Rajasthan
Rising Rajasthan Global Investment Summit 2024
- 10 Dec 2024
- 3 min read
Why in News?
Recently, the Prime Minister inaugurated the Rising Rajasthan Global Investment Summit, 2024 and the Rajasthan Global Business Expo at Jaipur Exhibition and Convention Centre (JECC).
Key Points
- Global Investment Summit 2024:
- The Investment Summit theme is "Replete, Responsible, Ready," with discussions on sustainable mining, water security, and women-led startups.
- Over 32 countries and 20 international organizations will join thematic sessions and expos showcasing Rajasthan’s potential.
- Rajasthan's Development Potential:
- Rajasthan holds significant mineral reserves, vast natural resources, and a rich cultural heritage, positioning it as an investment destination.
- Rajasthan benefits from projects like the Delhi-Mumbai Industrial Corridor and Dedicated Freight Corridor, improving industrial logistics.
- With unique attractions like Ranthambore and Jaipur, Rajasthan is a hub for wildlife, heritage, and adventure tourism.
- Role in Renewable Energy and Manufacturing:
- Rajasthan contributes to India’s renewable energy goals with large solar parks supporting the 500 GW capacity target by 2030.
- Under Make in India and Production Linked Incentive (PLI) schemes, Rajasthan is building capacity in automotive, Electric Vehicles, and electronics manufacturing.
- Micro, Small, and Medium Enterprises (MSMEs):
- Rajasthan is among the top 5 states in MSMEs, with over 27 lakh units employing 50 lakh people.
- New MSME policies and credit schemes like the Emergency Credit Linked Guarantee Scheme have doubled credit flow to MSMEs since 2014.
- MSMEs in Rajasthan are playing a pivotal role in enhancing global supply chains.
Emergency Credit Line Guarantee Scheme
- ECLGS was launched in 2020 as part of the Centre’s Aatmanirbhar package in response to the Covid-19 crisis.
- The objective was to support small businesses struggling to meet their operational liabilities due to the imposition of a nationwide lockdown.
- A 100% guarantee is provided by the National Credit Guarantee Trustee Company (NCGTC) to Member Lending Institutions (MLIs) - banks, financial institutions and Non-Banking Financial Companies (NBFCs).
- The credit product for which guarantee would be provided under the Scheme shall be named as 'Guaranteed Emergency Credit Line (GECL)'
