Tag Archives: TFCI

Anirban Chakraborty, MD & CEO, Tourism Finance Corp India (TFCI) has praised the Reserve Bank of India (RBI) Policy, saying that instead of tinkering with Reverse Repo Rate, RBI has continued its accommodative stance. “The decision of status-quo shall provide relief to the economy, especially affected sectors like hospitality, retail, real estate, auto, etc., for some more time. Further, allocation of Rs. 2,400 crore to the Ministry of Tourism in the Union Budget this year (18.42% higher than the previous year), coupled with low interest rate regime, shall greatly benefit the hospitality sector. 

Tourism Minister G Kishan Reddy has said that 31 MSME units were sanctioned Rs234.7 crore during 2021 by way of sanctioned Emergency Credit Line Guarantee Scheme (ECLGS) to MSME by Tourism Finance Corporation India (TFCI) under Atmanirbhar Bharat package announced on May 13 this year. Apart from that, loan of Rs1541.65 crore was also sanctioned to 47 borrowers by TFCI during 2018-19 to 2019-20, he said.

Tourism Finance Corporation of India (TFCI) has reported a net profit of Rs 24.06 crore for the third quarter ending December 31, 2020 (Q3FY21), revealed Anirban Chakraborty, MD and CEO, TFCI . It was only down by 12 per cent as compared to the same quarter last year. However, the net income for Q3FY21 increased by 6.19 percent to Rs 39.36 crore as compared to the year-ago period. In comparison to Q2FY21, there was a massive 21.38 percent jump in the net income of TFCI.