Jaipur. Important decisions are being taken by the state government with the aim of strengthening the industrial development of the state and smoothly functioning of government departments. In this sequence, RIICO has given approval to provide share capital support of Rs 50 crore to Rajasthan Finance Corporation, which is an important step for the industrial and economic development of the state.
In the revised budget announcement of the state government for the financial year 2024-25, share capital contribution of Rs 50-50 crore was announced by the state government and RIICO for the financial strengthening of Rajasthan Finance Corporation. In accordance with this announcement, after approval by the Board of Directors of RIICO, a share subscription agreement has been executed between RIICO and Rajasthan Finance Corporation, under which the amount is being released in a phased manner. As per the instructions of RIICO management, Rs 10 crore was released as the first installment on 27.01.2026, after which Rs 10 crore was transferred as the second installment on 15 April 2026. Thus far, a total share capital assistance of Rs 20 crore has been released.
In lieu of this share capital contribution provided by RIICO, Rajasthan Finance Corporation will allot equity shares of equivalent value to RIICO.
This equity contribution given by the State Government through RIICO will play an important role in the financial strengthening of Rajasthan Finance Corporation. Rajasthan Finance Corporation will be able to approve loans to Micro, Small and Medium Industries (MSME) which will lead to investment in the state and create new employment opportunities.
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