- 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.
- Total Financial Implication is of Rs 100 Crore.
