SAISOARRACGF
Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee
6.3/10As 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.
States / UT: Rajasthan
Nodal department: Industry Department
Scheme for: Infra
Scheme profile
DBT (direct benefit transfer): No
Scheme open date: 2024-12-04
Categories: Business & Entrepreneurship
Sub-categories: Setting up / start-up / entrepreneurship, Employee management, Technology upgradation, Micro finance, Credit Linked Subsidy, Machine & skill up-Gradation, Loan
Target beneficiaries: Business Entity, Industries
Tags: Interest Subsidy, Collateral-Free Loans, Annual Guarantee Fees, MSME Policy, MSME, Enterprise
Details
The "Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee" has been introduced under the Rajasthan MSME Policy 2024 by the Department of Industries and Commerce, Government of Rajasthan. Under this scheme, support will be provided to selected projects for establishment of new MSMEs or for expansion/ diversification/ modernization of existing MSMEs through the provisions given in the policy. The scheme will remain in force until 31st March 2029.
Objective:
The scheme’s objective is to create new employment opportunities for all sections of society in the state and to ease the establishment of enterprises in the state. The policy envisages supporting the creation of new MSMEs or the expansion/diversification/modernization of existing MSMEs through additional interest subsidies and collateral-free loans.
Scheme Implementation:
This scheme will be implemented through the respective District Industries & Commerce Centers in their districts under the aegis of the Department of Industries & Commerce. Office of the Commissioner, Industries & Commerce will be the nodal agency for the implementation and supervision of the scheme at the state level.
Benefits
- Additional Interest Subsidy support over and above RIPS 2024 will be provided to eligible projects for establishment of new MSMEs or for expansion/ diversification/ modernization of existing MSMEs as per below: Loan Amount for plant and machinery/equipment or apparatus Interest Subvention as per RIPS 2024 Additional Interest Subvention under the scheme Up to INR 5 crores6%2%INR 5 crores-10 crores4%1%INR 10 crores-50 crores3%0.5% Note 1: The duration of the additional interest subsidy will be the same as prescribed under RIPS’2024 for MSMEs. Note 2: Enterprises availing collateral free term loan for plant and machinery/ equipment or apparatus (for loan amount below INR 5 Cr. only) from Member Lending Institutions (MLIs) under CGTMSE will be eligible to avail assistance as reimbursement of 100% Annual Guarantee Fees paid to MLIs for the period of seven (7) years
Additional Interest Subsidy support over and above RIPS 2024 will be provided to eligible projects for establishment of new MSMEs or for expansion/ diversification/ modernization of existing MSMEs as per below:
Loan Amount for plant and machinery/equipment or apparatusInterest Subvention as per RIPS 2024Additional Interest Subvention under the schemeUp to INR 5 crores6%2%INR 5 crores-10 crores4%1%INR 10 crores-50 crores3%0.5%Note 1: The duration of the additional interest subsidy will be the same as prescribed under RIPS’2024 for MSMEs.
Note 2: Enterprises availing collateral free term loan for plant and machinery/ equipment or apparatus (for loan amount below INR 5 Cr. only) from Member Lending Institutions (MLIs) under CGTMSE will be eligible to avail assistance as reimbursement of 100% Annual Guarantee Fees paid to MLIs for the period of seven (7) years.
Eligibility
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.
How useful is this scheme?
A practical look at this scheme for citizens
AI-generated insights showing how useful, accessible, and practical this scheme may be — combining deterministic scoring rules with a public-policy LLM analyst.
- Accessibility5.0
- Financial impact9.5
- Rural utility6.0
- Awareness4.5
- Simplicity3.0
- Inclusivity8.0
What problem does this scheme solve?
The scheme provides financial support to MSMEs in Rajasthan, facilitating their establishment and growth through interest subsidies and reimbursement of guarantee fees.
Key challenges addressed
- Access to finance for MSMEs
- Reduction of credit costs
Most beneficial for
- New MSMEs
- Women entrepreneurs
- Young entrepreneurs
Likely challenges
- Complex application process
- Limited awareness among potential beneficiaries
Practical insights for citizens
The scheme is practical but may face challenges in reaching the most underserved populations.
