Rajasthan Investment Promotion Scheme 2024 (RIPS 2024)

RIPS 2024 is a 3-tier incentive architecture. Tier-1 (Standard Incentive Packages) gives each enterprise category — Manufacturing, Services, Sunrise, MSMEs, Start-ups, Industrial Infrastructure, and R&D/GCC/Test Labs — its own eligibility bar and incentive menu. Tier-2 (Add-On Incentives) layers Green Growth, Export Promotion, and Capability Development benefits on top of whichever Tier-1 package an enterprise qualifies for. Tier-3 (Customized Packages) — Silver, Gold, and Platinum — apply only to very large investments (₹500 crore and above) on a case-by-case basis.

• •New investments made after launch are eligible only under RIPS 2024; only investment and employment generated within Rajasthan counts as Eligible Fixed Capital Investment (EFCI) or employment.
• •Unless stated otherwise, commercial production/operation must commence within the operative period, or within 2 years of grant of the Entitlement Certificate — whichever is later.
• •FPOs and Farmer Producer Cooperatives (Companies Act 2013 / Co-operative Societies Act 1912 / Societies Registration Act 1860, minimum 50 farmer members) are eligible for relevant incentives.
• •Enterprises in sectors listed as ineligible (Annexure 9.2 of the policy) cannot avail any benefit under this policy.

Expand each category for its eligibility bar, project-category slabs, and incentive menu.

4.1 Green Growth

Renewable Energy (Solar, Wind, Hybrid, Storage, Biomass/Waste-to-Energy):

• •100% Electricity Duty exemption (7 yrs); 75% stamp duty exemption + 25% reimbursement; 75% conversion charge exemption + 25% reimbursement; 100% Mandi Fee reimbursement (7 yrs).
• •Waiver of Pollution Control Board fees for Consent to Establish/Operate.
• •100% subsidy on Cross Subsidy Surcharge and Additional Surcharge for RE used in Green Hydrogen production, 7 years.
• •Transmission & Wheeling charge exemptions on Battery Energy Storage Systems — scaling from 75% up to 100% depending on storage capacity as a share of RE capacity, for 7 years.

M-Sand units: 75% SGST reimbursement for 10 years; 50% EPF/ESI reimbursement for 7 years; fund-raising incentive up to ₹5 lakh; 100% Electricity Duty exemption (7 yrs); 75% stamp duty + 25% reimbursement; 75% conversion charge exemption + 25% reimbursement.

Green Incentive (all categories): up to ₹12.5 crore covering 50% reimbursement of environmental-project cost, 100% Electricity Duty exemption on captive RE generation (7 yrs), and a 50% consent-fee waiver under the Rajasthan Green Rating System. Existing units with EFCI ≥ ₹50 crore (not currently on any prior RIPS) additionally get 10% of clean-production machinery cost.

4.2 Export Promotion — Freight Incentive

25% reimbursement of freight expenses for exports via State ICDs/air cargo complexes, capped at ₹25 lakh per exporting unit per year — for Manufacturing/Sunrise first-time exporters and for MSME first-time exporters (units must be registered in Rajasthan).

4.3 Capability Development

Skilling & Training:

• •Manufacturing/Services/Sunrise/Start-ups: 50% of training cost, up to ₹4,000/worker/month for 6 months, or ₹1 lakh/employee/year for up to 20 employees (one-time).
• •MSMEs: 50% of training cost for 6 months, up to ₹20,000/₹30,000/₹40,000 per month for Micro/Small/Medium units respectively.
• •R&D/GCC/Test Labs: up to ₹10,000/person/month for 12 months.

IP Creation: Manufacturing/Services — 50% of in-house R&D cost for patents/copyright/trademark/GI registration, up to ₹1 crore. MSME/Start-ups — 75% of patent-acquisition cost up to ₹5 lakh, with State matching GoI assistance for GI/trademark. Standalone R&D units — 50% of cost up to ₹5 crore.

Investors in HiTech City are separately eligible for the Customized Incentive Package.

