Tourism Loan Schemes

Tourism Working Capital Support Scheme

Tourism entrepreneurs/establishments can apply for working capital loan upto Rs. 25 lakh at a rate of interest as per the approved policy of respective banks.

  • Department of Tourism, Government of Kerala will absorb 50 per cent of the interest, subject to a maximum of 4.5 per cent for the first 12 months.
  • The remaining 50 per cent will have to be borne by the borrower concerned.
  • Repayment duration will be 42 months, including six months repayment holiday.
  • The total loan amount under this scheme is limited to Rs. 355 Crore.
  • Resorts and hotels, Ayurveda centres, Tour operators/travel agents, Transport operators, Houseboats, Restaurants, Serviced Villas, Grihasthali Units, Homestays and Tourist motor boat operators that are Licensed/Classified/Approved/Accredited by State/Union Governments are eligible to apply.
  • Applications will be considered on a first-come first-served basis.
Eligibility Criteria

Establishments working in Kerala in travel and tourism sector in the following sectors.

  1. Resorts & Hotels having valid Star classification from the Ministry of Tourism, Government of India/ valid license from the local self Government body (Copy of certificate to be enclosed)
  2. Ayurveda Centres classified by the Department of Tourism, Government of Kerala (Copy of certificate to be enclosed)
  3. Tour Operators/ Travel Agents - Accredited with the Department of Tourism, Government of Kerala / India Tourism with registered office in Kerala (Copy of certificate to be enclosed)
  4. Transport Operators accredited with India Tourism with registered office in Kerala (Copy of certificate to be enclosed)
  5. Tour Operators/ Travel Agents (with registered office in Kerala) who are having valid GST Registration (as tour operator/travel agent) and have filed GST returns for the last two years (Copy of GST returns for the last two years to be enclosed)
  6. House Boats having valid license from the Port Department (Copy of certificate to be enclosed)
  7. Restaurants classified by the Department of Tourism, Government of Kerala (Copy of certificate to be enclosed)
  8. Serviced Villas- Approved by the Department of Tourism (Copy of certificate to be enclosed)
  9. Classified Grihasthali Units (Copy of certificate to be enclosed)
  10. Home Stays-Classified by the Department of Tourism (Copy of certificate to be enclosed)
  11. Tourist Motor Boat Operators having valid license from the Port Department (Copy of license to be enclosed)
Section 1:
Small loans ranging from Rs. 1 lakh to 3 lakhs for Small Hotels, Resorts, Home stays, Serviced Villas, Grihasthali units, Tour Operator, Travel Agents, Tourist Motor Boat Operators etc.

Loan of Rs. 1 lakh each for 1000 units :-

Eligible entities:

  1. Home Stays under Silver Category
  2. Tourist Motor Boat Operators having one motor boat with valid license from Port Department.

Loan of Rs. 2 lakh each for 750 units :-

Eligible entities:

  1. Home Stays under Gold & Diamond Categories
  2. Grihasthali Units
  3. Tourist Motor Boat Operators having two or more motor boats with valid license from Port Department.

Loan of Rs. 3 lakh each for 750 units :-

Eligible entities:

  1. Hotels/Resorts having less than 10 rooms
  2. Serviced Villas
  3. Unclassified Lodges/Tourist Homes
  4. Tour Operators/Travel Agents having turnover of Rs. 20 - 40 lakh/annum

Total: Rs. 47.50 crore for 2500 units

Section 2:
Loans ranging from Rs. 5 lakh to 25 lakh for Hotels, Resorts, Ayurveda Centres, Tour operators, Travel agents, Houseboats, Classified Restaurants etc.

Loan of Rs 5 lakh each for 750 units:-

Eligible entities:

  1. Hotels / Resorts having 10-15 rooms
  2. Ayurveda Centres under Ayur Silver Classification
  3. Tour Operators/Travel Agents having turnover of Rs. 40 -75 lakh/annum
  4. House Boats having 1-2 Bedrooms
  5. Stand alone restaurants classified by Department of Tourism under 1 & 2 Star

Loan of Rs. 10 lakh each for 750 units:-

Eligible entities:

  1. Hotels / Resorts having 16-25 rooms
  2. Hotels classified under 1 & 2 Star
  3. Ayurveda Centres under Ayur Gold Classification
  4. Tour Operators/Travel Agents having turnover of Rs. 75 - 150 lakh/annum
  5. House Boats having 3 Bedrooms
  6. Stand alone restaurants classified by Department of Tourism under 3 & 4 Star

Loan of Rs. 15 lakh each for 400 units:-

Eligible entities:

  1. Hotels / Resorts having 26-35 rooms
  2. Hotels classified under 3 Star
  3. Ayurveda Centres under Ayur Diamond Classification
  4. Tour Operators/Travel Agents having turnover of Rs. 150 - 250 lakh/annum
  5. House Boats having 4 Bedrooms and above.
  6. Stand alone restaurants classified by the Department of Tourism under 5 Star

Loan of Rs. 20 lakh each for 300 units:-

Eligible entities:

  1. Hotels / Resorts having 36-50 rooms
  2. Hotels classified under 4 Star
  3. Tour Operators / Travel Agents having turnover of Rs. 250 - 400 lakh/annum

Loan of Rs. 25 lakh each for 300 units:-

Eligible entities:

  1. Hotels / Resorts having more than 50 rooms
  2. Hotels classified under 5 Star & above
  3. Tour Operators/Travel Agents having turnover of more than Rs. 400 lakh/annum

Total:  Rs. 307.50 crore for 2500 units.

Note:-

  1. A single entity with multiple units in the category of Hotels / Resorts/ Ayurveda Centres will be eligible for a cumulative maximum of Rs. 75 lakh for all the units.
  2. A single entity with multiple units in the category of House Boats will be eligible for a cumulative maximum of Rs. 40 lakh for all the units.

To start with, interested establishments shall register by providing necessary details. After approval of registration by the authority, the establishment will be provided with a confirmation message to their registered email address, and they will be able to log in to the portal for submitting applications to avail the loan facility.

You only have to register once in the system to avail of loans under Tourism Working Capital Scheme and Tourism Employment Support Scheme.

To learn more about the terms and conditions, click here