RIPS 2024 M-Sand SME Listing Support
By Department of Industries and Commerce, Government of Rajasthan
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Quick Answer
One-time assistance of 50% of the cost of raising capital through an SME platform, up to INR 5 lakh, for M-Sand units in Rajasthan.
About this subsidy
M-Sand units in Rajasthan that raise capital through an SME exchange platform can recover half of what the exercise costs them, capped at INR 5 lakh, under the Rajasthan Investment Promotion Scheme 2024.
Listing on an SME platform carries real out-of-pocket expense — merchant banker fees, exchange and depository charges, legal and audit work — which often deters smaller manufacturers from using public capital at all. This one-time reimbursement takes half of that off the table.
It is part of the dedicated M-Sand package under RIPS 2024 and is claimed through Rajasthan's single-window investment portal after the fund-raise is completed.
Eligibility
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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
- Amount
- Up to ₹5L
What You Get
A one-time financial assistance equal to 50% of the investment made in the process of raising funds through an SME platform, subject to a maximum of INR 5 lakh. It is a reimbursement of costs already incurred on the fund-raise, paid once rather than annually.
- Disbursement
- Reimbursement
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Application Process
- 1
Raise capital on an SME platform
Complete the fund-raise and retain all cost documentation.
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 assistance?
50% of the investment made in the process of raising funds, up to a maximum of INR 5 lakh.
Can I claim it more than once?
No — it is one-time financial assistance.
Which fund-raises qualify?
Capital raised through an SME platform.
When do I claim?
After the fund-raise, with the cost documentation, through the RIPS 2024 process on the state single-window portal.
Sources
Data on this page is compiled from official program and provider references.
