Rajasthan Govt announces Investment Promotion Scheme 2010

Added efforts for employment generation and a number of concession for new enterprises/projects--particularly those aimed at social good--marked the Rajasthan Investment Promotion Scheme(RIPS)-2010 announced by the Gehlot Government in Rajasthan last night. With a motive to give boost to employment generation the new scheme offered a subsidy of Rs 10,000 per annum for each employee(Rs 12,000 per annum for employee of ST/SC or disabled) to the employer unit/company. Besides, a number of concession/rebates are offered to entrepreneurs who set up enterprises/projects or expand/diversify their existing projects/enterprises for social good, an official spokesman said.
The scheme also offered added benefits women/SC/ST and/or disabled entrepreneurs. Such entrepreneurs would be entitled for additional tax rebates. The scheme also ensured of smooth and simplified procedure for grant and provision of the benefits to investors, the spokesman added.