- Maximum benefit
- 75% of State tax for 10 years + 3–6% interest subvention for 7 years (MSME cap ₹5 Crore a year)
- Who can apply
- Micro, Small, Medium enterprises
- Status
- Open; current term ends 31 March 2029
Is RIPS 2024 open? Key facts at a glance
RIPS 2024 (Rajasthan): 75% of State tax for 10 years + 3–6% interest subvention for 7 years (MSME cap ₹5 Crore a year).
Last verified: 26 Oct 2026. How we check our information
| Status | Open |
|---|---|
| Level | Rajasthan State scheme |
| Type of benefit | Investment Subsidy (75% of State Tax) + Interest Subvention + Exemptions |
| Maximum benefit | 75% of State tax for 10 years + 3–6% interest subvention for 7 years (MSME cap ₹5 Crore a year) |
| Project cost range | MSMEs as defined by the Government of India; interest subvention on loans up to ₹50 Crore |
| Who can apply | Micro, Small, Medium enterprises (Manufacturing, Service) |
| Implementing agency | Industries & Commerce Department, Rajasthan (District Industries & Commerce Centre; scheme notified by the Finance Department, Tax Division) |
| Where to apply | Rajnivesh single-window portal |
| Official notification | Read the notification (PDF) · notified 8 October 2024 |
| Also read from | Procedural guidelines amendment of 23 October 2026, No. F.12(32)FD/Tax/2024-Pt-II-36 (PDF) |
| Current term ends | 31 March 2029 |
| Last verified | 26 Oct 2026 · How we check |
What is RIPS 2024?
RIPS 2024 replaced RIPS 2022 and is Rajasthan’s main incentive scheme for new investment, operative until 31 March 2029 or until a new policy is notified.
MSMEs in manufacturing and services receive an asset-creation incentive of 75% of State tax due and deposited for ten years from commercial production, with top-ups for interest subvention and EPF/ESI, special capital incentives for agro and food processing and plastic alternatives, green, training, export and patent incentives, exemption from electricity duty, reimbursement of mandi fee, and 75% exemption plus 25% reimbursement of stamp duty and land-conversion charges.
All incentives for an MSME are capped at ₹5 crore a year. Since an amendment of 16 May 2025 (effective from 8 October 2024) the MSME package uses the Government of India definition of MSMEs as amended from time to time.
The later amendments of 11 March, 17 April, 18 June and 17 July 2026 do not change the MSME package; the procedural guidelines amended on 18 August 2026 confirm it applies only to MSMEs in sectors eligible under the manufacturing or services packages.
Guideline amendments of 23 October 2026 add automatic PAN and GSTIN checks at the Entitlement Certificate stage, link land registration to the EC, and pro-rate expansion benefits for part years; they do not change the MSME package.
Selected MSMEs can add the Rajasthan MSME Policy 2024 interest top-up and CGTMSE fee reimbursement over and above RIPS 2024; trading enterprises, which RIPS excludes, are covered by the Rajasthan Trade Promotion Policy 2025.
Official notification (PDF) · notified 8 October 2024
What are the key benefits of RIPS 2024?
- Investment subsidy of 75% of State tax due and deposited, for ten years from the date of commercial production.
- Interest subvention for seven years: 6% on loans up to ₹5 crore, 4% on ₹5–10 crore and 3% on ₹10–50 crore taken for plant, machinery or equipment; ten years for Khadi enterprises. On loans up to ₹25 lakh, 1% more for agro-based industries and beneficiaries of the Rajasthan Rural Tourism Policy.
- 50% of the employer’s EPF and/or ESI contribution for seven years (domiciled employees only).
- Special capital incentive of 50% of capital investment for agro and food processing (up to ₹1.5 crore) and for makers of plastic alternatives (up to ₹40 lakh); 5% more for FPOs owned by SC/ST/women entrepreneurs and for units in Tribal Sub-Plan areas.
