Purpose

• Help developing Tourism

• Help in increasing infrastructure development aiding governmental efforts to promote tourism.

• Facilitation of trade.

• Generation of employment

• To tap business potential. 

Eligibility 

 Individual  [Proprietorship] Partnership Firm, Limited Company, Trust. 

Nature of Facility

 Cash Credit [Hypothecation] for Working Capital

Term Loan  

Quantum of Loan

Minimum Rs.2.00 lac

Margin

20%

Repayment

 The term loan would be recovered between 3 & 7 years including appropriate start up period not exceeding 18 months. 

Security

 Primary – Hypothecation of assets acquired by bank finance

Collateral – Tangible collateral security in the form of immovable property, TDRs, NSCs, KVPs, etc. may by obtained atleast equivalent to 50% of the total loan amount.