Phasing, expansion, and transfer

• •Phasing: up to 3 phases allowed (min. ₹50 Cr/phase for Manufacturing, ₹25 Cr for Services). If cumulative investment crosses into a higher slab, the higher-slab rate applies retroactively to the earlier phase's EFCI too.
• •Expansion: minimum expansion investment of ₹50 Cr (Manufacturing) / ₹25 Cr (Services), AND at least 25% growth over existing investment with at least 20% incremental capacity. MSMEs are not eligible for this expansion clause (they follow the MSME chapter's own expansion terms instead).
• •Transfer of business: remaining benefits transfer to the new owner if the transferee applies within 90 days of transfer, with proof of ownership transfer and the original Entitlement Certificate.
• •Transition from RIPS 2022: enterprises already benefiting under RIPS 2022 (non-customized) can opt into RIPS 2024 terms for their remaining tenure; no retroactive benefit uplift for the RIPS-2022 period already disbursed.

Maximum extent of subsidy

Total subsidy over the benefit period is capped at 100% of EFCI generally — but Thrust Sector, Sunrise, Anchor, and MSME enterprises, along with Women/SC/ST/PwD and Tribal Sub-Plan enterprises, are eligible for up to 125% of EFCI. Employment Generation Subsidy (75% of employer's EPF+ESI contribution) applies for women/SC/ST/PwD employees, or for all employees if 75%+ of direct employment is domiciled in Rajasthan.

Sanctioning authority

• •State Level Sanctioning Committee (SLSC): investments above ₹25 crore, or spanning more than one district. Chaired by the Secretary-in-charge of the concerned department; Commissioner, Industries is Member Secretary.
• •District Level Sanctioning Committee (DLSC): investments below ₹25 crore, and all MSMEs. Chaired by the District Collector; General Manager, DIC is Member Secretary.
• •Appeals against DLSC orders go to the SLSC; appeals against SLSC orders go to the State Empowered Committee (constituted under the Rajasthan Enterprises Single Window Enabling and Clearance Act, 2011) — appeal must be filed within 96 days of the decision.

Compliance & penal provisions

• •Benefits wrongly availed, or availed by an ineligible enterprise, are recoverable with 18% per annum penal interest, following an opportunity of being heard before the Sanctioning Committee.
• •Routine claw-back of wrongly disbursed subsidy by the disbursing authority carries 9% per annum interest, and cannot be ordered after 3 years from the end of the entitlement period.
• •New/expansion investments must reach commercial production within 36 months of availing stamp duty exemption — failing which, 50% of the stamp duty exemption is clawed back, and a 0.98/year deflator applies to all incentives.
• •Consent to Establish/Operate from the Pollution Control Board must remain valid throughout the benefit period, or benefits lapse for that period.

RIPS 2024 does not publish one consolidated checklist in the policy text — forms and formats are separately notified by the Finance Department and filed electronically through the Sanctioning Committee process. Based on what the policy specifies and standard practice for this class of application:

Named or implied in the policy

• •Entitlement Certificate application in the prescribed form, filed electronically (e-governance mandate under the policy)
• •Proof of EFCI — audited investment records / CA-certified capital expenditure statement, to establish project category and area category
• •Employment records (domiciled-employee proof) to support Employment Booster and Employment Generation Subsidy claims
• •Term loan sanction letter and repayment schedule from the RBI-recognised Financial Institution/Bank, for Interest Subvention claims
• •Valid Consent to Establish / Consent to Operate from the State Pollution Control Board
• •Proof of transfer of ownership + original Entitlement Certificate, for transfer-of-business cases (within 90 days of transfer)
• •Udyam/MSME registration certificate, for enterprises claiming benefits under the MSME chapter
• •Digital sales/purchase/inventory records with online access for the assessing authority, once notified by the State Government

Standard supporting documents (confirm with DIC/Industries Department)

• •PAN, GST registration, and constitution documents (MoA/AoA, partnership deed, LLP agreement, as applicable)
• •Detailed Project Report with cost of project and means of finance
• •Land ownership/lease documents and site plan
• •Board resolution authorising the application (for companies)
• •Machinery invoices/quotations supporting the claimed EFCI
• •Bank account details for benefit disbursement