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Objectives : To cater to the needs of tourism related activities
ELIGIBILITY
| . | End
Use : To meet part cost of arranging for accommodation of the tourists of repute
and for arranging for tickets for travel both abroad and within the country by
sea, air, rail or other surface transport. Purchase of vehicle can be considered
under the existing transport scheme. | | . | Promoters
:
A) Should have been engaged in the tourism related area for
the last four years .
B) Should have experience in arranging travel
plans for foreign tourists.
C) Should have tie up with the tour
operators either in the country or abroad.
D) Should show rising trends
in volume of turnover, operating profit and net profits.
E) Preference shall be given to those who possess the additional Qualifications
in the tourism and travel area and having existing infrastructure.
F) Project costing
upto Rs. 25.00 lakhs |
MAXIMUM
LOAN AMOUNT
| . | For
projects costing upto Rs.10.00 lakhs: Upto Rs.10.00 lakhs or upto 75 per cent
of the estimated requirements whichever is less. | | . | For
projects costing above Rs.10.00 lakhs and upto Rs.25.00 lakhs : Upto Rs.10.00
lakhs or upto two -third of the estimated requirements, whichever is less. |
MINIMUM PROMOTERS CONTRIBUTION
| . | For
projects costing upto Rs.10.00 : 25 per cent of the estimated requirements of
the scheme. | | . | For
projects costing above Rs.10.00 lakhs and upto Rs.25.00 lakhs : One third of the
requirements of the scheme. |
MAXIMUM REPAYMENT PERIOD
.
Upto 61 months including
a maximum gestation period of 3 months for starting the repayment of principal
amounts.
SECURITY
FOR THE LOAN
| . | A
Charge on the existing assets. | | . |
Collateral
cover as per Norms. |
| . | Personal
guarantee of all promoters, shareholders having more then 5% share in the equity
and co-obligations (if any). | All
other standard terms prescribed for sanction by the Corporation would also be
applicable .
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