MoT offers scheme of Assistance for Large Revenue Generating Projects under PPP model

According to a PIB release, in a written reply to the Lok Sabha, Kumari Selja, Union Minister for Tourism recently informed that the Ministry of Tourism (MoT) has a scheme of Assistance for Large Revenue Generating Projects under which Public Private Partnership (PPP) model projects are eligible for assistance. Subsidy can be provided under this scheme up to Rs 50.00 crore subject to a maximum of 25 per cent of total project cost or 50 per cent of equity contribution of the promoters, whichever is lower. Projects like Tourist trains, Cruise vessels, Cruise Terminals, Convention Centres, Golf Courses etc. will qualify for assistance.

A provision of Rs 537.00 crore has been made in B.E. 2009-10 for development of tourism infrastructure under the following schemes of the Ministry:

Product/Infrastructure Development for Destinations and Circuits (Rs 522.00 crore)

Assistance for Large Revenue Generating Projects (Rs 5.00 crore)

 Assistance to Central Agencies for Tourism Infrastructure Development (Rs 10.00 crore)