Reviving Tourism:- Under new Loan Guarantee Scheme for COVID Affected Sectors, working capital/personal loans will be provided to people in the tourism sector to discharge liabilities and restart businesses impacted due to Covid-19. The scheme will cover:
10,700 regional level tourist guides recognized by the Ministry of Tourism and tourist guides recognized by the State Governments.
Travel and Tourism Stakeholders (TTS) recognized by the Ministry of Tourism.
Loan will be provided with 100% guarantee, up to the following limits: Rs 10 Lakh for TTS per agency and Rs 1 Lakh for tourists guides licensed at Regional or State Level.
No processing charges, waiver of foreclosure/prepayment charges. No additional collateral requirement.
Scheme to be administered by the Ministry of Tourism through NCGTC.
Free Tourist Visa to 5 Lakh Tourists:-
Once Visa issuance is restarted, the first 5 lakh Tourists Visa will be issued free of charge.
Benefits will be available only once per tourist.
The scheme will be applicable till 31st March 2022, or till 5,00,000 visas are issued, whichever is earlier.