| Eligibility |
Tourist operators / hoteliers or other service units. |
| Purpose |
Setting up and expansion of hotels / tourist resorts / service centers. |
| Quantum of Loan |
60 – 75% of project cost. |
| Rate of Interest |
a) Term Loan: 10% per annum.b) Working Capital: 12.75% per annum. |
| Repayment Period |
5 – 10 years. |
| Security |
Mortgage of immovable and movable properties. |
| Documents Required |
- Copy of Industrial License.
- Government’s approval for project establishment.
- Detailed Project Report with brief description of the product(s), location of the project, market study, raw materials, probable buyers and economic benefit to the country etc supported by financial projections.
- Estimates for Civil Works/Quotations for machinery & miscellaneous fixed Assets.
- Audited financial statements for the last 3 years (in case of existing companies).
- Ownership Certificate of the land / lease agreement etc.
- Technical Collaboration Agreement/Technical Know-How Agreement.
- Letter assuring release of foreign exchange from Ministry of Trade and Industry in cases involving import of machinery/raw material.
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