1. Rajasthan State Industrial Development and Investment Corporation (RIICO) is a premier agency of the Government of Rajasthan that has played an important role in the industrial development of Rajasthan, it was formed in 1980.

2. RIICO is a government-owned company responsible for industrial development of the Government of Rajasthan.

3. RIICO acquires land for industrial areas, develops infrastructure, and provides financial assistance to entrepreneurs.

Transfer paymentOne-way payment of money for which no money, good, or  service is received in exchange. Governments use such payments as means of income  redistribution by giving out money under social welfare  programs such as social security, old age or disability pensions,  student grants, unemployment compensation, etc. Subsidies  paid to exporters, farmers, manufacturers, however, are not  considered transfer payments. Transfer payments are excluded  in computing gross national product.