Interim Budget | Long Term Interest Free Loans For Iconic Tourist Spots
10 months, 3 weeks ago

Interim Budget | Long Term Interest Free Loans For Iconic Tourist Spots

Deccan Chronicle  

Chennai: Ahead of the elections, the interim budget sought to make political statements by mentioning the development of Lakshadweep as a tourism destination and promotion of spiritual tourism. States will receive long-term interest-free loans for the development of iconic tourist centres. “Tourism, including spiritual tourism, has tremendous opportunities for local entrepreneurship,” the Finance Minister said in her Budget speech made days after the consecration of Ram temple in Ayodhya. “The enhanced focus of the government for promotion of MICE, religious tourism, iconic tourism centres and domestic tourism will lay the foundation of tourism development and equip the sector to achieve the ambitious target of welcoming 100 million tourists by 2047. The sector is delighted to hear about the government’s vision to grant long-term financing to states for developing iconic tourism centres,” said Pradeep Shetty, President of the Federation of Hotel & Restaurant Associations of India

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