RIPS 2024 Gold Package ACI Booster

RIPS 2024's Gold Package applies to very large projects. Under the manufacturing, services and sunrise category, an enterprise with investment exceeding INR 1,000 crores and employment generation exceeding 800 may receive a 20% booster on its choice of Asset Creation Incentive.

Two features shape how the package operates. It functions as a booster layered on an existing benefit: the applicant selects the Asset Creation Incentive being claimed under the scheme, and the Gold Package increases it by 20%. The policy also extends the package on a case-by-case basis, making it a negotiated approval for a qualifying mega project rather than an automatic entitlement, with terms settled alongside the state during project approval.

Applications are made through the RIPS 2024 route on Rajasthan's Rajnivesh single-window investment portal.

1. Enter the project details on the Rajnivesh single-window portal. 2. Submit the RIPS 2024 application under the Gold Package, stating the investment and employment commitments. 3. Provide the detailed project report establishing investment exceeding INR 1,000 crores and employment exceeding 800. 4. Specify the Asset Creation Incentive being claimed. 5. Secure sanction for the booster from the competent authority, granted on a case-by-case basis.

The competent authority in the state reviews each application individually. Before it approves the 20% enhancement, it examines the project's investment quantum, the employment commitment made, and the category the project falls under.