Tag Archives: JBG

Four members of the Travel Agents Association of India (TAAI) Managing Committee met in Mumbai yesterday to review  applications received by the association from its members for the Joint Bank Guarantee (JBG) Scheme. Sunil Kumar, President, TAAI, said, “We have received over 130 applications from members who are keen to join the guarantee.” Among the Office Bearers present were Marzban Antia, TAAI’s Vice President; Lokesh Bettaiah, TAAI’s Secretary General; and Imtiaz Qureshi, TAAI’s MC member who looks after Legal. Bettaiah added, “We are scrutinising each and every application received from 20 regions and chapters across India and the TAAI auditors will come out with a final list by May 20. After that, we will send them to IATA who will conduct their own verifications. We do multi-level checks and follow stringent procedures, which take a lot of time. It’s a huge responsibility on us to pick the right members. We will need to submit these applications to IATA by July 1, 2016. There has been a good response for it this year. TAAI has been successful in managing this scheme earlier as well and lot of members have benefitted from this scheme monetarily as well as for smoother day-to-day business as far as capping issues are concerned. If anyone else is interested to join, they can do so the following year.”

Sunil Kumar, President, TAAI, said, “We will be rolling out circulars inviting our members to join the Joint Bank Guarantee (JBG) scheme by February first week and close the process by March 31, 2016. Those agents who are chosen by the National Committee for the scheme will be able to get on board with IATA effective July 1, 2016. They were anyway paid their insurance or guarantee till June 30, 2016. So, TAAI’s JBG scheme will be in place from July onwards when the new term starts for the new guarantee cover.” He however refused to share any updates on TAAI’s annual convention. This was discussed during TAAI’s Managing Committee meeting held on the sidelines of the IITT exhibition in Mumbai recently.