Rajasthan Investment Promotion Scheme (RIPS): Start-ups (Service Enterprises in Thrust Sectors)
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 scheme-component aims to encourage the establishment of start-ups by providing additional investment-based financial incentives. It supports eligible start-ups through an additional investment subsidy linked to State tax contribution.
Benefits
- Investment Subsidy: Start-ups making an investment of ₹25,00,000/- or above shall be granted 25% additional Investment Subsidy on State Tax Due and Deposited (STDD) for a period of 7 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 OneHundred 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.
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 objective of this scheme-component benefit?
The objective is to promote the establishment of start-ups by providing additional investment subsidy.
- Who is eligible for the start-up benefit under the scheme?
Start-ups set up by an enterprise, Agro Cooperative, Producer Organization, or Special Purpose Vehicle are eligible.
- What is the minimum investment required to avail the benefit?
The minimum investment required is ₹25 lakh.
- What type of subsidy is provided to start-ups?
An additional Investment Subsidy on State Tax Due and Deposited is provided.
- What is the rate of additional Investment Subsidy?
The rate of additional Investment Subsidy is 25%.
- For how many years is the subsidy available?
The subsidy is available for a period of 7 years.
- Is the subsidy linked to tax payment?
Yes, the subsidy is linked to State Tax Due and Deposited.
- Are Agro Cooperatives eligible for this benefit?
Yes, Agro Cooperatives setting up start-ups are eligible.
- Are Producer Organizations eligible under this provision?
Yes, Producer Organizations are eligible.
- Are Special Purpose Vehicles eligible for the start-up benefit?
Yes, Special Purpose Vehicles are eligible.
- Is the subsidy provided as a one-time benefit?
No, the subsidy is available over a period of 7 years.
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