Hotels and Tourism Related Activities: Rajasthan Government

Objective:

• 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.

Eligibility:

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.

Features:

• 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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