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JAIPUR: The state government made a slew of changes in the Rajasthan Industrial Promotion Scheme-2019 to give a fillip to the emerging and potential sectors. While the has enhanced benefits for some already in the thrust sector, new categories of investments added to it.
Earlier, enterprises in automobile sector, making an investment equal to or above Rs 50 crore in electric vehicle manufacturing unit, were eligible to get capital and interest subsidies. But the government has brought down the investment limit to Rs 25 crore.
The solar and wind turbine equipment manufacturing units can now avail 40% additional employment generation subsidy in the form of reimbursement of employers’ contribution, subject to upper limit of 90%, towards employees EPF and ESI for seven years. It was 25% earlier.
Similarly, entrepreneurs making investment for units forproduction of active pharmaceutical ingredients (API) will be granted benefits like 5% interest subsidy on term loans for making an investment in plant and machinery, for a period of five years subject to a maximum of Rs 25 lakh ayear. They will be eligible for capital subsidy equivalent to 20% of investment made in plant and machinery, subject to a cap of Rs 25 lakh.
Sports goods sector has also been added under the thrust sectors and enterprises making an investment Rs 2 crore or more will be grantedbenefits like 5% interest subsidy on term loans and capital subsidy equivalentto 20% of investment made in plant and machinery.
Amusement parks making an investment of Rs 10 crore or abovewere entitled to fiscal benefits but now the cap has been reduced to Rs 5crore.
Investments in gems and jewellery bourse has now come underthrust sector. An enterprise or Special Purpose Vehicle making an investment Rs50 crore will be eligible to fiscal benefits under the thrust sector. Similarly, e-charging and swapping stations developed by an enterprise making an investment in equipment equal to or above Rs 25 lakh will be eligible forthe incentives.
Healthcare sector has also been brought under the thrustsector. Enterprises making investments equal to or above Rs 5 crore will get interest subsidy on term loans and capital subsidy of 20% of investment made in plant andmachinery and equipment.
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