Rajasthan Boosts Ease of Doing Business: RIICO Offers Cheaper Land & Flexible Payment Plans
ananya
Ananya soch: In a major push to industrial growth, the Rajasthan Government, under the leadership of Chief Minister Bhajanlal Sharma, has announced transformative reforms to strengthen the Ease of Doing Business ecosystem. The initiatives, unveiled on Rajasthan Day, aim to attract investments and simplify industrial setup across the state.
Key Policy Highlights
To support entrepreneurs, RIICO will now offer industrial plots in 30 identified areas at just 60% of the prevailing rates on a 33-year lease. This move significantly reduces the initial investment burden, making Rajasthan more attractive for businesses.
Additionally, under the direct allotment scheme, the payment period for land has been extended from 3 to 5 years, allowing investors to pay in 19 quarterly installments—ensuring better financial flexibility.
Major Reforms at a Glance
| Policy Area | New Provision | Benefit |
|---|---|---|
| Land Cost | 60% of prevailing rate | Lower setup cost |
| Payment Plan | 5 years, 19 installments | Ease of financing |
| Transfer Charges | Reduced to 0.5% | Cost savings |
| Plug & Play Lease | 5% annual rent | Faster operations |
| Infra Investment | ₹400 crore projects | Better facilities |
Infrastructure & Industrial Expansion
RIICO will also provide plug-and-play facilities on lease (20–25 years) at just 5% annual rent. Furthermore, policy reforms now allow term loans for real estate projects, accelerating infrastructure growth and job creation.
RIICO MD Shivangi Swarnkar highlighted that over ₹400 crore will be invested in developing 25+ new industrial areas, along with 12 fire stations and 37 fire tenders to enhance safety and infrastructure.
Growth & Employment Push
These reforms are expected to create a business-friendly environment, boost industrial activity, and generate large-scale employment opportunities, positioning Rajasthan as a top investment destination.
