Chief Minister Small Industries Promotion Scheme

The Chief Minister Small Industries Promotion Scheme (CM-SIPS) was launched by the Government of Rajasthan. It is administered by the Directorate of Industries / Industries & Commerce Department of Rajasthan. The scheme’s purpose is to promote the establishment of new small-scale units or expansion of existing ones in the state by providing subsidised loans and interest support. Your business can benefit by accessing a loan under this scheme with interest subsidy, helping you set up or expand an industrial enterprise in Rajasthan.

Key Features
Financial Assistance
Eligibility Criteria
Documents Required
Application Process for the Scheme

Key Features

Loan Amount Range (₹25 lakh – ₹10 crore): This wide range ensures flexibility, micro and small entrepreneurs can access smaller loans, while medium-scale industrial units can obtain higher limits to modernise or diversify.
Interest Subsidy (5 % – 8 %): The scheme provides graded interest subsidies, 8 % for loans up to ₹25 lakh, 6 % up to ₹5 crore, and 5 % up to ₹10 crore. This makes borrowing cheaper, helping enterprises manage interest burden effectively.
Eligible Applicants: The scheme welcomes not just individuals but also formal entities like partnerships, companies, and SHGs, promoting inclusive entrepreneurship and collective enterprises.
Eligible Purposes: Both start-ups and existing enterprises can apply, making the scheme suitable for business expansion, product diversification, and upgrading production facilities.
Application Mode : The digital SSO portal ensures quick submission, transparent processing, and better tracking for applicants across all districts.
Age & Residency Requirement: Ensures that genuine local entrepreneurs of Rajasthan benefit from this initiative, fostering regional economic development.
Implementation & Monitoring: The Industries & Commerce Department ensures proper screening, verification, and timely sanction of loans through partner banks, enhancing accountability and delivery efficiency.

Financial Assistance

Component	Assistance Provided	Detailed Explanation & Example
Loan amount	From ₹25 lakh up to ₹10 crore	Example: If you plan to establish a manufacturing unit costing ₹8 crore, you could apply for a loan up to that amount under this scheme.
Interest subsidy	8 % subsidy for loans up to ₹25 lakh; 6 % for up to ₹5 crore; 5 % for up to ₹10 crore	Example: If your loan sanctioned is ₹1 crore and the bank interest is 12 %, you may get 6 % subsidy, effectively paying only 6 % interest.
Purpose	New unit / Expansion of existing unit in Rajasthan	Example: If you have an existing enterprise and want to diversify or expand your plant capacity to ₹6 crore, you can apply under the expansion category.

Eligibility Criteria

Who Can Apply:

Entrepreneurs or small industrial units registered in Rajasthan under MSME or Udyam norms.
Individuals, partnerships, LLPs, private limited or cooperative industrial enterprises engaged in manufacturing or service activities.
Units planning expansion, modernization, or diversification of existing operations.
Must not be a loan defaulter and should have a viable project plan approved by a financial institution.

Who Cannot Apply:

Units engaged purely in trading or speculative activities.
Defaulters of banks, RIICO, or other financial institutions.
Enterprises without requisite clearances (e.g., pollution, electricity, land ownership).
Non-industrial activities outside the approved sectors under the scheme.

Documents Required

Duly filled application form.
Aadhaar/SSO ID and business registration documents.
Udyam Registration Certificate .
Detailed project report with cost estimate.
Partnership deed or Memorandum & Articles of Association .
Address proof and ID proof of promoters.
Bank account statement and financial records .
No-dues certificate from bank or financial institution.
Proof of land/lease agreement for industrial use.
Pollution clearance certificate .

Application Process for the Scheme

Option 1: Apply with Bullit

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Option 2: Apply Online via Rajasthan Single Window Portal

Visit industries.rajasthan.gov.in or sso.rajasthan.gov.in.
Log in using SSO ID and select the Chief Minister Small Industries Promotion Scheme option.
Fill in the online application form, providing project details and uploading required documents.
Submit application to the District Industries Centre for verification.
Once approved, financial institutions process and sanction the loan with interest subsidy.

Option 3: Apply Offline through DIC or RIICO Office

Visit the nearest District Industries Centre or RIICO office.
Collect and fill out the prescribed application form.
Attach project report, registration proof, and required certificates.
Submit application for screening and recommendation to the nodal bank.
Receive loan sanction and claim subsidy as per scheme guidelines

Power Combos with The Scheme