About this business scheme
As per the MSME Policy 2024, it supports the establishment of new MSMEs and the expansion, diversification, or modernization of existing ones by offering interest subsidies and reimbursement of guarantee fees to ease access to finance and reduce the cost of credit.
The "Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee" has been introduced under the Rajasthan MSME Policy 2024 by the Department of Industries and Commerce, Government of Rajasthan. Under this scheme, support will be provided to selected projects for establishment of new MSMEs or for expansion/ diversification/ modernization of existing MSMEs through the provisions given in the policy. The scheme will remain in force until 31st March 2029.
Objective:
The scheme’s objective is to create new employment opportunities for all sections of society in the state and to ease the establishment of enterprises in the state. The policy envisages supporting the creation of new MSMEs or the expansion/diversification/modernization of existing MSMEs through additional interest subsidies and collateral-free loans.
Scheme Implementation:
This scheme will be implemented through the respective District Industries & Commerce Centers in their districts under the aegis of the Department of Industries & Commerce. Office of the Commissioner, Industries & Commerce will be the nodal agency for the implementation and supervision of the scheme at the state level.
Benefits at a glance
| Scheme name | Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee (SAISOARRACGF) |
|---|---|
| Launched by | Industry Department |
| Launch year | 2024 |
| Benefit type | Cash (money paid to your bank account) |
| Category | Business |
| Level / State | State · Rajasthan |
| Official portal | jankalyanfile.rajasthan.gov.in |
Key facts
| Implementing agency | District Industries & Commerce Centers, Rajasthan |
|---|---|
| Scheme for | Infra |
| Application mode | Offline |
| Last date | 31 Mar 2029 |
| DBT (direct bank transfer) | No |
Who can apply (quick check)
- 👤All genders
- 🎂Age 18 to 45 years
- 📝Offline
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
Additional Interest Subsidy support over and above RIPS 2024 will be provided to eligible projects for establishment of new MSMEs or for expansion/ diversification/ modernization of existing MSMEs as per below:
| Loan Amount for plant and machinery/equipment or apparatus | Interest Subvention as per RIPS 2024 | Additional Interest Subvention under the scheme |
| Up to INR 5 crores | 6% | 2% |
| INR 5 crores-10 crores | 4% | 1% |
| INR 10 crores-50 crores | 3% | 0.5% |
Note 1: The duration of the additional interest subsidy will be the same as prescribed under RIPS’2024 for MSMEs.
Note 2: Enterprises availing collateral free term loan for plant and machinery/ equipment or apparatus (for loan amount below INR 5 Cr. only) from Member Lending Institutions (MLIs) under CGTMSE will be eligible to avail assistance as reimbursement of 100% Annual Guarantee Fees paid to MLIs for the period of seven (7) years.
Who qualifies
Following type of beneficiaries would be eligible for additional interest subsidy as per the scheme:
- Interest subvention subsidy should have been approved for the applicant under RIPS 2024; and
- Beneficiary enterprise should fall under any of the following categories:
- One District One Product (ODOP) enterprises in respective districts.
- Enterprises owned by Scheduled Caste (SC)/Scheduled Tribe (ST) or women entrepreneurs.
- Young entrepreneurs in the state in the age group of 18 to 45 years for starting their new enterprise for a maximum loan amount of up to Rs. 10 crore.
- Establishment of new MSMEs or expansion/ diversification/ modernization of existing MSMEs in Area Category 3 as defined in RIPS 2024.
Papers to keep ready
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Registration walkthrough
Offline
Application Process:
Step 1: The interested applicant downloads the application form (Annexure 1.1) from the official website.
Step 2: In the application form, fill in all the mandatory fields and attach copies of all the mandatory documents (self-attest, if required).
Step 3: Submit the duly filled and signed application form along with the documents to the respective-
- The General Manager, District Industries & Commerce Centre (DICC), for loans up to Rs. 10 crores.
- The Commissioner, Industries & Commerce, for loans above Rs. 10 crores.
Note: The application must be submitted within 6 months of approval of interest subvention under RIPS 2024.
Post-Application Process:
Step 1: Applications are reviewed by the District Level Task Force Committee (DLTFC) for loans up to Rs. 10 crores or the High-Level Task Force Committee (HLTFC) above Rs. 10 crores under the chairmanship of the Commissioner of Industries and Commerce, Government of Rajasthan.
Step 2: After approval, the applicant will claim the subsidy and reimbursement quarterly by submitting a CA Certificate (Annexure 1.2) in the prescribed form to the concerned GM, DICC.
Step 3: GM, DICC disburses the sanctioned amount.
Condonation of Delay:
In case of delayed submission of application, approval committee (DLTFC or HLTFC) would reserve the right to condone the delay up to a maximum of 6 months, provided applicant presents valid reasons for the delay in writing.
Disbursement of the benefits:
- The applicant shall submit the claim to the concerned GM DICC for release of interest subsidy as well as reimbursement of Annual Credit Guarantee fee as per the prescribed CA Certificate.
- Concerned General Manager, District Industries & Commerce Center (DICC) will be authorized to release the Interest Subsidy as per the provisions of the approval of the DLTFC/ HLTFC.
Note:
The applicant's claim submission for interest subsidy and annual credit guarantee fee reimbursement is eligible only following the release of the interest subsidy under RIPS 2024 for that specific quarter.
Important dates
| Launch / start | 04 Dec 2024 |
|---|---|
| Last date | 31 Mar 2029 31 Mar 2029 |
Frequently asked questions
Who can apply under this scheme?
Enterprises approved for interest subvention under RIPS 2024 and meeting category-based eligibility.
What is the maximum additional interest subsidy offered?
Up to 2% additional over RIPS 2024 rates, based on loan size.
Is reimbursement of credit guarantee fee applicable for all loans?
No, only for collateral-free loans up to INR 5 Crores under CGTMSE.
What is the reimbursement duration for guarantee fee?
For a maximum of 7 years.
What is the mode of application?
Offline submission to GM DICC or Commissioner I&C, based on loan size.
What documents are needed to claim subsidy?
CA Certificate, proof of interest paid, guarantee fee receipt, loan sanction, and RIPS approval.
Can enterprises outside Rajasthan apply?
No, the enterprise must be established in Rajasthan.
What if the application is delayed?
Delay of up to 6 months may be condoned by DLTFC/HLTFC with valid reasons.
Is this applicable to both manufacturing and services?
Yes, for enterprises engaged in both sectors.
When can I submit the claim?
After the interest subsidy under RIPS 2024 for the respective quarter has been released.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
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The details on this page are from the official listing and have not been rewritten or reviewed by our team yet. Confirm them on the official portal before applying.
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