Rural challenges
- Limited access to information and resources
- Dependence on local offices for application
Implementation bottlenecks
- Potential delays in application processing
- Need for awareness campaigns
Awareness challenges
- Low awareness among rural entrepreneurs
- Limited outreach efforts
Application analysis
- Application mode
- Offline office
- Documents burden
- Moderate, requires several documents including CA Certificate
- Verification complexity
- Moderate, involves review by committees
- Office dependency
- High, requires submission to local offices
- DBT dependency
- None
- CSC support
- Limited
- Estimated citizen effort
- High, due to multiple steps in the application process
Estimated beneficiary reach
Benefit analysis
- Benefit type
- Cash
- Benefit frequency
- One-time subsidy with quarterly claims
- Benefit practicality
- Practical for eligible MSMEs but requires thorough documentation
- Financial meaningfulness
- Moderate, as it reduces costs but may not cover all financial needs
- Long-term impact
- Positive, as it encourages MSME growth and job creation
Plain-language guidance
This scheme helps businesses in Rajasthan get financial support through interest subsidies and fee reimbursements. It's aimed at new and expanding MSMEs, especially those owned by women and young entrepreneurs.
- Who should apply
- MSMEs in Rajasthan that have been approved for interest subvention under RIPS 2024.
- Who may struggle
- Semi-literate individuals and those unfamiliar with the application process.
- Best application route
- Apply via the District Industries & Commerce Centre (DICC) in your area.
This intelligence section is generated by an AI policy analyst combined with rule-based scoring. Scores and narrative are estimates derived from the publicly available scheme information shown on this page; actual experience may vary by state, district, and department. Always confirm details on the official portal before you apply.
Application Process
Offline
Application Process:
Step 1: The interested applicant downloads the application form (Annexure 1.1) from the official website.
Step 2: In the application form, fill in all the mandatory fields and attach copies of all the mandatory documents (self-attest, if required).
Step 3: Submit the duly filled and signed application form along with the documents to the respective-
The General Manager, District Industries & Commerce Centre (DICC), for loans up to ₹10 crores. - The Commissioner, Industries & Commerce, for loans above ₹10 crores.
Note: The application must be submitted within 6 months of approval of interest subvention under RIPS 2024.
Post-Application Process:
Step 1: Applications are reviewed by the District Level Task Force Committee (DLTFC) for loans up to ₹10 crores or the High-Level Task Force Committee (HLTFC) above ₹10 crores under the chairmanship of the Commissioner of Industries and Commerce, Government of Rajasthan.
Step 2: After approval, the applicant will claim the subsidy and reimbursement quarterly by submitting a CA Certificate (Annexure 1.2) in the prescribed form to the concerned GM, DICC.
Step 3: GM, DICC disburses the sanctioned amount.
Condonation of Delay:
In case of delayed submission of application, approval committee (DLTFC or HLTFC) would reserve the right to condone the delay up to a maximum of 6 months, provided applicant presents valid reasons for the delay in writing.
Disbursement of the benefits:The applicant shall submit the claim to the concerned GM DICC for release of interest subsidy as well as reimbursement of Annual Credit Guarantee fee as per the prescribed CA Certificate.
Concerned General Manager, District Industries & Commerce Center (DICC) will be authorized to release the Interest Subsidy as per the provisions of the approval of the DLTFC/ HLTFC.
Note:
The applicant's claim submission for interest subsidy and annual credit guarantee fee reimbursement is eligible only following the release of the interest subsidy under RIPS 2024 for that specific quarter.
Clarifications
Additional points from the scheme information published on myScheme (not legal advice).
- Who can apply under this scheme?
Enterprises approved for interest subvention under RIPS 2024 and meeting category-based eligibility.
- What is the maximum additional interest subsidy offered?
Up to 2% additional over RIPS 2024 rates, based on loan size.
- Is reimbursement of credit guarantee fee applicable for all loans?
No, only for collateral-free loans up to INR 5 Crores under CGTMSE.
- What is the reimbursement duration for guarantee fee?
For a maximum of 7 years.
- What is the mode of application?
Offline submission to GM DICC or Commissioner I&C, based on loan size.
