Tag Archives: subsidy

Highlighting Gujarat and Uttar Pradesh’s initiatives to promote sustainable tourism through the introduction of a 50 per cent subsidy on GSTC certification fees, CB Ramkumar, Vice Chair, GSTC, raised concerns about the practical challenges of these policies, pointing out that despite the announcement, ‘no fiscal allocations had been made to fund the subsidy, which leaves the policy lacking in execution.’

Abhay Kumar Singh, Secretary Tourism, Government of Bihar, said, “We introduced the policy three to four months ago and have finalised the norms. For any investors, we offer a 25 to 30 per cent capital subsidy and GST reimbursement of up to 80 per cent. On a cost of ₹100, we are giving back ₹110. These are the incentives we are providing.”

Government of Andhra Pradesh has issued a Restart Package to support the tourism sector in the state. The approved package of Rs198.50 crore is a loan for hotels, M!CE, function halls, restaurants and service providers by extending interest subsidy at 50% of the interest on the loan for 12 months subject to a maximum of 4.50% of the loan amount for one year.