Rajasthan brings tourism under thrust sector, offers RIPS-19 benefits

The Rajasthan government has brought the tourism industry under the Rajasthan Investment Promotion Scheme-2019 extending the benefits offered under the scheme. Tourism projects having an investment of Rs  5 crore or above will be granted benefits like capital subsidy equivalent to 20% of the investment made, subject to maximum Rs 25 lakh or 5% interest subsidy on term loan taken by enterprise from financial institutions for a period of 5 years subject to Rs 25 lakh annually.