Following Chief Minister Bhajan Lal Sharma’s directive for swift and time-bound action on the proposals and MoUs signed during the Rising Rajasthan Global Investors Summit last month, various government departments have already mobilized efforts.

Chief Minister Sharma has personally taken initiatives to secure funds for enhancing infrastructure and augmenting government resources to meet the needs of prospective entrepreneurs. This week, he convened a meeting with key officials to review progress on MoUs worth over Rs 1,000 crore signed at the summit.

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In a significant step, Sharma oversaw discussions between state officers and representatives of Bank of Baroda and Bank of Maharashtra to finalize loan agreements for infrastructure development projects and welfare schemes. The MoUs signed with these banks will enable additional funds of Rs 30,000 crore annually until 2030.

Under the agreements, Bank of Baroda will provide Rs 20,000 crore annually, while Bank of Maharashtra will contribute Rs 10,000 crore annually over the next six years. These funds will support projects in electricity, renewable energy, road construction, drinking water supply, and other state-funded schemes.

Following this, another meeting was held with secretaries and heads of departments to review progress on implementing investment proposals. Officials from the Finance and Industries Departments, along with RIICO, briefed the Chief Minister on issues related to their respective areas. Sharma urged officials to expedite processes within the framework of relevant norms and deadlines.

In continuation, Chief Secretary Sudhansh Pant chaired a meeting focusing on MoUs involving investments ranging from Rs 100 crore to Rs 1,000 crore. These reviews are part of a three-tier monitoring structure established under CM Sharma’s supervision to ensure smooth implementation of investment proposals.

To streamline the process, a categorization system was introduced to classify MoUs into A, B, and C categories based on investor commitment levels. The highest-priority ‘A’ category investors will receive focused attention for project grounding and implementation, while ‘B’ and ‘C’ categories will also be addressed as per their proposals.

Additionally, the government outlined a timeline for facilitating investor site visits and land allocation. By January 31, 2025, Department Secretaries and District Collectors will assist investors in identifying suitable land parcels under RIICO, Municipal Corporations, or other departments. By March 31, 2025, all identified land will be allocated after processing investment proposals.

Rajasthan State Industrial Development and Investment Corporation Ltd. (RIICO) has approved a Direct Land Allotment Scheme to fast-track affordable land allocation for investors. An online portal has also been developed, enabling investors to apply for land parcels seamlessly using their SSO ID.