Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee
in Rajasthan
Last updated:
Key dates and updates (Rajasthan)
Nationwide and Rajasthan-specific milestones. Verify on the official portal before you apply.
| Milestone | Date |
|---|---|
| Scheme launch |
Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee in Rajasthan
Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee is a government scheme available to eligible residents of Rajasthan.
Apply for Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee in Rajasthan
Scheme Overview
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.
Eligibility Criteria
**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 ₹10 crore.
- Establishment of new MSMEs or expansion/ diversification/ modernization of existing MSMEs in Area Category 3 as defined in RIPS 2024.
Benefits
Note 1: The duration of the additional interest subsidy will be the same as prescribed under RIPS’2024 for MSMEs.
Required Documents
| # | Document |
|---|---|
| 1 | Board Resolution/Power of attorney in the name of Authorized Signatory |
| 2 | Udyam Registration Certificate (URC) |
| 3 | Application made under RIPS 2024 along with the Project Report submitted |
| 4 | Loan sanction letter, repayment schedule(s), and disbursal schedule (till date of production) from lending institution/bank(s) |
| 5 | Certification confirming utilization of loan for purchase of plant and machinery/equipment or apparatus |
| 6 | Copy of first bill of sale/supply |
| 7 | Copy of Sanction/Approval Letter/EC issued for Interest Subvention under RIPS 2024 |
| 8 | Relevant certificates/documents confirming adherence to the eligibility criteria |
| 9 | Undertaking/Declaration on non-judicial stamp paper as per Annexure 1.3 |
How to Apply in Rajasthan
Application Process:
Offline Application Process:
Common questions in Rajasthan
Who can apply for Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee in Rajasthan?
Eligible residents of Rajasthan who meet the scheme’s overall criteria can apply for Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee. Refer to the eligibility section above for the complete checklist.
What documents are required for Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee in Rajasthan?
Applicants in Rajasthan typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
What are the important dates for Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee?
Key dates are summarized in the table on this page, from 4 December 2024 through 4 December 2024, based on values DeshSeva currently stores for this item.
Frequently Asked Questions
Enterprises approved for interest subvention under RIPS 2024 and meeting category-based eligibility.