The State Government of Rajasthan in its Order dated 17th December 2019, has published the Rajasthan Investment Promotion Scheme, 2019 to provide benefits to eligible manufacturing and services sector enterprises and to generate employment opportunities in the State of Rajasthan. The scheme shall be effective from 17th December 2019 till 31st March 2026.
Key Highlights of the scheme:
The scheme shall be applicable to new and existing enterprises making investment for setting up new units and existing enterprise making investment for expansion Provided that the enterprise shall commence commercial production or operation during the operative period of the Scheme.
The Scheme shall not be applicable to a unit of enterprise if its commercial production or operation has commenced before the issuance of this order.
The State Government, on the recommendation of the State Empowered Committee (SEC), may grant the benefit of the scheme to an enterprise to whom any customized package under the RIPS-2010 or RIPS-2014 has been issued but due to genuine hardship, has failed to avail the benefits, initiate civil work or has failed to start commercial production.
The investment made and employment generated in the State of Rajasthan shall only be eligible to be counted for investment and employment.
Further the scheme provides certain benefits to the following sectors:
- Manufacturing enterprises
- Manufacturing enterprises in Thrust sector
- Service enterprises
- Service Enterprises in Thrust Sectors
- Enterprises in Backward and Most Backward Areas
Click here to read the Notification.
