Eligibility for MSME Sector under RIPS 2022
(a) Manufacturing Units
All MSME manufacturing units (except tobacco/pan masala, beef, aerated water plant, retail/trading activity, other prohibited activity) are eligible to avail the benefits under RIPS 2022.
(b) Service Enterprises
Service enterprises engaged in the following business are eligible to receive benefits under RIPS2022:-
Cold Chain StorageConference Halls
Electronic Manufacturing Clusters
Health Care
IT & Fintech
Hotels & Tourism
Entertainment
Film City
Cold Chain in Pharmaceuticals
Common Utility Centres
Preservation of Agricultural Products
Employment Generation Subsidy:
Employers of eligible MSME units will get 50% refund of the amount deposited by them in EPF and ESI. This refund will be available to the employer for seven years.
Green Incentives:
(i) 50% of the cost incurred by the employer on water audit will be refunded, up to a maximum of Rs 2 lakh. Cost incurred on water equipment will be refunded up to Rs 20 lakh. (
ii) 50% of the cost of equipment purchased for recycling and reusing waste water and rainwater harvesting will be refunded, up to a maximum of Rs 7.50 lakh.
(iii) 50% of the cost of equipment purchased for waste material management will be refunded, up to a maximum of Rs 1 crore.
Other incentives:
1. 50% of the cost incurred on obtaining quality certificate or process certificate for export will be refunded, up to a maximum limit of Rs 25 lakh.
2. Subsidy of up to 75% of the cost of obtaining patent will be provided, up to a maximum limit of Rs 5 lakh.
3. 50% of the investment made in the process of raising funds through SM platform will be rebated, up to a maximum limit of Rs 5 lakh
Benefits for MSME units under RIPS 2022:
Interest Subsidy: The benefit of interest subsidy for MSME units under RIPS 2022 is given for 5 years. The slabs of interest subsidy under RIPS 2022 for MSME units are given below:
Loan amount – Interest subsidy (%) Rs.
1 crore to 5 crore – 6% Rs.
5 crore to 10 crore – 4% Rs.
10 crore to 50 crore – 3%
FOCUSED CATEGORIES
The RIPS 2022 policy has simplified architectural to enable easier in understanding with considering the FOCUS category classified under RIPS 2019 to ensure there should not be any exclusion in the new policy.
The eight identified priority category under RIPS 2022 as under:
Manufacturing
Services
Sunrise sectors
MSMEs
Startups
Logistics Parks, Warehousing & Cold Chains
R&D, GCC
& Test Labs
Renewable Energy Plants
FAQs
What is the Rajasthan Investment Promotion Scheme (RIPS)?
The Rajasthan Investment Promotion Scheme (RIPS) is a policy initiative by the Government of Rajasthan to attract and encourage investments in the state. It aims to promote sustainable industrial development, create employment opportunities, and enhance economic growth by providing various incentives and benefits to businesses and industries setting up operations in Rajasthan.
What types of businesses are eligible for incentives under RIPS?
RIPS is open to a wide range of businesses, including manufacturing units, service enterprises, agro-based industries, IT and IT-enabled services, handicrafts, and more. Specific eligibility criteria and incentives may vary depending on the nature and scale of the business.