- Green incentives up to ₹1 crore: 50% of environmental project costs, 10% of clean-technology machinery, 100% electricity duty exemption on captive renewable energy for seven years, and a 50% consent-fee waiver; plus 6% interest subvention on loans for activities covered by SIDBI’s Green Finance Scheme.
- Training: 50% of employee training costs for six months, up to ₹20,000, ₹30,000 or ₹40,000 a month for micro, small or medium units.
- First-time MSME exporters (existing units included): 25% of freight to State ICDs or air cargo, up to ₹25 lakh a year.
- One-time 50% of the cost of raising capital on an SME exchange platform, up to ₹5 lakh; 75% of the cost of acquiring patents, up to ₹5 lakh.
- Selected MSMEs that already have RIPS 2024 interest subvention can get 2%, 1% or 0.5% more (loans up to ₹5 crore, ₹5–10 crore and ₹10–50 crore) and 100% of the CGTMSE annual guarantee fee for seven years (collateral-free plant-and-machinery loans below ₹5 crore) under the Rajasthan MSME Policy 2024 (clause 6.2; guidelines of 19 February 2025, scheme 1).
- Electricity duty: 100% exemption for seven years. Mandi or market fee: 100% reimbursed for seven years. Stamp duty on land and buildings, and land-conversion charges: 75% exempted and the remaining 25% reimbursed.
What could a unit get under RIPS 2024?
The ceiling the scheme sets. What a particular unit receives depends on its project cost, location and the conditions on this page, so no rupee figure is worked out here.
Up to the scheme’s limits: 75% of State tax for 10 years + 3–6% interest subvention for 7 years (MSME cap ₹5 Crore a year)
Illustrative only: this is the scheme’s maximum, not an estimate for your unit. Source: RIPS 2024, Finance Department order No. F.12(32)FD/Tax/2024-93A of 8 October 2024 (operative until 31 March 2029), as amended up to 17 July 2026; Procedural Guidelines of 3 February 2025 as amended on 18 August 2026 and 23 October 2026 (No. F.12(32)FD/Tax/2024-Pt-II-36).
Who can apply for RIPS 2024?
- MSMEs in manufacturing and services setting up or expanding in Rajasthan, classified by the Government of India definition as amended from time to time (amendment of 16 May 2025). The scheme as first notified listed micro up to ₹1 crore investment and ₹5 crore turnover; small up to ₹10 crore and ₹50 crore; medium up to ₹50 crore and ₹250 crore — that table was deleted, so check the current Udyam limits instead. A unit that later outgrows MSME status keeps its approved MSME benefits (guidelines clause 1.23).
- Services MSMEs qualify only in the services thrust sectors of Annexure 9.5, which include IT and ITeS, tourism, fintech, entertainment, healthcare, civil aviation, AVGC-XR, higher education, vocational training and knowledge-based industries. Trading and retail, tobacco and pan masala, cow-beef processing and city gas distribution are excluded (Annexure 9.2).
- Renewable-energy generation and storage, and M-Sand, must apply under their own sector packages, not the MSME package (guidelines clause 1.21).
- An existing MSME expanding must invest at least 25% of its existing investment and add at least 20% capacity (section 6.3). An MSME investing more than ₹25 crore may instead choose the large-project manufacturing or services package.
- Commercial production must start within the operative period or within two years of the Entitlement Certificate, whichever is later (clause 2.4).
- Only investment made and employment created in Rajasthan counts (clause 2.3).
- FPOs and farmer producer co-operatives with at least 50 farmer members are also eligible (clause 2.5).
Eligible business types
MSME categories covered
Eligible industries
How do I apply for RIPS 2024?
- Apply on the Rajnivesh single-window portal for an Entitlement Certificate: create the enterprise profile (Form 1) and project profile (Form 2). Before production, Form 3A gets the Entitlement Certificate for the 75% stamp duty and conversion-charge exemptions. The Form 3A evaluation now includes automatic verification of PAN, GSTIN and enterprise name; land is registered after the EC, with the buyer name and khasra/plot number auto-checked by the Registration & Stamps Department (guidelines 1.11 and 3.5 as amended on 23 October 2026).
