Rajasthan MSME Policy 2024: Key Features and Initiatives
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📌 1. Policy Overview
- Policy Name: Rajasthan MSME Policy 2024
- Operative Period: Dec 2024 till March 31, 2029
- Supersedes: MSME Policy 2022
🎯 2. Vision & Goals
- Vision: To develop a globally competitive and locally relevant MSME sector in Rajasthan.
- Approach: Combination of fiscal and non-fiscal interventions.
- Goals:
- Promote entrepreneurship
- Enable technology upgrades and cluster development
- Improve market access
- Enhance infrastructure and quality standards
- Boost access to capital and credit
- Drive sustainable industrial practices
📊 3. Sectoral Importance
- MSMEs contribute to:
- 36% of India’s manufacturing output
- 45% of exports
- Rajasthan has strong MSME presence in:
- Gems & Jewellery, Handicrafts, Food Processing, Auto Components, Textiles, Leather, Stones
🧱 4. Major Schemes & Initiatives
✅ A. Ongoing Schemes
1. Rajasthan Investment Promotion Scheme (RIPS) 2024
- Focus: Manufacturing & service-based MSMEs
- Key Incentives:
- 75% State Tax reimbursement (10 years)
- Capital Subsidy (plastic alternatives: ₹40 lakh, Agro: ₹1.5 crore)
- Interest Subvention
- Stamp Duty & Electricity Duty exemptions
- Green Growth Incentives
- Export Promotion support
- Employment Generation subsidies
2. BR Ambedkar Dalit Adivasi Udyam Protsahan Yojna (BRUPY)
- For SC/ST entrepreneurs
- Support:
- 25% margin subsidy (max ₹25 lakh)
- Interest Subsidy: 6%–9% based on loan amount
- 100% CGTMSE fee reimbursement
3. PM Employment Generation Programme (PMEGP)
- Margin money subsidy:
- General: 25% (rural), 15% (urban)
- Special Categories: 35% (rural), 25% (urban)
- Max project cost: ₹50 lakh (manufacturing), ₹20 lakh (services)
✅ B. Ease of Doing Business Initiatives
- MSME Facilitation Act, 2019: 5-year exemption from approvals/inspections
- Single Window Clearance System (SWCS): For 135 services from 16 departments
- One Stop Shop (OSS): At Bureau of Investment Promotion (BIP)
✅ C. Cluster Development
- Support for:
- MSE-CDP (GoI) & State CDP
- CFCs (Common Facility Centers)
- Technology Centre at Bhiwadi
- Focus sectors: Handicrafts, Leather, Stones, Textiles, etc.
✅ D. Infrastructure Development
- RIICO land at 25% of industrial rate for CFCs
- 75% grant for CETPs (max ₹75 crore)
- Land conversion relaxation for MSMEs (up to 1 acre) and food units (up to 10 hectares)
✅ E. Market Development & Linkages
1. Public Procurement Reforms
- 96 reserved items for local MSMEs
- E-Bazaar procurement (up to ₹10 lakh)
- Relaxed bid security & performance requirements
2. Marketing Support
- Financial support for:
- Participation in fairs/exhibitions
- Export promotion
- GI tagging (21 GI-tagged products; 11 more proposed)
- Mission Niryatak Bano (10,000+ IECs issued)
- Rajasthan Export Promotion Council (REPC)
3. eCommerce & Digitization
- Up to ₹50,000 for:
- Business software
- Platform fees
✅ F. Skill Development
- 50% reimbursement on training costs:
- ₹20,000/month (Micro)
- ₹30,000/month (Small)
- ₹40,000/month (Medium)
- Via RSLDC and industry institutions
💸 5. Fiscal Assistance Summary
| Assistance Type | Benefit/Support |
|---|---|
| State Tax Reimbursement | 75% for 10 years |
| Capital Subsidy | Up to ₹1.5 crore |
| Interest Subvention | Up to 2% additional (over RIPS 2024) |
| Loan Guarantee (CGTMSE) | 100% Annual Guarantee Fee for 7 years |
| IPO Support | Up to ₹15 lakh for SME exchange listing |
| Technology Acquisition | 50% reimbursement (max ₹5 lakh) |
| Quality Certifications (ISO, BIS) | 50% cost reimbursement (max ₹3 lakh) |
| Green Practices | ₹1 crore max: 50% project cost, 10% for clean tech |
| Skill Training Reimbursement | Up to ₹40,000/month for 6 months |
| Marketing Participation | Up to ₹1.5 lakh (foreign), ₹1.12 lakh (domestic), ₹37.5k (state fairs) |
| Digitization Support | Up to ₹50,000 for software & platform fees |
⚙️ 6. Non-Fiscal Measures
- Affordable RIICO Land
- Flatted Factory Structures
- New Technology Centers in partnership with GoI
- Digital-first implementation via dedicated portal
- Training & Mentorship programs
- Export training, technical product training, market intelligence
🏛️ 7. Institutional Mechanism
a) State Level Review Committee (SLRC)
- Chaired by: ACS/Secretary, Industries
- Role: Overall monitoring, coordination, guideline amendments
b) High Level Task Force Committee (HLTFC)
- Chaired by: Commissioner, Industries
- Role: Screening proposals > ₹10 crore
c) District Level Task Force Committee (DLTFC)
- Chaired by: District Collector
- Role: Project screening ≤ ₹10 crore
📆 8. Timeline
- Effective from: Dec 2024
- Ends: March 31, 2029
- Periodic Review: SLRC to evaluate and recommend improvements
📝 9. Execution & Governance
- Executed by: Commissioner, Industries & Commerce
- Implementation Portal: To be launched soon for all applications
- Scheme Guidelines: To be released by Department as per need