RAJASTHAN INVESTMENT PROMOTION SCHEME 2024
Dear-Businessman/Investors,
In Series of KIP: Business and Subsidy Update, today we are going to share with benefits of Standard Incentive Packages for Manufacturing Enterprises in RAJASTHAN VESTMENT PROMOTION SCHEME 2024.
Objective:
The manufacturing sector is vital to Rajasthan’s economy. Over the years, it has contributed to industrial output, job creation, and socio-economic growth. It supports local businesses and attracts both domestic and international investments. As Rajasthan’s industrial landscape evolves, manufacturing remains central to its goal of becoming a $350 Billion economy by 2029.
Quantum of Assistance:
- Electricity Duty Exemption:
Exemption from payment of 100% electricity duty for 7 years.
- Reimbursement of mandi fee/market fee:
Reimbursement of 100% mandi fee/market fee for 7 years.
Eligible Entities:
Under this scheme incentives can avail by an entity/organisation such as Proprietary, Partnership, Pvt. Ltd. Company, Public Ltd., LLP (Limited Liability Partnership) and Co-operative society etc.
Eligibility:
- The Manufacturing package specified herein shall be applicable to all Manufacturing Enterprises meeting the eligibility criteria defined herein. Sectors which have been declared as ineligible sectors by the State Government, as follows: Investment for manufacturing tobacco, tobacco products and pan masala, Investment made in cow beef processing units, Investment made in retail/trading activities, City Gas Distribution System and Any activity which is prohibited by Central State laws.
- For projects to be eligible under the Manufacturing Standard Package, The minimum investment required will be INR 50 crores.
- For existing Large / Mega / Ultra Mega enterprises making expansion investments, the minimum investment should be such that it meets the expansion criteria as Minimum expansion investment of INR 50 crores for Manufacturing Enterprises and INR 25 crores for Service Enterprises. AND Minimum expansion investment of at least 25% of its existing investment and expansion should generate incremental capacity of at least 20%.
- For MSMEs registered with Government of India, the minimum investment required to avail incentives under this package shall be INR 25 crores (Investments between INR 2550 crores to be treated under large category).
Applicability:
The operative period of the Policy shall be till 31st March 2029 from the date of issuance, or till a new policy is notified, whichever is earlier.
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