राजस्थान निवेश प्रोत्साहन योजना (RIPS): बायो-टेक्नोलॉजी सेक्टर

Investment More Than ₹5 Crore but Below ₹25 Crore:

• Investment Subsidy: 25% additional Investment Subsidy on State Tax Due and Deposited for 7 years.
• Employment Generation Subsidy: 25% additional subsidy by reimbursement of employer’s contribution towards EPF and ESI, subject to an overall limit of 75% per employee, for 7 years.
• Interest Subsidy: 5% interest subsidy on term loan for investment in plant and machinery, for 5 years, subject to a maximum of ₹25,00,000/- per year.

Investment Equal to or Above ₹25 Crore:

• Investment Subsidy: 25% additional Investment Subsidy on State Tax Due and Deposited for 7 years.
• Employment Generation Subsidy: 25% additional subsidy by reimbursement of employer’s contribution towards EPF and ESI, subject to an overall limit of 75% per employee, for 7 years.
• Interest Subsidy: 5% interest subsidy on term loan for investment in plant and machinery, for 5 years, subject to a maximum of ₹25,00,000/- per year.
• Capital Subsidy: 20% capital subsidy on Zero Liquid Discharge based Effluent Treatment Plant, excluding civil work, subject to a maximum of ₹50,00,000/-.

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 "Bio-Technology Sector" aims to promote investment in the Bio-Technology Sector by providing additional financial incentives to eligible enterprises. It supports investment, employment generation, and infrastructure development through subsidies and interest support.

Entrepreneurs are eligible to apply for the scheme.

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.

What is the objective of this scheme?

The scheme aims to promote investment in the Bio-Technology Sector by providing additional financial incentives to eligible enterprises. It supports investment, employment generation, and infrastructure development through subsidies and interest support.



What is the minimum investment required to receive benefits?

The minimum investment required is more than ₹5 crore.

What additional investment subsidy is provided?

An additional Investment Subsidy of 25% on State Tax Due and Deposited is provided.



For how long is the investment subsidy available?

The investment subsidy is available for a period of 7 years.

What employment-related benefit is provided under the scheme?

An additional Employment Generation Subsidy is provided through reimbursement of employer’s contribution towards EPF and ESI.



Is there any limit on Employment Generation Subsidy per employee?

Yes, the subsidy is subject to an upper limit of 75% Employment Generation Subsidy per employee.

For how many years is Employment Generation Subsidy available?

The Employment Generation Subsidy is available for 7 years.



Is interest subsidy available to Bio-Technology enterprises?

Yes, interest subsidy is available on eligible term loans.

What is the rate of interest subsidy provided?

An interest subsidy of 5% is provided on term loans.

What is the maximum limit of interest subsidy?

The interest subsidy is limited to a maximum of ₹25,00,000 per year.

For how many years is interest subsidy provided?

The interest subsidy is provided for a period of 5 years.

Which enterprises are eligible for capital subsidy?

Enterprises making investment of ₹25 crore or above are eligible for capital subsidy.

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.

Exclusions

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.

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