Thrust Booster Rajasthan Scheme 2024
By Department of Industries and Commerce, Government of Rajasthan
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Quick Answer
An additional 10% financial incentive over the Asset Creation Incentive for eligible Service Enterprises operating in Thrust Sectors under the Rajasthan Investment Promotion Scheme 2024.
About this subsidy
The Thrust Booster is an integral part of the Rajasthan Investment Promotion Scheme (RIPS) 2024, meticulously designed to invigorate the state's service sector. This incentive aims to provide crucial additional financial support to eligible service enterprises that operate within specific 'Thrust Sectors,' as defined by the state government in Annexure 9.5 of the policy document. By offering a significant 10% booster over the existing Asset Creation Incentive, the scheme actively encourages businesses to invest in new assets, expand their operations, and contribute to vital job creation and overall economic growth within Rajasthan. This strategic incentive mechanism is crucial for fostering a robust and competitive business environment, attracting new investments, and nurturing the growth of key service industries deemed vital for the state's long-term economic prosperity. It distinctly reflects the government's unwavering commitment to supporting enterprises that align with its developmental priorities and identified sectoral focus.
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…
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What You Get
The program offers a 10% booster over the existing Asset Creation Incentive amount, providing direct cash assistance to qualifying service enterprises. This additional financial support is meticulously designed to enhance the capital base of businesses by encouraging further investment in productive assets, thereby facilitating expansion, technological upgrade, and operational efficiency. The incentive is a non-repayable benefit, explicitly intended to reduce the financial burden on enterprises and stimulate robust economic activity within Rajasthan's identified Thrust Sectors. It acts as a direct financial catalyst, significantly contributing to asset development and sustainable growth without requiring equity dilution or imposing repayment obligations.
- Disbursement
- Milestone Based
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
The selection process for the Thrust Booster, being an incentive under a state policy, typically involves a meticulous verification of the application and the eligibility criteria. The designated state authority, likely the Department of Industries or the Finance Department, will thoroughly review submissions for compliance with the Rajasthan Investment Promotion Scheme 2024, including the operational status of the service enterprise and its alignment with the specified Thrust Sectors. Verification would also cover the details of asset creation and the accurate calculation of the base Asset Creation Incentive, against which the 10% booster will be applied. The process ensures that only genuinely eligible enterprises receive the benefit, adhering strictly to the policy's objectives of promoting investment and economic growth.
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.
Program templates & documents
Files the program publishes for applicants — download these and apply in the prescribed format.
Frequently Asked Questions
What is the Thrust Booster?
The Thrust Booster is an additional incentive of 10% over the Asset Creation Incentive amount, offered to eligible Service Enterprises operating in specific Thrust Sectors under the Rajasthan Investment Promotion Scheme (RIPS) 2024. It aims to encourage further investment and growth in key service industries within Rajasthan.
Who is eligible for the Thrust Booster?
Eligible Service Enterprises that are actively operating in the Thrust Sectors, as defined in Annexure 9.5 of the Rajasthan Investment Promotion Scheme 2024, can claim this booster. The program targets businesses that contribute to asset creation and economic development in the state.
What is the amount of the Thrust Booster?
The booster provides an additional 10% over the Asset Creation Incentive amount. The exact monetary value will depend on the base Asset Creation Incentive that the enterprise qualifies for and the value of assets created.
How can I apply for the Thrust Booster?
The Thrust Booster is claimed as part of the overall application process for incentives under the Rajasthan Investment Promotion Scheme 2024. Applicants should refer to the official RIPS 2024 guidelines and application forms, typically available through the Rajasthan Finance Department or relevant state industry portals, to understand the detailed submission process.
What are "Thrust Sectors"?
Thrust Sectors are specific industry categories identified by the Government of Rajasthan as crucial for the state's economic development and investment promotion. These sectors are detailed in Annexure 9.5 of the Rajasthan Investment Promotion Scheme 2024 document. Enterprises operating within these sectors are prioritized for various incentives, including the Thrust Booster.
Is this booster a repayable loan or an equity investment?
No, the Thrust Booster is a non-repayable incentive (subsidy). It is designed to provide financial relief and encouragement for asset creation and business expansion, without requiring any equity stake from the government or any repayment obligations from the enterprise.
Sources
Data on this page is compiled from official program and provider references.
