Rising Rajasthan summit has hit the headlines not only for attracting Rs 35 lakh crore investment commitment but also for facilitating small investors to start their business operations in a redtapism free environment.
Small businesses are the real beneficiaries of Rising Rajasthan summit as big ticket investments can easily get tailor made financial packages and facilitation under Rajasthan Investment Promotion Scheme (RIPS) – 2024.
At the end of first quarter post Rising Rajasthan summit, the state has seen ground breaking of around 1800 business proposals worth Rs 3 lakh crore – almost 10% of the total investment MoUs.
Small Businesses comprise 80% of MoUs implementation
Of these around 1500 proposals which have fructified are from small investors totalling Rs 65,000 crore. The remaining Rs 2.35 lakh crore investment has come from 300 from medium to big ticket investors.
“It's easy for big ticket investors to get facilitation for big ticket investors irrespective of any summit. Rising Rajasthan summit has helped even small investors to realise their dream project in record time. We have removed all hurdles and facilitated even Rs one-crore investors the way we have helped Rs one-lakh investor,” said a senior official of BIP, the nodal agency which is monitoring the progress of MoUs.
He said that BIP has developed an exclusive portal for fast implementation and monitoring of MoUs.
“Not only officials but also investors can monitor the stage wise progress of MoUs in real time. Investors can see the status of their MoUs and applications and may seek necessary intervention of officials for faster implementation,” he said.
Vivek Shukla is a management graduate who has worked in corporate worked for 20 years and is now pursuing his passion — news.
