Rajasthan MSME Policy 2024: Complete Guide to Eligibility and Subsidies
The Rajasthan MSME Policy 2024 is a landmark step taken by the state government to boost industrial growth and entrepreneurship. This policy aims to empower Micro, Small, and Medium Enterprises (MSMEs) by offering financial assistance, simplified registration, and policy benefits that are aligned with the Rajasthan Investment Promotion Scheme (RIPS) 2024.
If you are an entrepreneur in Rajasthan or planning to start a small business, this guide will help you understand the benefits, registration process, and how to avail of the subsidies under the policy.
MSME Policy for Rajasthan: A Snapshot
The MSME Policy for Rajasthan is valid until March 31, 2029. It focuses on:
- Financial inclusion through subsidies and reimbursements
- Improving access to capital and markets
- Encouraging sustainable and green industry practices
- Reducing the regulatory burden on startups and MSMEs
- Creating a globally competitive but locally sustainable business environment
The policy targets sectors like agro-processing, handicrafts, food processing, plastic alternatives, leather, and other traditional sectors that represent Rajasthan’s strengths.
Major Benefits of the Rajasthan MSME Policy 2024
1. Asset Creation Incentives
- 75% investment subsidy on state GST for 10 years from the start of commercial production.
- Capital Subsidy:
- 50% of capital investment (up to INR 40 lakhs) for units making alternatives to plastic products
- 50% of capital investment (up to INR 1.5 Cr) for Agro & Food Processing units
- An additional 5% for SC/ST/Women/FPOs in Tribal Sub-Plan areas
2. Interest Subvention
A. RIPS 2024 Base Benefits:
- Loans up to ₹5 Cr: 6% interest subvention
- ₹5–10 Cr: 4%
- ₹10–50 Cr: 3%
B. Additional Interest Subvention:
- 2% additional for loans up to ₹5 Cr
- 1% for ₹5–10 Cr
- 0.5% for ₹10–50 Cr
This additional support helps reduce borrowing costs for MSMEs significantly.
3. Green Growth Incentives
MSMEs adopting sustainable practices can avail:
- 50% reimbursement on the cost of environmental infrastructure projects (up to ₹1 Cr)
- 10% subsidy on clean production machinery
- 100% electricity duty exemption for 7 years
- 50% waiver on consent fees under the Rajasthan Green Rating System
4. Exemptions & Reimbursements
- 100% Stamp Duty benefit in notified stages
- 100% Mandi Fee reimbursement for 7 years
- 100% Conversion Charges waived as per updated state rules
- No application for conversion needed for:
- Micro/small industries on khatedari land up to 1 acre
- Food processing units on up to 10 hectares
This facilitates faster approvals and land access for entrepreneurs
MSME Subsidy Scheme in Rajasthan
Here are the major components under the MSME Subsidy Scheme in Rajasthan:
1. Collateral-Free Loans
- Loans through CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises)
- 100% guarantee of fee reimbursement by the state for up to 7 years
2. Skill Development Assistance
- 50% cost reimbursement for employee training (up to 6 months)
- Monthly limits:
- Micro: ₹20,000
- Small: ₹30,000
- Medium: ₹40,000
3. Technology Acquisition
- 50% reimbursement on eligible technology acquisition (up to ₹5 lakh)
- Valid for tools/software acquired from IITs, NITs, IISc, NIDs, CSIR, and other approved bodies
4. Market Development Support
- Reimbursements for domestic and international trade fair participation:
- ₹37,500 to ₹150,000 depending on event location
- Travel cost for up to 2 persons reimbursed
- E-commerce Digitization Support:
- 75% of the cost (up to ₹50,000) for adopting POS systems, barcode scanners, inventory software, etc.
- 75% platform fee reimbursement (one e-commerce platform only)
These schemes are crafted to improve competitiveness and digital transformation.
Rajasthan MSME Policy in Hindi
For ease of access, the Rajasthan MSME Policy is available in Hindi on the official portal. Rural and regional entrepreneurs can better understand the procedures and benefits by downloading the Hindi version.
This localization effort ensures greater inclusivity across the state.
Final Thoughts
The Rajasthan MSME Policy 2024 represents a strong commitment by the state to uplift small businesses through a robust mix of fiscal and non-fiscal incentives. Whether you’re in manufacturing, services, agro-processing, or digital commerce, this policy provides support from the startup to the expansion phase.
If you’re an aspiring or existing entrepreneur in Rajasthan, this is your time to register your enterprise, explore the incentives, and grow your MSME.
We Want to Hear from You
Are you planning to register under the Rajasthan MSME Policy 2024?
Have questions about the subsidy schemes or registration process?
Drop your comments or queries below, and let’s help each other grow!
