Hotel Scheme
| Objective | The corporation considers financial assistance for setting up hotels/motels/restaurants in order to promote tourism and creation of employment. |
| Eligibility |
a. Proprietary / Partnership / corporate bodies are eligible. Assistance to star and non star category is considered |
| Mode of Assistance | The corporation considers assistance in the form of term loan and for existing hotels for purchase of machinery. |
| Purpose | Financial assistance is considered not only for new hotels but also for expansion and renovations of existing hotels. TL is granted for the purpose of fixed assets like construction of building, purchase of equipments etc. |
| Project Cost | Should not exceed Rs.12.00 crore |
| Debt Equity Ratio |
3 : 1 for loans upto Rs.10 lakh 2 : 1 for loans above Rs.10 lakh |
| Promoter’s Contribution | As per norms |
| Repayment Period | Maximum of 9 years including holiday period of 2 years. |
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