Sikhligar’s Community Development Scheme 2026
Under Rajasthan's MSME Policy 2024, this scheme provides extra interest subsidies and reimburses credit guarantee fees to Read More... help new MSMEs start and existing ones grow, making it easier and cheaper to get loans. Read less
Details
The Government of Rajasthan, through its Department of Industries and Commerce, has rolled out a new initiative under the Rajasthan MSME Policy 2024. This scheme is designed to give a boost to micro, small, and medium enterprises (MSMEs) in the state.
What Is This Scheme?
This scheme is all about supporting businesses. It offers extra help on the interest you pay for loans, on top of what the RIPS 2024 policy already provides. It also helps cover the annual fee you pay for credit guarantee. This dual support aims to make it easier for businesses to get the funds they need and reduce their financial burden.
Who Can Benefit From This Scheme?
The scheme is for eligible projects looking to set up brand new MSMEs or expand, diversify, or modernise existing ones within Rajasthan. It targets specific categories of entrepreneurs, including those focusing on 'One District One Product', SC/ST or women entrepreneurs, young business owners, and businesses setting up in certain designated areas.
Why This Scheme Is Important
The main goal is to create more job opportunities for everyone in Rajasthan and make it simpler for entrepreneurs to establish and grow their businesses. By reducing the cost of borrowing through interest subsidies and by making loans more accessible via guarantee fee reimbursement, the scheme encourages investment and economic growth within the state.
Objective
Benefits
Sources and references
Eligibility Criteria
To be eligible for the additional interest subsidy under this scheme, your enterprise must:
- Have already been approved for interest subvention under the RIPS 2024 scheme.
- Belong to one of the following categories:
- Enterprises identified under the 'One District One Product' (ODOP) initiative in their respective districts.
- Enterprises owned by individuals from Scheduled Caste (SC) or Scheduled Tribe (ST) communities, or by women entrepreneurs.
- Young entrepreneurs (aged 18 to 45 years) starting a new enterprise, with a maximum loan amount of up to ₹10 crore.
- MSMEs that are being newly established, or existing ones undergoing expansion, diversification, or modernisation in areas designated as 'Area Category 3' as per RIPS 2024.
How To Apply
The application process and submission details depend on your loan size:
- For loan amounts up to INR 5 Crores: Applications should be submitted to the General Manager, District Industries & Commerce Centre (DICC) in your district.
- For loan amounts above INR 5 Crores: Applications should be submitted to the Commissioner, Industries & Commerce Department.
- The scheme will be implemented by the respective District Industries & Commerce Centers, under the guidance of the Department of Industries & Commerce. The Commissioner, Industries & Commerce acts as the nodal agency for the state-level implementation and oversight.
Note: Specific details on submission of claims are outlined in the scheme guidelines. The scheme is in effect until 31st March 2029.
Documents Required
To claim benefits under this scheme, you will generally need the following documents:
- Board Resolution or Power of Attorney authorising the signatory.
- Your Udyam Registration Certificate (URC).
- A copy of the application submitted under RIPS 2024, along with the Project Report.
- Loan sanction letter, repayment schedules, and disbursal statements from your lending institution.
- Certification confirming that the loan amount was used for purchasing plant and machinery, or equipment.
- A copy of the first bill of sale or supply for the purchased items.
- The Sanction/Approval Letter or EC issued for Interest Subvention under RIPS 2024.
- Relevant certificates or documents proving you meet the eligibility criteria for this scheme.
- An undertaking or declaration on a non-judicial stamp paper, as specified in Annexure 1.3 (available in the official guidelines).
FAQ’s
What's the main goal of this scheme?
The main aim is to create more jobs and make it easier for people to start and grow businesses in Rajasthan. It does this by providing extra interest subsidies on loans and by helping to cover the fees for credit guarantees, lowering the cost and improving access to finance for MSMEs.
Can any business apply for this interest subsidy?
No, not just any business. You must first have your interest subvention approved under the RIPS 2024 scheme. Then, you need to meet specific category-based eligibility, like being an ODOP enterprise, an SC/ST or women-led business, a young entrepreneur, or setting up in a designated Area Category 3.
How long will I receive the reimbursement for the credit guarantee fee?
If you are eligible for the reimbursement of annual credit guarantee fees, it will be provided for a maximum period of seven (7) years.
Is the reimbursement for credit guarantee fees for all types of loans?
No, this reimbursement is specifically for collateral-free term loans taken for plant and machinery or equipment. It applies only to loan amounts up to INR 5 Crores and under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme.
What is the maximum additional interest subsidy I can get?
The additional interest subsidy you can get over and above RIPS 2024 rates depends on your loan amount. It can be up to 2% for loans up to INR 5 crores, down to 0.5% for loans between INR 10 crores and INR 50 crores.
What if my loan is for INR 6 crores? What additional subsidy do I get?
For loan amounts between INR 5 crores and INR 10 crores, you are eligible for an additional interest subsidy of 1% over and above the rates provided under RIPS 2024.
Where do I submit my application for the scheme?
If your loan amount is up to INR 5 crores, you submit your application to the General Manager of the District Industries & Commerce Centre (DICC) in your district. For loans over INR 5 crores, you send it to the Commissioner, Industries & Commerce Department.
What documents are essential to claim the subsidy and reimbursement?
You'll need important papers like your RIPS 2024 approval, the loan sanction letter, proof of loan utilization for machinery, your Udyam Registration Certificate, and a CA certificate confirming interest paid. The exact list is available in the scheme guidelines.
Can businesses in other states benefit from this Rajasthan scheme?
No, this scheme is exclusively for enterprises established or looking to establish within the state of Rajasthan. It's part of the Rajasthan MSME Policy 2024.
What happens if I submit my claim a little late?
If your claim submission is delayed, it can be condoned by the District Level Technology & Monitoring Committee (DLTFC) or the High Level Technology & Monitoring Committee (HLTFC) for up to 6 months, provided you have valid reasons for the delay.
Does this scheme apply to both manufacturing and service sector MSMEs?
Yes, the scheme is applicable to enterprises engaged in both manufacturing and service sectors, provided they meet all other eligibility requirements.
When is the right time to submit a claim for the interest subsidy?
You can submit your claim after the interest subsidy under RIPS 2024 for the respective quarter has been released by the government.
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