FM announces support to tourism sector – Rs 10 lakh loan to travel agencies

Finance Minister has announced financial support to more than 11,000 registered tourist guides, travel and tourism stakeholders. Tourism stakeholders to get a loan guarantee of up to Rs 10,00,000 and tourist guides to get loan guarantees of up to Rs 1,00,000. 

The scheme will cover 10,700 regional level tourist guides recognised by the Ministry of Tourism and tourist guides recognised by the state govt. 904 travel and tourism stakeholders will also be covered. 

“The first 5 lakh tourist visas to India will be free of cost, costing the government Rs 100 crore,” quotes Union Finance Minister Nirmala Sithraman 

FM has announced 8 economic relief measures to help tide over the economic slowdown aided by the second wave of covid-19. Under these economic relief measures, the Finance Minister announced Rs 1.1 lakh crore worth of loan guarantees for covid-affected sectors. 


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