Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee
By Department of Industries and Commerce, Government of Rajasthan
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Quick Answer
This Rajasthan government scheme provides additional interest subsidy over RIPS 2024 and 100% reimbursement of Annual Credit Guarantee Fees to eligible MSMEs for new establishments, expansion, diversification, or modernization.
About this subsidy
The "Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee" is an initiative by the Department of Industries and Commerce, Government of Rajasthan, under the Rajasthan MSME Policy 2024. Its primary objective is to foster new employment opportunities across the state and facilitate the establishment and growth of enterprises. The scheme aims to support the creation of new Micro, Small, and Medium Enterprises (MSMEs) or the expansion, diversification, and modernization of existing ones by offering additional interest subsidies on loans and reimbursement of annual credit guarantee fees for collateral-free loans. This policy underscores the state's commitment to industrial growth and entrepreneurship. The scheme is effective until March 31, 2029, providing a stable framework for long-term industrial development. The implementation is overseen by the Office of the Commissioner, Industries & Commerce, at the state level, with execution carried out through District Industries & Commerce Centers.
Eligibility
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Subsidy providers
The Industries & Commerce Department is a Government of Rajasthan department based in Jaipur. It runs the Vishwakarma Yuva Udyami Protsahan Yojana, a continuous subsidy for enterprises owned by young entrepreneurs, and it sets out further MSME subsidies and incentives in the…
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What You Get
This scheme offers significant financial relief to eligible MSMEs in Rajasthan. Beneficiaries receive additional interest subsidies over and above those provided by RIPS 2024, ranging from 0.5% to 2% on term loans for plant and machinery/equipment, applicable to loan amounts up to ₹50 crore. Furthermore, for collateral-free term loans below ₹5 crore availed under the CGTMSE scheme, enterprises are eligible for 100% reimbursement of the Annual Guarantee Fees paid to Member Lending Institutions for a period of seven years. These benefits aim to reduce the financial burden on MSMEs, encourage new establishments, and support the expansion, diversification, or modernization of existing enterprises, thereby fostering economic growth and employment opportunities in the state.
- Disbursement
- Reimbursement
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
Applications are reviewed by either the District Level Task Force Committee (DLTFC) for loans up to ₹10 crores, or the High-Level Task Force Committee (HLTFC) for loans above ₹10 crores. both committees operate under the chairmanship of the Commissioner of Industries and Commerce, Government of Rajasthan. Post-approval, applicants can claim their quarterly subsidy and reimbursement by submitting a CA Certificate (Annexure 1.2) to the concerned GM, DICC, who is authorized to release the sanctioned amount.
Application Process
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Download Application Form
Obtain the official application form (Annexure 1.1) from the scheme's guidelines document.
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How to apply
Four steps from draft to disbursement — one action each.
- 1
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
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Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 3
Submit on the official portal
Use the official application link and verify all details before final submission.
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Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
What is the primary objective of this scheme?
The scheme's objective is to create new employment opportunities for all sections of society in Rajasthan and to ease the establishment of new enterprises or the expansion, diversification, and modernization of existing MSMEs.
Who implements this scheme?
The scheme is implemented through the respective District Industries & Commerce Centers (DICCs) in their districts, under the overall supervision of the Department of Industries & Commerce. The Office of the Commissioner, Industries & Commerce, acts as the nodal agency at the state level.
What are the main financial benefits provided?
The scheme offers an additional interest subsidy (0.5% to 2%) over and above RIPS 2024 on term loans for plant and machinery, for loan amounts up to ₹50 crore. It also provides 100% reimbursement of Annual Credit Guarantee Fees paid to MLIs under CGTMSE for loans below ₹5 crore for a period of seven years.
What is the application deadline?
Applications must be submitted within 6 months of the approval of interest subvention under RIPS 2024. A delay of up to 6 months can be condoned by the approval committee with valid reasons.
Which categories of entrepreneurs are specifically prioritized?
The scheme prioritizes One District One Product (ODOP) enterprises, enterprises owned by Scheduled Caste (SC)/Scheduled Tribe (ST) or women entrepreneurs, and young entrepreneurs (18-45 years) starting new enterprises (for loans up to ₹10 crore).
Sources
Data on this page is compiled from official program and provider references.
