Tourism Opportunities of Karnataka

Overview of Interest Subsidy Subsidy Details Apply online at tourism policy.karnataka.gov.in Karnataka One state. Many worlds. New Tourism Projects and Expansion Tourism Projects shall be eligible to get interest subsidy at 5% per annum on the term loan taken on the fixed capital investment for the Tourism Project, subject to a maximum of INR 25 Lakh for a period of five years. The interest subsidy shall not exceed INR 7.5 Lakh per annum for the Tourism Project and shall be provided only for timely repayment of loan instalment along with interest. For example, if the loan amount taken for the tourism project is INR 10 lakhs @ Interest Rate of 11% per annum, the Department shall subsidize 5% Interest per annum amounting to INR 50,000/- of the total Interest paid of INR 1,10,000/-. Eligible Tourism Projects 1. Agri Tourism Project 2. Cultural Tourism Project i. Cultural Village ii. Museum & Gallery 3. Heritage Tourism Project i. Heritage Hotel ii. Sound & Light Show 4. Safety and Hygiene Tourism Project i. Mobile Toilets at Tourist Destination 9

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