Raj Cabinet approves RIPS-2024; attractive incentives for MSMEs and big investors

Jaipur: Several important decisions including approval of Rajasthan Investment Promotion Scheme-2024 were taken in the cabinet meeting chaired by CM Bhajan Lal Sharma on Sunday. Deputy CM Diya Kumari, while briefing the media about the decisions, said that the government aims to attract maximum investment for Rising Rajasthan Global Investment Summit scheduled for December 9-11. In this context, cabinet approved RIPS-2024, which she stated is most attractive investment promotion scheme in the country in terms of incentives. Diya said new policy lowers minimum investment limit from Rs 50 cr to Rs 25 cr, and sets it at Rs 10 cr for tourism. Existing units will also be incorporated into the new policy.