Rajasthan MSME Policy 2024

Driving Growth and Innovation in Micro, Small, and Medium Enterprises

The Rajasthan MSME Policy 2024 is a forward-looking policy framework aimed at strengthening micro, small, and medium enterprises (MSMEs) in the state. It is designed to promote investment, improve competitiveness, encourage employment generation, and support inclusive economic growth.

The policy generally remains in effect until 31 March 2029 and integrates with the broader Rajasthan Investment Promotion Scheme (RIPS) 2024 to offer unified incentives for MSMEs.

🎯 Key Objectives

  • Create a competitive and sustainable MSME ecosystem in Rajasthan.
  • Simplify access to incentives and support services through one-stop facilitation.
  • Promote investment, job creation, technology adoption, and export growth.
  • Support traditional sectors like handicrafts, food processing, agro, and green industries.

💰 Major Incentives & Benefits

1️⃣ Tax & Investment Incentives

  • SGST Reimbursement: Up to 75% reimbursement of State GST for 10 years from commercial production.
  • Capital Subsidies:
    • Up to ₹1.5 Cr for agro & food processing units (50% of investment).
    • Up to ₹40 Lakh for plastic-alternative manufacturing units (50% of investment).
    • Additional 5% subsidy for enterprises owned by women, SC/ST, or located in tribal/backward areas.

2️⃣ Interest Subvention

Support to reduce borrowing cost for MSMEs:

  • Loans up to ₹5 Cr: 6% base subvention + up to 2% additional.
  • ₹5–10 Cr loans: 4% base + up to 1% additional.
  • ₹10–50 Cr loans: 3% base + up to 0.5% additional.

3️⃣ Regulatory Exemptions & Ease

  • 100% exemption or reimbursement on Stamp Duty, Land Conversion Charges, and Mandi Fees.
  • Simplified processes with reduced inspections for MSMEs, especially new units.

4️⃣ Green & Environmental Support

  • Cost reimbursement up to ₹1 Cr for environmental infrastructure and clean production technology.
  • Subsidies for clean machinery and extended electricity duty waivers.

5️⃣ Skill Development & Technology Upgradation

  • Training cost reimbursements (up to ₹20–40K per employee per month, based on unit size).
  • Technology acquisition support (50% reimbursement, up to ₹5 Lakh).
  • Support for quality & certifications (ISO, BIS, ZED, patents).

6️⃣ Market Access & Export Promotion

  • Reimbursement for trade fair participation and export activities.
  • Reservation of items in state procurement and assistance for export certifications and international promotion initiatives.

7️⃣ Cluster & Infrastructure Development

  • Support for MSME clusters and common facility centers.
  • Incentives for private industrial parks and non-RIICO area industrial setups.

✅ Who Is Eligible?

  • MSMEs registered under the relevant MSME / entrepreneurship registration system.
  • New and existing units in manufacturing and service sectors that meet the policy conditions.
  • Priority given to women entrepreneurs, SC/ST, rural/tribal area enterprises, and innovation-driven startups.

Need Help with Rajasthan MSME Policy Benefits?

AS & Associates provides end-to-end assistance for MSME registration, subsidy claims, and compliance.

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