RIPS 2024 Platinum ACI Ceiling (2.5%)
By Department of Industries and Commerce, Government of Rajasthan
Check your eligibility
Sign up and we'll tell you whether your startup qualifies for this grant.
Quick Answer
Projects investing over INR 3,000 crore with more than 1,500 jobs get their RIPS 2024 Asset Creation Incentive ceiling raised to 2.5% of EFCI per annum.
About this subsidy
The Platinum Package is RIPS 2024's top tier. For enterprises investing more than INR 3,000 crores and generating employment greater than 1,500, the ceilings for Asset Creation Incentives (ACI) are set at 2.5% of EFCI per annum.
EFCI is the Eligible Fixed Capital Investment recognised for the project, so the annual entitlement scales with the capital you actually put on the ground. Raising the ceiling does not by itself pay anything — it lifts the annual cap within which your Asset Creation Incentive claims are settled, which for a project of this size is what determines how quickly the incentive can be drawn down.
The Platinum Package is pursued through the RIPS 2024 route on Rajasthan's Rajnivesh single-window investment portal, as part of the project's approval.
Eligibility
See if you're eligible
Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
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…
Learn moreBenefits & Funding
What You Get
Your annual Asset Creation Incentive ceiling is set at 2.5% of Eligible Fixed Capital Investment, rather than the lower cap applying to smaller projects. For a Platinum Package project the ceiling is the binding constraint on how fast incentives can be drawn, so the enhancement changes the annual cash profile of the whole incentive package. Qualification needs investment above INR 3,000 crores and more than 1,500 jobs.
- Disbursement
- Reimbursement
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
The competent authority appraises the project's investment quantum, employment commitment and EFCI assessment before extending the Platinum Package ceiling of 2.5% of EFCI per annum.
Application Process
- 1
File the Platinum application
Apply under RIPS 2024 with the project's investment and employment commitments.
You - 2
- 3
- 4
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.
- 2
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.
- 4
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
What is the enhanced ceiling?
2.5% of EFCI per annum for Asset Creation Incentives.
What is EFCI?
Eligible Fixed Capital Investment — the capital investment recognised for the project under the scheme, against which the percentage ceiling is applied.
Who qualifies?
Enterprises investing more than INR 3,000 crores with employment generation greater than 1,500.
Does this pay me money directly?
It sets the annual ceiling on the Asset Creation Incentives you claim; the payout still comes through those incentives.
Is there a higher ceiling available?
The same clause allows the cap to be revised up to 3% of EFCI for projects above INR 4,000 crore that are export oriented and promote the green economy.
Where is this defined?
Clause 5.3 of the Rajasthan Investment Promotion Scheme 2024.
Sources
Data on this page is compiled from official program and provider references.
