ENA State 2024-09-30 13:42:09 <p><span style="font-size:14px"><strong>Jaipur, Sep 30 (KNN)</strong> The Rajasthan Cabinet has approved a wide-ranging Rajasthan Investment Promotion scheme, aimed at boosting economic growth and attracting diverse investments across multiple sectors.</span></p> <p><span style="font-size:14px">Deputy Chief Minister Diya Kumari announced key features of the new policy, including significant reductions in investment thresholds for incentives.</span></p> <p><span style="font-size:14px">The minimum investment required for the Standard Services Package has been lowered from Rs 50 crore to Rs 25 crore, with a further reduction to Rs 10 crore for tourism projects.</span></p> <p><span style="font-size:14px">The scheme now encompasses sectors such as aerospace, defense, drones, semiconductors, agri-tech, and waste recycling.</span></p> <p><span style="font-size:14px">In a move to support smaller enterprises, MSME units with fixed capital investments below Rs 1 crore have been brought under the scheme's purview. Additionally, existing businesses venturing into exports for the first time will be eligible for benefits.</span></p> <p><span style="font-size:14px">The policy introduces flexible land payment options for manufacturing units, allowing investors to pay 25 per cent of land costs upfront, with the remainder payable in 10 instalments at 8 per cent interest.</span></p> <p><span style="font-size:14px">Energy-intensive industries will receive power cost incentives, while the MSME sector will benefit from extended interest exemption periods.</span></p> <p><span style="font-size:14px">Special provisions have been made to encourage women entrepreneurs, with 100 per cent SGST reimbursement offered to women-run start-ups for two years. Large-scale investments exceeding Rs 3,000 crore will receive five times the standard incentives.</span></p> <p><span style="font-size:14px">These comprehensive measures reflect the Rajasthan government's commitment to industrial growth, renewable energy expansion, and administrative modernisation.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 39447 https://knnindia.co.in/news/newsdetails/state/rajasthan-cabinet-unveils-major-investment-promotion-scheme-targets-multi-sector-growth 2024-09-30 13:42:09 knnindia.co.in