Amendment to RIPS-2019 and RIPS-2014 approved for easy establishment and investment promotion of enterprises

Jaipur . Chief Minister Ashok Gehlot has approved necessary amendments in the Rajasthan Investment Promotion Scheme (RIPS) -2019 and RIPS-2014 to implement the announcements made in the budget for the purpose of smooth establishment of industries and promoting investment in the state. After this, the Finance Department has issued orders.

With this approval of Gehlot, investors will get the benefit of various packages for enterprise establishment. The investment limit has now been reduced to 50 percent under the “Dr. BR Ambedkar SC-ST Entrepreneur Incentive Special Package” in Rajasthan Investment Promotion Scheme-2019.

The maximum grant has been increased from 150 percent to 200 percent of eligible fixed capital investment, with 5 percent interest subsidy (maximum Rs. 25 lakh) or 15 percent capital subsidy (maximum Rs. 2 crore) per year for 5 years. Special Incubation Centers will be run for SC-ST entrepreneurs.

To take advantage of this package, SC-ST entrepreneurs will be required to have 100 percent capital investment in proprietorship firm and minimum 51 percent capital investment in partnership firm and private limited company.

Gems and Jewelery Service and Health Care added to thrust sector

All the benefits will be given to entrepreneurs like the Dr. BR Ambedkar SC-ST Entrepreneur Incentive Special Package under RIPS-2019 on investment in Extreme Backward, Backward and Tribal areas. In order to attract more investment in the sector of Jams & Jewelery, it has also been added to the service sector of Rips-2019. Health care sector and API (Active Pharmaceutical Ingredients) have also been encouraged to be added to the thrust sector of Rips-2019.

90 percent employment grant to units that make solar and wind energy equipment

Similarly, in RIPS-2019, the minimum land condition for Resorts and Amusement Park will be reduced from 5 acres and 10 acres respectively to 2 acres for resorts and 2.5 acres for amusement parks. Employment grant to equipment manufacturing units of solar and wind energy has been increased from 75 percent to 90 percent. Development of Infrastructure with Plants, Machinery and Equipments has also been added to the Eurip-2019 for grant of interest subsidy.

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Investment limit reduced to 25 crores for e-vehicles production-

In order to promote e-vehicles in the state, e-charging and sweeping stations have been added to the service sector and thrust sector of RIPS-2019, which will give them additional benefits in addition to interest subsidy / capital subsidy. The investment limit for the production of e-vehicles will be reduced from Rs. 50 crores to Rs. 25 crores. Instead of importing game materials, electronic and other toys from abroad, these areas will also be given interest subsidy / capital subsidy. In order to provide additional benefits, the thrust sector has been included. The investment limit has been reduced from 10 crores to 5 crores to increase investment in the Plug and Play Office Complex. Also, the service sector units of MSMEs can now apply at the district level only. Facility has been provided for

The working period of RIPS-2014 was extended by 2 years-

It is worth mentioning that the working period of Rajasthan Investment Promotion Scheme 2014 was only till 31 March 2021, but some units could not start production during the plan period, to give relief to such units, its period was extended by two years till 31 March 2023. Has been given.

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