Tourism sector staff will get interest-free loans

The government of Kerala has set up a revolving fund to provide interest-free loans of up to 10,000 to people employed in a wide range of activities in the tourism sector without any collateral, as part of plans to revive the industry affected by the pandemic which provides jobs to thousands.

The revolving fund will have an initial corpus of 10 crore, Tourism Minister PA Mohamed Riyas said. “This fund comes when the tourism industry is ready for the post-pandemic outbreak. All those who work in this vital sector can avail themselves of the device to relaunch their activities ”, declared the Minister.

Those who are employed in activities related to the tourism industry and who are members of a registered tourism organization will be eligible for the loan. People working in units registered with the Responsible Tourism (RT) mission can also apply for the loan.

Help will be available for those who work for tour operators; travel agency; tourist taxi operators; operators of shikara barges and boats; hotels; resorts; Restaurants; villas with hotel services; tourist farms; ayurvedic centers; adventure tourism businesses; micro units under the Responsible Tourism mission; performing arts and martial arts troupes; and licensed tour guides from India Tourism or Kerala Tourism.

The beneficiary will have to repay the loan within two years of the one-year moratorium period. The program will be implemented through the RT mission. The application must be submitted online, for which a digital platform will soon be set up.

A panel with the director of tourism as chairman and the coordinator of the RT mission as organizer was formed to review requests and sanction loans.


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