- Construction of new hotel/motel/ midway/restaurant.
- Expansion/renovation of existing projects.
- Converting old forts & palaces into heritage hotels.
- Installation of Plant & equipment, electrification, air conditioning, furniture & fixtures, health club, swimming pool, indoor sport facilities, shopping arcade, garden equipment and other essential amenities.
Any person/organisation/company will be eligible having:
- Clear, valid and mortgage-able land title.
- Building plan approval and NOC from local authority.
- Assistance under the scheme may be availed for purchase of land, construction of building, purchase of plant & machinery, furniture/ fixtures, etc.
- 4.00 crores. Loans of higher amount considered on selective basis on merits.
- Security Margin: 25 %
- Promoter’s Contribution: 30 %
- Interest Rate according to prevailing policy
- Repayment in 8 years in quarterly instalments including moratorium period of 1-2 years.
- Rebate of 2 %.
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