IndiaRevolving Fund for Tourism; Government launches interest free, collateral loan scheme

Revolving Fund for Tourism; Government launches interest free, collateral loan scheme


  • Revolving Fund for the Tourism Sector
  • Interest Free, Mortgage Loan Scheme
  • Minister Mohammad Riyaz with the announcement

Thiruvananthapuram: Minister Mohammad Riyaz said that the revolving fund scheme will be implemented for the tourism sector which is facing crisis due to the expansion of Covid. The minister informed the assembly that the scheme would provide interest free and collateral free loans to those working in the tourism sector.

Tourist Taxi Drivers, Tourist Bus Drivers, Shikari – Houseboat Employees, Hotel – Restaurant Employees, Restaurants, Ayurvedic Centers, Homestays, Serviced Villas, Amusement Parks, Green Parks, Entrepreneurs The Revolving Fund scheme is implemented for artists, artisans and martial artists.

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The church has also decided to renew ayurvedic centers, restaurants, home stays, service villas, homesteads, amusement parks, adventure tourism, greenhouses and tour operator accreditation granted by the Department of Tourism until December 31, 2021.

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The Department of Tourism is also working to make the tourism sector adequate to survive Covid. As part of this, a meeting of various organizations in the tourism sector was held earlier. The online meeting was attended by representatives of more than 20 organizations working in the field of tourism in the state.

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