The Rajasthan government has made swift strides to promote micro, small and medium enterprises (MSME) of the state in international markets by giving subsidy on the ground rent paid for participation in international trade fairs and exhibitions.
The gems & jewellery, handicraft, handloom and mineral-based industries, which are mostly export-oriented, thrive in Rajasthan. To enable these industries to showcase their products in international markets, the government has decided to give a subsidy of 30 per cent on the rent paid for a space of 9 sq. metres.
Any medium or small enterprises registered in the state with a minimum turnover of Rs 5 lakh per annum are eligible for availing the subsidy. But there is a restriction cap, too, allowing one unit to claim subsidy only for three events in a year, subject to a maximum of Rs 2, 25,000 in a financial year. This subsidy, however, is only applicable for the foreign exhibitions/fairs organized by institutions such as Export Promotion Council, Indian Trade Promotion Organization, Export Commodity Board, Federation of Indian Export Organization or any other organization specified in the Foreign Trade Policy of India.
