Rajasthan Investment Promotion Scheme (RIPS): Industrial Gases Sector
About this scheme
The "Rajasthan Investment Promotion Scheme (RIPS)" is an umbrella scheme launched by the Commissioner Industries, Commerce, and CSR Department, Rajasthan. It aims to generate employment opportunities and promote rapid, sustainable, and balanced economic growth in the State of Rajasthan. Effective from December 12, 2019, to March 26, 2026, this initiative provides benefits to eligible manufacturing and services sector enterprises.
The component "Industrial Gases Sector" aims to promote large-scale investment in the Industrial Gases Sector by providing additional fiscal incentives. It supports eligible enterprises through extended investment subsidy and electricity duty exemption.
Benefits
- Investment Subsidy: Investment Subsidy of 75% of State Tax Due and Deposited (STDD) for an additional 3 years.- Electricity Duty Exemption: Exemption from payment of Electricity Duty for an additional 3 years.
Who is Eligible
- Entrepreneurs are eligible to apply for the scheme.
How to Apply
Online - via CSC
Mode of Online Application: e-Mitra
The applicant can submit the online application by visiting the nearest e-Mitra center or by using their own e-Mitra account.
The application is free of cost.
Documents Required
Claim of Investment Subsidy:
- Copy of project report duly authenticated by the applicant;
- Proof of investment;
- Copies of bills/vouchers along with payment receipts from the concerned foreign supplier/suppliers
- Copies of Challan for the amount of contribution of EPF and ESI deposited;
- Proof of deposit of State Tax, if already deposited;
- A self-attested declaration on a Non-judicial stamp paper of Rupees One Hundred Only in support of the facts of the application; and
- Certificate of valuation by Chartered Accountant in Form-E appended to the Scheme.
- An undertaking to the effect that subsidy is not being availed on second hand machinery.
For Exemption from Electricity Duty:
- Copy of Project Report duly authenticated by the applicant.
- Self-attested declaration in support of the facts of the application.
- Proof of investment.
- Copy of the first bill of supply/ invoice/ tax invoice for proof of commencement of commercial production, if applicable.
- Copies of the Challan of EPF / ESI, if any.
- Proof of Deposit of State Tax, if any.
- Copy of resolution passed by the Board of Directors.
- Others, if any (Please Specify).
Who Is Not Eligible
Investment not eligible for benefits of subsidies and/or exemptions under the Rajasthan Investment Promotion Scheme
- Investment for manufacturing tobacco, tobacco products and pan masala.
- Investment made in cow beef processing units.
- Investment made in retail/trading activities.
- Any activity which is prohibited by Central/State laws.
Frequently Asked Questions
- What is the minimum investment required to avail benefits?
The minimum investment required is ₹50 crore.
- What investment-related benefit is provided under the scheme?
An Investment Subsidy of 75% of State Tax Due and Deposited is provided.
- For how long is the Investment Subsidy available?
The Investment Subsidy is available for an additional period of 3 years.
- Is Electricity Duty exemption available under the scheme?
Yes, exemption from payment of Electricity Duty is available.
- For how long is the Electricity Duty exemption granted?
The exemption is granted for an additional period of 3 years.
- Are these benefits applicable only to the Industrial Gases Sector?
Yes, the benefits are specifically applicable to the Industrial Gases Sector.
- Is the Investment Subsidy linked to State Tax payments?
Yes, the Investment Subsidy is calculated on State Tax Due and Deposited.
- Can an enterprise avail both Investment Subsidy and Electricity Duty exemption?
Yes, an eligible enterprise can avail both benefits.
- Are these benefits available for new enterprises only?
The benefits are available to enterprises meeting the investment criteria as per the scheme.
- Is the duration of benefits fixed under the scheme?
Yes, the duration of both benefits is fixed at an additional 3 years.
More Schemes in Rajasthan
25 Percent Concession in Travel Fare for Tribals of Tribal Areas of Rajasthan State
- **Free Travel Facility:** The beneficiary receives a 25% concession on passenger fares in Rajasthan State Transport Corporation (RSRTC) buses. - **Coverage of Buses:** The…
View details →
30 Percent Concession in Travel Fare for Women/Girls
- **Free Travel Facility:** The beneficiaries are provided a 30 percent concession on the applicable travel fare. - **Coverage of Benefit:** The concession is applicable in all…
View details →
75 Percent Concession in Travel Fare for Cancer Patients
- **Free Travel Facility:** Eligible beneficiaries are provided with 75 percent concession in passenger fare to Thalassemia patients for travel from home to hospital and back for…
View details →
75 Percent Concession in Travel Fare for Non-Communicable Leprosy Patients
- **Free Travel Facility:** A 75 percent concession in passenger fare is provided. - **Coverage of Vehicles:** The benefit is available only on ordinary, express, and night bus…
View details →