Marble, granite, sandstone and mineral grinding units. Here is exactly what your mineral & stone processing enterprise can claim under RIPS 2024 and allied Rajasthan schemes.
Rajasthan is India's leading marble, granite and sandstone state, and the clusters are well defined. Makrana in Nagaur supplies globally famous marble, Kishangarh in Ajmer is Asia's largest marble market, Jalore leads in granite, Rajsamand anchors the Rajnagar marble belt, and Dholpur and Karauli are known for red sandstone. Marble, granite and stone-processing units are prime candidates for RIPS 2024 capital subsidy and interest subvention as mineral-sector units, and many also qualify for ODOP margin money where stone is the district's identified product. We position the unit on the right scheme combination and area category for the maximum claim.
| Benefit | Basis | Notes |
|---|---|---|
| Capital subsidy | 13%–28% of EFCI | Project/area category linked |
| Investment subsidy (alt.) | 75% SGST for 7 years | Mutually exclusive choice |
| Interest subsidy | Up to 6% p.a. | On term loan |
| ODOP benefit | Margin money where it is the district product | Stacks on RIPS |
Immediate (Year 0–1): margin-money subsidy reduces your own contribution at sanction, CGTMSE removes the collateral barrier, and interest subsidy lowers your EMI from the first instalment.
Long-term (Year 2–10): capital subsidy is disbursed in annual instalments over up to 10 years, SGST reimbursement runs 7–10 years, and EPF/ESI reimbursement continues for 7 years — a compounding cash-flow advantage as you scale.
This split is explained with numbers in our Immediate vs Long-Term RIPS benefits guide.
Browse all 33 district pages — each shows the ODOP product and worked rupee examples relevant to this sector.
A marble or granite cutting-and-polishing unit in the Makrana / Kishangarh belt is set up as a new micro enterprise with a project cost of ₹50 lakh (bank-financed).
| Benefit head | Basis | Indicative amount |
|---|---|---|
| RIPS capital subsidy | Mineral-sector, area-linked | slab on EFCI |
| Interest subsidy | Up to 6% p.a. on term loan | ₹~6–7 lakh (approx) |
| ODOP margin money | Where stone is the ODOP product | 25% (cap ₹15L) |
| CGTMSE guarantee fee | Collateral-free credit support | fully/partly reimbursed |
| Indicative total support | ₹15 lakh+ on a ₹50L project | |
Figures are indicative and for illustration only. The exact capital-subsidy slab depends on project category and the area category of the tehsil; backward areas attract higher rates. Your precise eligibility is computed in your free assessment.
A mineral or stone-processing unit registers on Udyam and files its RIPS 2024 application with EFCI documentation; where stone is the district's ODOP product, it also registers as an ODOP enterprise for margin money. We map the unit to the correct area category and file the right combination of RIPS capital subsidy, interest subvention and ODOP margin money for the maximum claim.
Mineral and stone-processing units qualify for RIPS 2024 capital subsidy and interest subvention as mineral-sector units, and for ODOP margin money where stone is the district's identified product.
Makrana (Nagaur) for marble, Kishangarh (Ajmer) for the marble market, Jalore for granite, Rajsamand for the Rajnagar marble belt, and Dholpur/Karauli for red sandstone.
Yes, where the district's identified ODOP product is stone or marble (for example Makrana Marble in Nagaur), a new micro unit can claim 25% margin money up to ₹15 lakh.
Export-oriented units can claim RIPS export-promotion boosters in addition to the standard mineral-sector package.
CA Nikhil Gupta will personally review your project and map every eligible Rajasthan & central subsidy — free assessment, no upfront fee.
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