RIPS 2024 M-Sand SME Listing Support
Department of Industries and Commerce, Government of Rajasthan · Central government
One-time grant covering 50% of SME-platform capital-raising costs, up to INR 5 lakh, for M-Sand units in Rajasthan.
Open, rolling. Applications are accepted continuously — there is no deadline.
Key facts
- Subsidy amount
- Up to ₹5,00,000
- Instrument
- Subsidy
- Deadline
- Rolling
- Disbursement
- Reimbursed after spend
About this scheme
Under the Rajasthan Investment Promotion Scheme 2024, M-Sand units in Rajasthan that raise capital via an SME exchange platform are eligible to recover half of the associated costs, subject to a ceiling of INR 5 lakh.
Going public on an SME platform involves substantial out-of-pocket expenditure — merchant banker fees, exchange and depository charges, along with legal and audit work. Such costs frequently discourage smaller manufacturers from tapping public capital altogether. This one-time reimbursement removes half of that burden.
The provision forms part of the dedicated M-Sand package under RIPS 2024. Claims are filed through Rajasthan's single-window investment portal once the fund-raise has been completed.
Who can apply
- Eligible business forms
- Not specified
- Udyam registration
- Not specified
- MSME registration
- Not specified
- DPIIT startup recognition
- Not specified
- GST registration
- Not specified
- Where the business may be based
- Rajasthan
- The unit must be a manufactured sand (M-Sand) unit located in Rajasthan. - Capital must be raised through an SME platform. - The assistance is one-time only. - Assistance covers 50% of the investment made in the fund-raising process, subject to a maximum of INR 5 lakh. - The claim must be made under the Rajasthan Investment Promotion Scheme 2024.
How to apply
1. Complete the capital raise on a recognised SME platform. 2. File an application under the Rajasthan Investment Promotion Scheme 2024 through the state single-window portal (rajnivesh.rajasthan.gov.in). 3. Provide a line-by-line breakdown of the fund-raising expenditure, backed by invoices and receipts. 4. Claim the one-time reimbursement, which covers 50% of the cost, subject to a ceiling of INR 5 lakh.
Frequently asked questions
How much is the assistance?
The scheme covers half of the expenditure incurred while raising funds, subject to a ceiling of INR 5 lakh.
Can I claim it more than once?
No, the assistance is provided as a one-time financial payment.
Which fund-raises qualify?
Capital raised through an SME platform.
When do I claim?
Once the funds have been raised, submit the cost documentation through the RIPS 2024 process on the state single-window portal.
Sectors
- Manufacturing Industrial
- Rajasthan
- Msand
- Sme Platform
- Listing Support
- Rips2024
Details last verified on 18 September 2026. Source: the issuer's published information.