RIPS 2024 Green Loan Interest Subvention
By Department of Industries and Commerce, Government of Rajasthan
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Quick Answer
RIPS 2024 pays a 6% interest subvention on loans taken by Rajasthan enterprises for activities covered under SIDBI's Green Finance Scheme.
About this subsidy
If your enterprise borrows under SIDBI's Green Finance Scheme — the facility that funds energy efficiency, renewable energy and cleaner-production investments — the Rajasthan Investment Promotion Scheme (RIPS) 2024 pays an interest subvention of 6% on that loan.
The subvention lowers your effective cost of borrowing: the state absorbs six percentage points of the interest on eligible green-activity loans, so the benefit is realised over the life of the loan rather than as a lump sum. The loan itself still comes from SIDBI on its own terms and remains repayable — the state incentive covers only the interest component. It is claimed under the RIPS 2024 application process through Rajasthan's single-window investment portal.
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
The state absorbs 6% of the interest on loans you take for activities covered under SIDBI's Green Finance Scheme, cutting your effective borrowing cost on green capex such as energy efficiency or renewable installations. The underlying loan remains a SIDBI facility on its own terms and is repayable; the RIPS benefit applies to the interest only, and is realised across the loan's tenure.
- Disbursement
- Reimbursement
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
No competitive selection. The department verifies the SIDBI sanction and the eligibility of the financed activity, then releases the subvention against interest actually paid.
Application Process
- 1
Take the SIDBI loan
Get a loan sanctioned under SIDBI's Green Finance Scheme for an eligible green activity.
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
How much is the subvention?
6% on loans taken for activities covered under SIDBI's Green Finance Scheme.
Does the state give me the loan?
No. The loan is SIDBI's under its Green Finance Scheme; Rajasthan subsidises the interest on it.
Which activities qualify?
Those covered under SIDBI's Green Finance Scheme, as the RIPS 2024 clause defines the scope by reference to that scheme.
Is there a rupee cap?
The clause states only the 6% subvention rate; it puts no rupee figure on this item.
Do I still repay the loan?
Yes — the principal and the balance of the interest remain payable to SIDBI. Only the subvention portion is borne by the state.
Where do I apply?
Through the RIPS 2024 application on Rajasthan's Rajnivesh single-window portal, after sanction of the SIDBI loan.
Sources
Data on this page is compiled from official program and provider references.
