Rajasthan Investment Promotion Scheme (RIPS): IT Park

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 promote the development of IT Parks by providing interest subsidy on term loans for infrastructure development. It supports eligible enterprises making investment of ₹15 crore or more by reducing financing costs for IT Park projects.

• Interest Subsidy (Investment equal to or above ₹15 crore): IT Park developed or proposed by an enterprise making investment equal to or above ₹15 crore is granted 5% Interest Subsidy on term loan taken from Financial Institutions, State Financial Institutions, or Banks recognized by the Reserve Bank of India for development of infrastructure in the IT Park, for 5 years, subject to a maximum of ₹75,00,000/- per annum.

  
  

• Interest Subsidy for Large IT Parks (Investment equal to or above ₹25 crore): Vertical IT Park having more than 1,50,000 sq. ft. of saleable or leasable area, or Horizontal IT Park developed on more than 25 acres of land, making investment equal to or above ₹25 crore, is granted 5% Interest Subsidy on term loan taken from Financial Institutions, State Financial Institutions, or Banks recognized by the Reserve Bank of India for development of infrastructure in the IT Park, for 5 years, subject to a maximum of ₹1,50,00,000/- per annum.

  
  

• Entrepreneurs are eligible to apply for the scheme.

Online

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.

Application for Claim of Interest Subsidy:

1. Copy of the first bill of supply/ invoice/ tax invoice for proof of commencement of commercial production, if applicable.
2. Copy of sanction letter of term loan issued by Bank/ Financial Institutions
3. Copy of Project Report duly authenticated by the applicant.
4. Chartered Accountant Certificate for Actual investment & Bank finance availed for Plant & Machinery and for Textile sector enterprise Chartered Accountant Certificate for Actual investment & Bank finance availed for Plant & Machinery as specified in the updated list of machinery under TUFS Scheme of Government of India. In case of expansion, Chartered Accountant certificate certifying details of existing investment and investment made in expansion.
5. Detailed expenditure statement of Plant & Machinery indicating mode of payment.
6. Project completion Certificate by Bank.
7. In the case of imported plant & machinery, submit separate expenditure statement mentioning new plant & machinery and second hand plant & machinery, with copy of invoices and copy of Bill of entry.
8. In the case of second hand Plant & Machinery, proof of the cost of the Plant and Machinery.

Note: Any financial transactions/expenditure statements submitted by the enterprise must be signed by the authorized signatory of the enterprise and certified by the chartered accountant.