RIPS 2024 R&D Green Project Subsidy

Rajasthan Investment Promotion Scheme (RIPS) 2024 provides support for green capital expenditure by knowledge-economy units. A research and development centre, Global Capability Centre (GCC) or test laboratory that carries out green initiatives or creates sustainability-focused innovations is eligible for a 25% subsidy on the cost of setting up environmental projects, subject to a ceiling of INR 1 crore.

Environmental projects, in this context, refer to the plant and systems a unit installs to reduce its own environmental footprint — effluent and waste treatment, emission control, water recycling and comparable installations.

The unit must incur the expenditure first and then claim the subsidy against the documented project cost. The incentive therefore operates as a partial reimbursement of capital expenditure, not as upfront funding. Claims are made under the RIPS 2024 process through Rajasthan's single-window investment portal.

- Enrol the unit on the Rajnivesh single-window portal - Lodge the RIPS 2024 claim under the green initiatives incentive - Furnish the environmental project's technical particulars, invoices and payment proof - Provide documentation confirming the unit's status as an R&D centre, GCC or test lab - Secure the department's sanction prior to disbursal

There is no competitive selection involved. Before the 25% subsidy, capped at INR 1 crore, is sanctioned, the department checks the unit's category, the nature of the environmental project, and the cost claimed.