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Rajasthan Investment Promotion Scheme (RIPS): Start-ups
Benefits-
Additional Investment Subsidy: 25% additional Investment Subsidy on State Tax Due and Deposited (STDD) for a period of 7 years.
Details-
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 aims to support start-ups by providing additional investment incentives to encourage new enterprises and innovation. It offers an additional investment subsidy to eligible start-ups to promote sustainable business growth.
Eligibility -
Entrepreneurs are eligible to apply for the scheme.
Required Documents
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.
Frequently Asked Questions (FAQ)
Who is eligible for benefits under the start-up provision?
Start-ups set up by an enterprise, Agro Cooperative, Producer Organization, or Special Purpose Vehicle are eligible.
What is the minimum investment required to qualify as a start-up?
The start-up must make an investment equal to or above ₹25 lakh.
What financial benefit is provided to eligible start-ups?
Eligible start-ups are granted an additional investment subsidy.
What is the rate of additional investment subsidy for start-ups?
The additional investment subsidy is 25% of State Tax Due and Deposited.
For how long is the additional investment subsidy available?
The subsidy is available for a period of 7 years.
Is the subsidy linked to State Tax Due and Deposited?
Yes, the subsidy is calculated on State Tax Due and Deposited.
Are Agro Cooperatives eligible under the start-up category?
Yes, start-ups set up by Agro Cooperatives are eligible.
Are Producer Organizations covered under this provision?
Yes, Producer Organizations setting up start-ups are covered.
Can a Special Purpose Vehicle apply as a start-up?
Yes, a Special Purpose Vehicle setting up a start-up is eligible.
Is there any upper limit on the investment subsidy amount?
The provided information does not specify an upper limit.
Does the start-up need to deposit State tax to claim the subsidy?
Yes, the subsidy is based on State Tax Due and Deposited.
How To Apply?
Online - via CSCs
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 Start
Note:
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.
Scheme Contact Details
NA
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