- Within 90 days of starting commercial production, file Form 3B with the post-production documents for the Entitlement Certificate covering the remaining incentives. Existing units claiming only the green or first-time-exporter incentives apply within twelve months of the invoice (guidelines clause 1.11).
- Applications under the MSME package are sanctioned by the District Level Sanctioning Committee (by the State committee only if the investment spans several districts).
- After the Entitlement Certificate, claim the incentives each year through the portal with the tax-deposit and expenditure records. A late application can be condoned by the sanctioning committee (guidelines clause 1.14).
Apply at: Rajnivesh single-window portal
Which documents are needed for RIPS 2024?
- Udyam Registration
- GSTIN
- First sale or tax invoice as proof of commercial production
- Investment certificate certified by a chartered accountant, and a self-certified capacity certificate (procedural guidelines, section 4)
- List of employees in the prescribed format; EPF/ESI registration (for the employment subsidy)
- Consent to Operate from the Rajasthan State Pollution Control Board
- Term loan sanction letter and repayment details (for interest subvention)
- Land or lease documents (for stamp duty and conversion-charge benefits)
Can RIPS 2024 be combined with other schemes?
This scheme can be combined with the following for higher total benefits:
Why are RIPS 2024 applications rejected?
- Commercial production outside the operative period
- Investment or employment outside Rajasthan counted
- Claim made without an Entitlement Certificate
- Services MSME outside the services thrust sectors (Annexure 9.5), or an ineligible activity such as trading or tobacco (Annexure 9.2)
- Entitlement Certificate application filed more than 90 days after commercial production without condonation
Subsidy Setu's DPR preparation process addresses all common rejection points before filing.
Frequently asked questions about RIPS 2024
- Is RIPS 2024 open?
- Yes. The current term runs until 31 March 2029. Status last verified: 26 Oct 2026.
- Who can apply for RIPS 2024?
- Micro, Small, Medium enterprises (Manufacturing, Service).
- What is the maximum benefit under RIPS 2024?
- 75% of State tax for 10 years + 3–6% interest subvention for 7 years (MSME cap ₹5 Crore a year).
- How do I apply for RIPS 2024?
- 1. Apply on the Rajnivesh single-window portal for an Entitlement Certificate: create the enterprise profile (Form 1) and project profile (Form 2). Before production, Form 3A gets the Entitlement Certificate for the 75% stamp duty and conversion-charge exemptions. The Form 3A evaluation now includes automatic verification of PAN, GSTIN and enterprise name; land is registered after the EC, with the buyer name and khasra/plot number auto-checked by the Registration & Stamps Department (guidelines 1.11 and 3.5 as amended on 23 October 2026). 2. Within 90 days of starting commercial production, file Form 3B with the post-production documents for the Entitlement Certificate covering the remaining incentives. Existing units claiming only the green or first-time-exporter incentives apply within twelve months of the invoice (guidelines clause 1.11). 3. Applications under the MSME package are sanctioned by the District Level Sanctioning Committee (by the State committee only if the investment spans several districts). 4. After the Entitlement Certificate, claim the incentives each year through the portal with the tax-deposit and expenditure records. A late application can be condoned by the sanctioning committee (guidelines clause 1.14). Apply at: Rajnivesh single-window portal.
- Until when can I apply for RIPS 2024?
- The current term runs until 31 March 2029. Projects must usually be registered or commence within the term; check the cut-off before you rely on it.
Guides on RIPS 2024
Related schemes
Which earlier or closed schemes are linked to RIPS 2024?
These schemes are not open to new applications. Their pages stay online so you can see what changed and what replaced them.
- Rajasthan Investment Promotion Scheme 2019: Replaced by this scheme (superseded 7 october 2022)
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