All registered Tourist Guides (recognized/ approved by M/o Tourism and State Govts/ UT Administrations) and Travel & Tourism stakeholders recognized/ approved by the Ministry of Tourism, Govt. of India. “Travel & Tourism Stakeholder” means Tour operators/ Travel Agents/ Tourist Transport Operators recognized/ approved by the Ministry of Tourism, Govt. of India.
Up to 5 Yrs (Including moratorium(Interest) of max. 12 Months)
In case of borrower who has not having any existing credit facilities with the Bank, charge to be created on the assets proposed to be created from the loan amount. & In case of existing borrower whatever security is available in existing loan shall be extended along with creation of charge over proposed assets from loan amount financed under the scheme. No additional collateral security should be insisted upon.
1.10% over RBLR maximum @ 7.95%
Waived. However other applicable charges such as inspection, documentation and mortgage charges to be recovered as applicable.
NIL. No Charges towards Guarantee from NCGTC will be paid by the borrower.
The Scheme is Valid till 31.03.2022 or till a total amount of Rs. 250 Crores sanctioned under LGSCATSS schemes, whichever is earlier.