UP hoteliers hail subsidy from State Government
Updated: Jan 16, 2016 02:23:30pm
New Delhi, Jan 16 (KNN) Uttar Pradesh Government led by Akhilesh Yadav is set to award a cash subsidy of Rs. 10 Crore to investors interested to set up hotels in Uttar Pradesh, and the hotel industry called it a welcome move.
The industry is eagerly waiting for the official notification on the same, said Renu Thapliyal, Secretary General, Hotel and Restaurant Association of Northern India.
The fraternity is overwhelmed as this is likely to provide a big boost to the state's hospitality sector, she added.
Talking about the benefits of the scheme, she said that it will help to increase good accommodation facilities for the customers and employment generation prospects in the state.
Apart from these benefits, incentives including industry status to tourism and hospitality in the proposed UP Tourism Policy 2016 are likely to evolve the state into a most sought after tourist destination, she added.
She said that we are looking forward for the Policy to get passed from the UP cabinet.
We have done several meetings with Government and they responded positively, she added.
UP CM Akhilesh Yadav, for the first time, has planned to confer industry status to tourism sector in the proposed UP Tourism Policy, which is to be sent for approval and is likely to be cleared by state cabinet soon.
As per the proposed policy, state government will give 15 per cent of bank loan amount, with maximum limit of Rs 10 crore, for setting up hotels in the Buddhist Circuit and Bundelkhand region. For setting up hotels elsewhere in the state, the maximum limit of the amount will be Rs 7.50 crore.
“UP has large number of tourist attractions and the number of tourists visiting the state is increasing. The policy will offer guidelines and also incentives to those who promote tourism in the state,” Navneet Sehgal, principal secretary (Tourism) said.
The similar rate of cash incentive of 15 per cent of the total bank loan will also be applicable to entrepreneurs who are setting up entertainment, amusement or theme parks in the state. (KNN Bureau)
The industry is eagerly waiting for the official notification on the same, said Renu Thapliyal, Secretary General, Hotel and Restaurant Association of Northern India.
The fraternity is overwhelmed as this is likely to provide a big boost to the state's hospitality sector, she added.
Talking about the benefits of the scheme, she said that it will help to increase good accommodation facilities for the customers and employment generation prospects in the state.
Apart from these benefits, incentives including industry status to tourism and hospitality in the proposed UP Tourism Policy 2016 are likely to evolve the state into a most sought after tourist destination, she added.
She said that we are looking forward for the Policy to get passed from the UP cabinet.
We have done several meetings with Government and they responded positively, she added.
UP CM Akhilesh Yadav, for the first time, has planned to confer industry status to tourism sector in the proposed UP Tourism Policy, which is to be sent for approval and is likely to be cleared by state cabinet soon.
As per the proposed policy, state government will give 15 per cent of bank loan amount, with maximum limit of Rs 10 crore, for setting up hotels in the Buddhist Circuit and Bundelkhand region. For setting up hotels elsewhere in the state, the maximum limit of the amount will be Rs 7.50 crore.
“UP has large number of tourist attractions and the number of tourists visiting the state is increasing. The policy will offer guidelines and also incentives to those who promote tourism in the state,” Navneet Sehgal, principal secretary (Tourism) said.
The similar rate of cash incentive of 15 per cent of the total bank loan will also be applicable to entrepreneurs who are setting up entertainment, amusement or theme parks in the state. (KNN Bureau)
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