STANDARD INCENTIVE PACKAGES OR
BENEFITS UNDER RIPS 2024:
Government of Rajasthan assist all
focused category to maximize favorable externalities in the state:
Focused category wise benefits may be
summarized as follow:
A) Incentive for Manufacturing Enterprises
· Standard Package
·
Add-on
additional incentives
B) Incentive for Service Sector Enterprises
· Standard Package
· Add-on additional incentives
C) Incentives for Sunrise Sectors
D) Incentives for MSMEs
E) Incentives for Startups
F) Incentives for industrial
infrastructure
G) Incentives for R&D, GCC & Test
Labs
COMPLETE BENEFITS FOR MANUFACTURING UNIT UNDER
RIPS, 2024:-
ELIGIBILITY CRITERIA FOR
MANUFACTURING ENTERPRISES
Hence, the eligibility criteria is
defined under the policy in five categories
- MSME-I
- MSME-II
- Large Category
- Mega Category and
- Ultra Mega Category
Which may be better understand by below table:-
|
Eligibility Category
|
Eligible Fixe Capital Investment Criteria (EFCI)
|
OR
|
Minimum Employement Criteria
|
Incentive Package Category
|
|
MSME 1
|
Investment less than INR 25 Crore
|
|
N/A
|
Benefits under MSME category
|
|
MSME 2
|
Investment INR >25 <50 Crore
|
|
N/A
|
Under MSME or under large category
|
|
LARGE
|
Investment INR >50 <300 Crore
|
OR
|
100 Employee with EFCI Rs. 50 Cr.
|
Manufacturing Standard Package of Investment subsidy or capital
subsidy or Turn Over Link subsidy
|
|
MEGA
|
Investment INR >300 <1000 Crore
|
250 Employee with EFCI Rs. 150 Cr.
|
|
ULTRA MEGA
|
Investment INR >1000 Crore
|
750 Employee with EFCI Rs. 500 Cr.
|
BENEFITS FOR MANUFACTURING
SECTOR:
The complete benefits, under the RIPS
2024 for a eligible manufacturing enterprises is defined in three PART:
PART-I: ASSETS CREATION
INCENTIVES: (In this part investor may choose any of one benefit out of
below three options of benefits):
- Investment Subsidy (SGST Reimbursement)
- Capital Subsidy
- Turnover Linkage Incentives
PART-II: ASSETS CREATION
INCENTIVES: Top-Ups
- Employment Booster
- Thrust Booster or Anchor Booster or Interest Subvention
PART-III: EXEMPTIONS:
- Electricity Duty
- Stamp Duty
- Conversion Charges
- Mandi Fee
- Market
Fee
PART-I: ASSETS CREATION
INCENTICES:- Any of one option may be choose out of below three options:
- Investment Subsidy (SGST Reimbursement)
- Capital Subsidy
- Turnover
Linkage Incentives
OPTION-I: INVESTMENT SUBSIDY (SGST
REIMBURSEMENT):
Investment subsidy of 75% State tax due and
deposited for a period of seven years with a ceiling amount INR 50 Crore per
annum for first three years and INR 65 Crore per annum for 4th to 7th year.
OPTION-II: CAPITAL SUBSIDY:
The capital subsidy will be given to eligible
manufacturing enterprises for investment made in eligible fixed capital
investment as defined in the scheme, the capital subsidy is given @ of 13
to 28 percentage as per the investment size and area category/ Location which
is as per below table:
|
Project Category
|
Location or Area Category
|
|
Area Category 1
|
Area Category 2
|
Area Category 3
|
|
Large
|
13% of EFCI to be disburse in 10
annual installments
|
17% of EFCI to be disburse in 10
annual installments
|
20% of EFCI to be disburse in 10
annual installments
|
|
Mega
|
17% of EFCI to be disburse in 10
annual installments
|
20% of EFCI to be disburse in 10
annual installments
|
23% of EFCI to be disburse in 10
annual installments
|
|
Ultra Mega
|
23% of EFCI to be disburse in 10
annual installments
|
25% of EFCI to be disburse in 10
annual installments
|
28% of EFCI to be disburse in 10
annual installments
|
The eligible capital subsidy will be
disbursed in 10 years installment subject to annual ceiling limit as below:
- For First three years: – INR 50 Crore per annum
- For 4-7 years: – INR 65 Crore per annum
- For 8-10 Years: – INR 80 Crore per
annum
OPTION-III TURNOVER LINKED INCENTIVE:
In Rajasthan state the turnover linked
incentives are first time introduced in RIPS 2022, to promote the manufacturing
sectors. Enterprises are eligible to avail the turnover linked incentive after
start the commercial production within the period of the scheme.
