Kerala Government has set up a revolving fund to provide interest-free loans up to Rs.10,000 to those employed in a wide range of activities in tourism sector without any collateral security, as part of schemes to revive the pandemic-hit industry that provides jobs to thousands across the state.
Those employed in a range of activities that fall under the umbrella of the tourism industry with membership in any of the registered tourism sector organizations are eligible for this financial assistance. Those engaged in units registered under the Responsible Tourism (RT) mission are also entitled to apply for the loan.
Accordingly, assistance will be available to those working for tour operators, travel agencies, tourist taxi operators, houseboats and shikara boat operators, hotels, resorts, restaurants, serviced villas, tourist farms, ayurveda centres, adventure tourism ventures, micro units under RT mission, performing and martial arts troupes and tour guides holding licence of India Tourism or Kerala Tourism.
The beneficiary will have to repay the loan within two years after the one year moratorium period. The scheme will be implemented through the RT Mission. The application has to be submitted online, for which a digital platform will be set up soon.