- What documents are needed to claim subsidy?
CA Certificate, proof of interest paid, guarantee fee receipt, loan sanction, and RIPS approval.
- Can enterprises outside Rajasthan apply?
No, the enterprise must be established in Rajasthan.
- What if the application is delayed?
Delay of up to 6 months may be condoned by DLTFC/HLTFC with valid reasons.
- Is this applicable to both manufacturing and services?
Yes, for enterprises engaged in both sectors.
- When can I submit the claim?
After the interest subsidy under RIPS 2024 for the respective quarter has been released.
Official links
References
- Guidelines (Page No. 3)
- https://jankalyanfile.rajasthan.gov.in//Content/UploadFolder/OrderEntry/ICOM/2025/Guidelines/O_030325_26f50adb-f7b4-4eb5-b94d-1e5e45451a85.pdf
Apply
Apply nowOpens the official application or programme portal in a new tab. If in doubt, confirm details on the ministry site.
Frequently asked questions
- What is the purpose of Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee?
- Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee is a government welfare initiative designed to support Infra, Business Entity, Industries through benefits related to Business & Entrepreneurship, financial assistance, subsidies, social welfare, healthcare, education, or livelihood support.
- Who can apply for Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee?
- Eligibility for Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee may depend on factors such as income category, age, gender, occupation, state of residence, social category, and government-defined beneficiary criteria.
- What benefits are offered under Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee?
- Benefits under Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee may include financial assistance, subsidies, scholarships, insurance support, healthcare benefits, pension support, training assistance, or welfare services depending on the scheme guidelines.
- Which department manages Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee?
- Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee is managed by Industry Department and may be implemented through district offices, online portals, CSC centres, banks, or authorised government agencies.
- Can users apply online for Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee?
- Yes, eligible applicants may be able to apply online for Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee through official government portals, authorised service centres, or digital application systems depending on the implementation process.
- Is Aadhaar mandatory for Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee?
- Many government schemes may require Aadhaar verification, identity proof, or linked bank account details for beneficiary validation and direct benefit transfer processing.
- Where can users apply for Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee?
- Applications for Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee may be submitted through government departments, official scheme portals, CSC centres, district offices, welfare departments, or authorised service centres.
- What documents may be required for Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee?
- Applicants may need Aadhaar card, income certificate, residence proof, bank account details, caste certificate, photographs, educational records, or occupation-related documents depending on scheme eligibility requirements.
- Is Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee available in all states?
- No, Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee is primarily available for eligible residents of Rajasthan and may be implemented through state government departments and local administrative offices.
- Can residents outside Rajasthan apply for Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee?
- Eligibility for Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee is generally limited to residents of Rajasthan unless otherwise specified in the official scheme guidelines.
- Does Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee provide business loan or startup assistance?
- Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee may support entrepreneurs, startups, self-employed individuals, MSMEs, or small businesses through financial assistance, subsidies, credit support, or training initiatives.
- Is collateral required under Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee?
- Collateral requirements may vary depending on the loan amount, implementing agency, financial institution, and government subsidy structure.
- Can CSC centres help users apply for Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee?
- Many government schemes may be accessible through nearby CSC centres, authorised digital service centres, or welfare facilitation offices.
- How can users check the latest updates for Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee?
- Users should verify official notifications, department announcements, application deadlines, and eligibility updates through authorised government portals or implementing agencies.
- Are there deadlines for applying to Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee?
- Some schemes may operate through fixed application windows, annual registration cycles, or department-specific deadlines depending on scheme implementation policies.
- Can beneficiaries track application status for Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee?
- Certain schemes may provide online application tracking, beneficiary verification systems, or status-check facilities through official portals.
- Where can users get help for Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee in Rajasthan?
- Users in Rajasthan may seek assistance through CSC centres, district welfare offices, government departments, agriculture offices, social welfare departments, or authorised facilitation centres.
- Which nearby public services may help with Scheme for Additional Interest Subsidy over and above RIPS 2024 and Reimbursement of Annual Credit Guarantee Fee applications?
- Depending on the scheme, users may require support from Aadhaar centres, CSC centres, banks, hospitals, post offices, or government welfare offices for document verification and application assistance.