Service enterprises must operate in one of the following sectors to be eligible for benefits:
Electricity Duty Exemption
Exemptions apply to electricity consumption exceeding the maximum annual usage recorded during the three years preceding the expansion's commercial production date.
Mandi Fee Reimbursement
Reimbursement is granted on annual turnover that exceeds the highest volume recorded in any of the three years prior to the expansion's commercial production date.
Conversion Charges Exemption
Full exemption from conversion charges applies to all additional charges incurred specifically due to expansion-related investments during the incentive period.