Get additional 0.5% to 2% interest subsidy on term loans under Rajasthan Investment Promotion Scheme 2024. Reduce your effective interest rate and save on loan costs. Available for MSMEs and eligible industrial units.
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Lower effective interest rate on term loans, reducing your borrowing costs significantly.
Save thousands of rupees annually on interest payments with 0.5% to 2% additional subsidy.
Subsidy available for 5-7 years, providing sustained financial relief.
Special provisions and higher rates for Micro, Small, and Medium Enterprises.
Higher subsidy rates for units located in backward and underdeveloped areas.
Can be combined with other RIPS 2024 incentives for maximum benefits.
Interest Subsidy is an additional 0.5% to 2% interest subsidy on term loans provided to eligible MSMEs and industrial units under Rajasthan Investment Promotion Scheme 2024. This reduces the effective interest rate on loans.
Eligible entities include MSMEs, new industrial units, expansion projects, and service sector units that meet the investment and employment criteria under RIPS 2024. The subsidy is available on term loans from scheduled banks and financial institutions.
The interest subsidy rate ranges from 0.5% to 2% additional subsidy over and above any existing interest subsidy schemes. The exact rate depends on the sector, location (backward areas get higher rates), investment amount, and employment generation.
Interest subsidy is typically available for the loan tenure or for a specified period (usually 5-7 years) from the date of loan disbursement, subject to compliance with RIPS 2024 terms and conditions.
Required documents include: Loan sanction letter, loan agreement, investment proposal, company registration documents, financial statements, employment details, and other documents as specified in RIPS 2024 guidelines.
Yes, Interest Subsidy can be availed along with other RIPS 2024 incentives like SGST reimbursement, capital subsidy, stamp duty exemption, and electricity duty exemption, subject to overall scheme limits and eligibility criteria.
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