Goa launches trade support scheme, offers 5% interest reimbursement on loans up to 25L

Tourism department of Government of Goa has launched, the Tourist Trade Support (Working Capital Interest Subvention) Scheme 2021, to support the MSME’s in tourism industry which has been adversely affected due to pandemic by subsidizing the working capital loans for 6-month period. Under the said scheme, there is a provision of reimbursement of interest up to maximum of 5% on working capital loans amounting to a maximum of INR 25 Lakhs for 6 months in one single claim wherein the maximum burden on Government per eligible entity shall be Rs.62,500/- and maximum number of beneficiaries covered under the scheme are 800. All registered B, C, D category hotels/accommodation and Travel & Tour Operators are eligible for benefit of the said scheme.