Rajasthan State Industrial Development and Investment Corporation (RIICO) MSME Loan Scheme
RIICO is a state-government-owned industrial development corporation in Rajasthan, tasked with facilitating industrial infrastructure, land allotment, and financial assistance for projects (large, medium, small) in the state.The “RIICO MSME Loan Scheme” or the term-loan financing support for MSMEs by RIICO aims at helping micro, small and medium enterprises in Rajasthan to establish new units, expand/modernise existing units, in RIICO-industrial areas or approved zones. Your enterprise, if eligible, can benefit by accessing RIICO’s term-loan facility via this scheme, gaining cheaper financing and support from the state’s industrial infrastructure partner.
Key Features
- New/Expansion/Modernisation focus: This means if you are setting up a fresh MSME unit in Rajasthan or want to expand capacity or upgrade technology in an existing unit, you may apply under this scheme.
- Loan up to ₹50 crore: Though this is a high ceiling which may cater to medium scale enterprises, it indicates that significant financing is possible. For a micro or small unit your requirement may be much lower though.
- Interest rate 8.5-11.5%: Compared to typical commercial term-loan rates, this range suggests a somewhat concessional/structured rate for MSMEs via RIICO.
- Tenure 7-10 years: This gives longer repayment capacity, making project viability easier for enterprises.
- Location in RIICO industrial area / approved zone: Being in a designated infrastructure zone assists with land, utilities, approvals; coupling with loan scheme gives integrated support.
- Part of state MSME ecosystem: The scheme contributes to the broader framework under state MSME policy for support in access to finance, technology upgradation and infrastructure, making the scheme relevant for MSMEs.
Financial Assistance
Eligibility Criteria
Who can apply:
- Entrepreneurs or existing MSME units registered in Rajasthan.
- Units engaged in manufacturing, processing, or service-based industrial activities approved under RIICO norms.
- Projects located within RIICO industrial areas or recognized industrial zones.
- Applicant must have a clear financial record.
Who cannot apply:
- Units in trading, speculative, or purely commercial (non-industrial) activities.
- Defaulters of banks or financial institutions.
- Units not meeting MSME classification criteria .
- Units with pending statutory or environmental clearances.
Documents Required
- Duly filled application form.
- Business plan / project report.
- Udyam Registration Certificate .
- Company registration documents (Partnership Deed, MOA/AOA, etc.).
- Copy of land allotment / lease deed .
- KYC of promoters (Aadhaar, PAN, address proof).
- Audited financial statements .
- Projected balance sheet and cash flow statement.
- Details of collateral offered .
- Environmental and statutory clearances .
Application Process for the Scheme
Option 1: Apply with Bullit
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Option 2: Apply Directly via RIICO Portal
- Visit riico.co.in → Loan Application section.
- Register your enterprise and select “MSME Loan Scheme.”
- Fill in details such as project cost, purpose of loan, collateral, and repayment plan.
- Upload scanned documents (project report, registration, financials, etc.).
- Submit online application; RIICO officials verify and sanction loan after appraisal.
Option 3: Apply through RIICO District Office
- Visit your nearest RIICO Zonal/District Office with a business proposal.
- Fill application form and submit required documents.
- Discuss project viability with the loan officer.
- After appraisal and sanction, loan is disbursed in tranches as per project milestones.
Power Combos with The Scheme