Rajasthan Nivesh Protsahan Yojana 2020 – New RIPS policy

राजस्थान निवेश प्रोत्साहन योजना 2020 – उद्योग शुरू करने के लिए नई रिप्स नीति – Rajasthan Investment Promotion Scheme 2020 – New RIPS policy for starting the industry, Rajasthan Nivesh Protsahan Yojana 2020 – New RIPS policy

Rajasthan government has been running investment promotion scheme in the state since 2014. This government scheme was mainly made keeping in mind the areas and people who want to set up a new unit or to develop them even more by investing in pre-engaged enterprises and units. According to the Rajasthan Investment Promotion Scheme, now wants to make some changes in the policies, which was informed by Industry and State Enterprises Minister Parsadi Lal Meena and said that the country will have the best and concessional scheme.

The earlier Chief Minister Investment Promotion Scheme (RIPS) had some shortcomings in which people had to face many difficulties related to investing. Under Raj Investment Promotion Scheme, a simple, easy, industrial-oriented and employment-oriented industrial policy will be implemented so that no entrepreneur has to face difficulties in investing. This directly means that now anyone can come to the state and put up industry, which was not easy before.

At the JECC of Industry and State Enterprises Minister Meena Sitapura was addressing a dialogue workshop of the Department of Industries of Jaipur Division, where she told that for the first time, the government is going to the industrialists and talking directly to the division level. Now industries will not need permission, where earlier entrepreneurs had to visit offices.

Rajasthan Nivesh Protsahan Yojana 2020

The entire focus of CM Ashok Gehlot is on the Department of Industries. According to which his government is going to initiate more concessions and facilities. He told that on the first anniversary of his government, entrepreneurs like industry policy, rips policy, one stop shop are going to give gifts. He has instructed the officials and the institutions concerned to make changes in the methodology. He said that Rajasthan State Industrial Development and Investment Corporation (RIICO) has also given instructions to solve problems like sewerage, water, roads, lights. Along with this, Rico has also been instructed to set up a CEPT plant at Sitapura.

Dr. Aggarwal said that in a communication with the Department of Industries, it was revealed that there were problems related to Ricoh, electricity, pollution board, water, revenue, which will now be rectified in the new policy. He said that problems have been started by making time-bound action plans.

Apart from making Breeze Finance, Facilitation Council powerful, arranging government procurement of products of MSME units on single tender through Rajasico, nominating representatives of industrial associations in institutions related to industries, CEPT system, sewer in industrial areas. Arrangement, ESI Hospital, Fourlane connectivity, charging system for electric vehicles Suggestions were also made for arranging grants etc.

Rajasthan Investment Promotion Scheme Benefits and Features

Under the Rajasthan Investment Promotion Scheme 2014 (RIPS), provisions were made for the benefits as follows:

  •     50% discount on stamp duty and land conversion fee
  •     50 percent exemption in electricity tax, mandi duty and land tax (for seven years)
  •     30 percent investment grant and 20 percent employment creation grant (for seven years)
  •     5 to 7 percent interest subsidy for 5 years for textile sector.
  •     20% capital grant on ETP setup to textile, agro processing, food processing and biotechnology units
  •     Additional benefits for setting up enterprises in backward and backward areas
  •     Other benefits to enterprises on getting customized package
  •     Additional benefits for thrust sector (manufacturing sector-15, service sector-3) enterprises etc. mentioned in the scheme
  •     Additional benefits are proposed for women / scheduled castes and tribes.
  •     There is also a provision for additional benefits on investment made in backward and backward areas.
  •     A provision has also been made to approve customization packages to units that invest more than a certain limit and provide employment.

CM Investment Incentive Scheme – Thrust Sectors

There are some areas in this scheme of government (RIPS Scheme) for which there are special provisions, whose list you can see below:

  •     Ceramics & Glass
  •     Dairy
  •     M.S.M.E.
  •     ESDM (Electronics System Design Manufacturing)
  •     Pharmaceutical
  •     Plastic to Oil Manufacturing
  •     Textile
  •     Industrial gas
  •     Defence
  •     IT & Robotics
  •     Biotechnology
  •     Kota Stone Marble and Granite
  •     Dissolution
  •     Agro Processing and Agro Marketing
  •     Food processing
  •     IT
  •     Biotechnology
  •     Turism
Important Things

Leave a Comment