RAS question
The Rajasthan Investment Promotion Scheme (RIPS) is designed to:
Correct answer: (B) Attract industrial investment through incentives.
The Rajasthan Investment Promotion Scheme is designed to attract industrial investment to Rajasthan through fiscal incentives such as subsidies, tax exemptions and sector-specific support.
Explanation
RIPS is an investment-promotion scheme, not a public-works, education or farm-export programme. It offers fiscal incentives such as investment subsidy, interest subsidy and tax exemptions to attract new industrial investments to Rajasthan. RajNivesh, Government of Rajasthan describes RIPS 2024 as a scheme meant to attract domestic and international investment to Rajasthan by reducing the cost of doing business, improving the state's competitiveness as an investment destination, and offering subsidies, sector-specific incentives and exemptions from key state levies. That is why option B captures the purpose of the scheme: incentives are the policy instrument, and industrial investment is the target outcome.
Why the other options are wrong
- (A) Building state highways is a transport-infrastructure function, while RIPS is framed around investment promotion through subsidies, incentives and levy exemptions.
- (C) Student scholarships would target education support, but RIPS targets investors and industrial projects through fiscal incentives.
- (D) Promoting agricultural exports is not the scheme's stated focus; RajNivesh links it to industrial investment, business costs and investment competitiveness.
Concept
This tests Rajasthan economy policy instruments, especially how the state uses incentive schemes to attract private industrial investment. It recurs in RAS because RIPS connects industrial policy, fiscal incentives and Rajasthan's investment climate.