Rajasthan Investment Policy Scheme 2014
The Rajasthan Investment Promotion Scheme 2014 (RIPS-2014) is a comprehensive package of attractive incentives for setting up businesses in the State. Besides a general package, the Scheme also offers incentives for investment in specific sectors.
Highlights
- Provisions of E-Governance: Enabling electronic mechanism for time bound approvals
- Employment: Both direct & indirect (contract) employment included; reimbursement limits enhanced; provision for annualized increment
- Manufacturing Sector
- Investment Subsidy @ 30% of VAT and CST for 7 years
- Employment Generation Subsidy up to 20% of VAT and CST for 7 years
- 50% exemption in Electricity Duty, Land Tax and Mandi Tax for 7 years
- 50% exemption in Conversion Charges for change of land use
- 50% exemption in Stamp Duty on purchase or lease of land
- Additional Investment Subsidy for Women/PwD/SC/ST to the extent of 10% of VAT and CST
- 100% exemption from Entry Tax, to the enterprise making investment more than Rs.750 crore
- Service Sector
- Reimbursement of 50% of amount of VAT paid on purchase of plant and machinery or equipment for 7 years
- 50% exemption in Electricity Duty for 7 years
- 50% exemption in Entertainment Tax, Land Tax and Luxury Tax for 7 years
- 50% exemption in Conversion Charges for change of land use
- 50% exemption in Stamp Duty for purchase or lease of land
- Additional 10% reimbursement of VAT/CST paid, for Women/ PwD/SC/ST
- 100% exemption from Entry Tax, to the enterprise making investment more than Rs.750 crore
- Customized Package for
- Enterprise investing >Rs.500 crore or with employment > 500 persons
- Enterprise investing > Rs.100 crore using minerals which are available in abundance in the State
- Service Enterprise investing > Rs.200 crore or providing employment to > 500 persons