RIPS 2024

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Industry-Wise Benefits & Incentives Under RIPS 2024

Manufacturing Sector

Criteria Details
Eligibility Minimum investment of ₹50 Cr (Large), ₹300 Cr (Mega), ₹1000 Cr (Ultra Mega)
Categories Manufacturing units, Industrial Expansion, Liquidation Asset Acquisitions
Key Incentives Investment subsidy (75% SGST for 7 years) OR Capital subsidy (up to 28% of EFCI) OR Turnover-linked incentives (up to 2% of Net Sales)
Additional Benefits Employment Booster (up to 15% of Asset Creation Incentive), Thrust & Anchor Boosters (up to 20%), Flexible Land Payment Model, Power Intensive Sector Incentives (additional 5% VAT reimbursement on PNG for 7 years)

Services Sector

Criteria Details
Eligibility Minimum investment of ₹25 Cr (Large), ₹100 Cr (Mega), ₹250 Cr (Ultra Mega)
Categories IT/ITeS, Healthcare, Tourism, Education, Financial Services, Film Production
Key Incentives Investment subsidy (75% SGST for 7 years) OR Capital subsidy (up to 20% of EFCI) OR Turnover-linked incentives (up to 1.4%)
Additional Benefits Employment Booster (up to 15%), Anchor Booster (up to 20%), Lease Rental Subsidy (25% for 5 years, max ₹1 Cr per year), Special incentives for IT/ITeS (higher capital subsidy cap of ₹100 Cr per year for first 3 mega projects)

Sunrise Sectors (New & High-Tech Industries)

Criteria Details
Eligibility First 3 mega/ultra-mega projects in each sunrise sector
Categories Green Hydrogen, Semiconductors, Drones, Electric Vehicles, Medical Devices, AI & Robotics, Industry 4.0, Aero & Space, Rare Earth Processing
Key Incentives Capital subsidy (up to 23% of EFCI), Turnover-linked incentives, Investment subsidy (75% SGST for 7 years)
Additional Benefits Sunrise Booster (25% of Asset Creation Incentive), Interest Subvention (5% for 5 years), 100% Banking, Wheeling & Transmission charges waiver for captive power (up to 200% of plant capacity)

MSME Sector

Criteria Details
Eligibility Investment above ₹25 Cr
Categories Micro, Small, and Medium Enterprises (as per GoI definition)
Key Incentives 75% SGST reimbursement for 10 years, Special capital incentives for alternatives to plastics (₹40 Lacs), Agro & Food Processing (₹1.5 Cr)
Additional Benefits Interest Subvention (3%-6% for 7 years), Employment Subsidy (50% EPF & ESI reimbursement for 7 years), Special Fund Raising Incentive (50% of capital raising expenses, up to ₹5 Lacs)

Startups & Incubators

Criteria Details
Eligibility Must qualify under Rajasthan Q-Rate program (Bronze or higher)
Categories Incubators, Accelerators, Seed-Stage Startups, Tech Startups
Key Incentives 75% SGST reimbursement for 10 years, Additional 25% for women-led startups, Seed support up to ₹30 Lacs
Additional Benefits ₹2.5 Cr for Govt incubators, ₹1.5 Cr for private incubators, Electricity Duty Exemption (7 years), Stamp Duty & Conversion Charge Benefits (75% exemption)

Tourism Sector

Criteria Details
Eligibility Investment between ₹10 Cr and ₹100 Cr
Categories Hotels, Resorts, Heritage Hotels, Theme Parks, Adventure Tourism, Rural Tourism
Key Incentives Standard Incentives as per the Large Project category
Additional Benefits Special incentives for rural tourism, Interest Subvention for loans under ₹25 Lacs

Logistics & Industrial Parks

Criteria Details
Eligibility Development of private industrial zones, logistics hubs
Categories Warehousing, Cold Storage, Multi-Modal Logistics Parks, Dry Ports
Key Incentives Capital support, lease rental subsidies, exemptions on stamp duty & conversion charges
Additional Benefits Flexible land payment model for large-scale projects

Summary of RIPS 2024 Benefits

Key Takeaways from RIPS 2024

Lower Eligibility Thresholds for MSMEs & Tourism

  • MSMEs & Tourism projects now qualify for incentives with lower investment limits (₹25 Cr for MSMEs, ₹10 Cr for tourism projects).

Special Incentives for Green & High-Tech Sectors

  • Sunrise Sectors like Green Hydrogen, Semiconductors, AI, and Drones receive 25% additional subsidies.

Employment & Women Entrepreneurship Boosters

  • Startups & MSMEs led by women get extra 25% SGST reimbursement.
  • Large employers get extra 15% incentives over base subsidies.

Ease of Doing Business & Land Benefits

  • Flexible Land Payment Model (25% upfront, 75% spread over 10 years).
  • Lease rental subsidies for IT/ITeS and startups.

Major Tax & Power Benefits

  • 100% electricity duty exemption for 7 years.
  • Additional VAT reimbursement on PNG for power-intensive industries.

RIPS 2024 - Scheme-wise Benefits & Eligibility

Scheme Name Applicable Industries Key Benefits
Standard Incentive Packages (Tier 1) Manufacturing, Services, Sunrise Sectors, MSMEs Investment subsidy (SGST), Capital subsidy, Turnover-linked incentives
Add-On Incentives (Tier 2) Green Growth, Export Promotion, Capability Development Top-ups on incentives (10%-25%), Employment Boosters, Sectoral Thrust Boosters
Customized Packages (Tier 3) Large and strategic investors Silver, Gold, Platinum packages with higher capital subsidies
Interest Subvention MSMEs, Sunrise Sectors, Manufacturing, Services 3%-6% interest subvention for 7-10 years
Exemptions & Reimbursements All eligible enterprises 100% electricity duty waiver (7 years), 75% stamp duty & conversion charge exemption, 100% mandi fee reimbursement
Special Employment Incentives MSMEs, Large Projects, Startups Reimbursement of 50% EPF/ESI for domiciled employees (7 years)
Land & Infrastructure Incentives Mega & Ultra-Mega Projects, Industrial Parks Flexible land payment model, Lease rental subsidy (₹1 Cr per year for 5 years)