Rajasthan Investment Promotion Scheme 2022 (RIPS-2022) – Simplified Guidelines

The Rajasthan Investment Promotion Scheme (RIPS-2022) provides various benefits and subsidies to promote investments in the state. Here is an easy-to-understand guide for businesses looking to benefit from the scheme.

1. Single Profile System

– A unified system for enterprises will manage profiles for vendors, taxpayers, and investors.
– The ‘Common Application’ serves as a single source of truth for businesses.
– The profile system is integrated with all related government departments to simplify data sharing.

2. Two Phases of Application

– Pre-Commercial Operations: Benefits include 75% exemption on stamp duty and conversion charges.
– Post-Commercial Operations: After starting commercial operations, enterprises can access all the benefits under RIPS-2022.

3. Entitlement Certificate (EC)

Businesses must apply for an Entitlement Certificate (EC) to claim incentives. After approval, they can file claims for applicable benefits.

4. Key Incentives

– Stamp Duty: Up to 75% exemption.
– Conversion Charges: Up to 75% exemption.

– Capital Subsidy/ 75% of SGST Refund for 7 years/ Turnover Link Subsidy 
– Electricity Duty Exemption: For eligible businesses.
– Market/Mandi Fee: Exemptions available for certain sectors.
– Interest Subsidy: For manufacturing and logistics businesses.
– Green Incentives: Subsidies for adopting sustainable practices.

5. Application Process

Applications are processed through the RIPS portal. Businesses need to submit supporting documents like tax invoices, employee details, and project reports.

6. Screening Committees

– District Level: For investments up to ₹50 crore.
– State Level: For investments above ₹50 crore or in multiple districts.

7. Digital Platform

Continuous improvements are made to integrate digital tools for Chartered Accountants and invoicing, enhancing transparency.

FOR MORE DETAILS PLEASE DOWNLOAD THE PROCEDURAL GUIDLINE ISSUED BY THE DEPARTMENT BY CLICK HERE