Kerala Govt sets up Revolving Fund to support tourism sector workers

Scheme offers interest-free loan up to Rs 10,000

Kerala Govt sets up Revolving Fund to support tourism sector workers

Kerala Government has set up a Revolving Fund to provide interest-free loans up to Rs 10,000 to those employed in a wide range of activities in tourism sector without any collateral security, as part of schemes to revive the pandemic-hit industry that provides jobs to thousands across the state.


As per the Government Order issued in this regard, the Revolving Fund has an initial corpus of Rs 10 crore, Tourism Minister Shri P A Mohamed Riyas said.


“This fund comes when the tourism sector is poised for the post-pandemic surge. All those who are working in this vital sector can avail the benefit of this scheme to revive their activities”, the Minister said.


Those who are employed in a range of activities related to tourism industry with membership in any of the registered tourism sector organizations will be eligible for the loan under the scheme. Those engaged in units registered under the Responsible Tourism (RT) mission are also entitled to apply for the loan.


Accordingly, assistance will be available to those working for tour operators, travel agencies, tourist taxi operators, houseboats and shikara boat operators, hotels, resorts, restaurants, serviced villas, tourist farms, ayurveda centres, adventure tourism ventures, micro units under RT mission, performing and martial arts troupes and tour guides holding licence of India Tourism or Kerala Tourism.


In order to get the benefit, the employee should be working in an entity which has approval of State Tourism Department/ Tourism Ministry or membership of Kerala Travel Mart Society or any other recognized tourism-related organisation.