Rajasthan Investment Promotion Scheme (RIPS): Textile Sector and Apparel Sector

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.
This component aims to promote investment in the Textile and Apparel Sector by providing capital subsidy and interest subsidy on eligible investments. It supports technology upgradation, environmental compliance, and modernization of plant and machinery.

• Capital Subsidy for Effluent Treatment Plant: Capital Subsidy equivalent to 20% of the amount paid to suppliers for Zero Liquid Discharge based Effluent Treatment Plant, excluding civil work, subject to a maximum of ₹1,00,00,000/-, for Textile and Apparel Sector enterprises. - Interest Subsidy: 5% Interest Subsidy on term loan taken from Financial Institutions, State Financial Institutions, or Banks recognized by the Reserve Bank of India, for investment in plant and machinery as specified under the Technology Upgradation Fund (TUF) Scheme of the Government of India, for a period of 5 years.
  Or,

• Interest Subsidy: 6% Interest Subsidy on term loan for investment in plant and machinery under the TUF Scheme of the Government of India, for a period of 5 years, for enterprises making investment of more than ₹25 crore.
  Or,

• Interest Subsidy): 7% Interest Subsidy on term loan for investment in plant and machinery under the TUF Scheme of the Government of India, for a period of 5 years, for Apparel Sector enterprises and enterprises manufacturing Technical Textiles, Khadi, and Handloom.
  Or,

• Capital Subsidy on Plant and Machinery: Capital Subsidy equivalent to 25% of the investment made on plant and machinery as specified under the TUF Scheme of the Government of India, subject to a maximum of ₹50,00,000/-.

  
  

• Entrepreneurs are eligible to apply for the scheme.

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.

Application for Claim of Interest Subsidy/ Capital 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.