Complete RIPS 2024 guide: three tiers, 75% SGST reimbursement, capital subsidy 13–28% of EFCI, interest subsidy, MSME relaxations and a worked rupee example.
Tier-1 – Standard Incentive Packages: covers Manufacturing, Services, Sunrise sectors, MSMEs, Start-ups, Industrial Infrastructure, and R&D/GCC/Test Labs. This is what most businesses claim.
Tier-2 – Add-on incentives driven by state priorities: Green Growth, Export Promotion, and Capability Development. These stack on Tier-1.
Tier-3 – Customised packages (Silver / Gold / Platinum) negotiated for very large strategic investments.
An eligible manufacturing enterprise makes a one-time, irreversible choice between three options:
| Option | What you get | Period / ceiling |
|---|---|---|
| Investment Subsidy | 75% of State tax (SGST) due & deposited | 7 years; ₹50 Cr/yr (Yr1–3), ₹65 Cr/yr (Yr4–7) |
| Capital Subsidy | 13%–28% of EFCI by project & area category | Disbursed over 10 years |
| Turnover-Linked Incentive | Linked to incremental turnover | As notified |
On top of the chosen option, every eligible unit can also get: interest subsidy up to 6% p.a. on term loans, 50% EPF/ESI reimbursement for 7 years, and 100% CGTMSE guarantee-fee reimbursement for 7 years.
The manufacturing standard package normally needs ₹50 crore minimum investment, but MSMEs registered with the Government of India qualify at ₹25 crore, and there is a dedicated MSME package for smaller units. Service enterprises and tourism units enjoy significantly lowered thresholds, with extra benefit for rural tourism and women entrepreneurs.
A manufacturing MSME invests ₹5 crore EFCI in a backward tehsil and opts for Capital Subsidy at ~17% (illustrative, area-enhanced):
| Head | Calculation | Amount |
|---|---|---|
| Capital subsidy | 17% of ₹5 Cr, over 10 yrs | ₹85 lakh |
| Interest subsidy | 6% p.a. on ₹3.5 Cr loan, 5 yrs | ₹~1.05 Cr |
| EPF/ESI reimbursement | 50% of employer share, 7 yrs | headcount-linked |
| Indicative direct support | ₹1.9 Cr+ | |
Exact slab depends on project category and the tehsil's area category — we compute it free during the DPR stage.
See sector-specific detail on our sector pages or pick your district.
Yes. MSMEs registered with the Government of India qualify for the manufacturing package at a relaxed ₹25 crore threshold, and there is a separate dedicated MSME package for smaller units.
No — investment subsidy (SGST), capital subsidy and turnover-linked incentive are mutually exclusive; you make a one-time irreversible choice. But interest subsidy, EPF/ESI and CGTMSE reimbursement can be claimed in addition.
It was notified on 8 October 2024 and remains in force up to 31 March 2029.
CA Nikhil Gupta will personally review your project and map every eligible Rajasthan & central subsidy — free assessment, no upfront fee.
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