The Rajasthan Government has launched several new policies ahead of the Rising Rajasthan Global Investment Summit, scheduled for December 9-11, to attract global investors and promote economic growth.
The Rajasthan MSME Policy 2024 is one of those policies which aims to strengthen the state's micro, small, and medium enterprises (MSMEs) by introducing new financial incentives, infrastructure support, and employment opportunities.
In 2024, the Rajasthan government launched its updated MSME Policy to enhance the growth and competitiveness of the MSME sector. Building on India's national MSME framework, the policy aims to support new ventures and strengthen existing businesses, fostering economic growth in the state and contributing to the broader Indian economy.
The Rajasthan MSME Policy, 2024 aims to make micro, small, and medium enterprises globally competitive. Key incentives include a 2% additional interest subsidy on loans, funding assistance up to ₹15 lakh for SMEs raising capital, and grants covering 50% (up to ₹5 lakh) for adopting advanced technology and software.
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