15th September, 2003
Ministry of Tourism & Culture  


JAGMOHAN ANNOUNCES SPECIAL TOURISM PACKAGE FOR J & K


Minister for Tourism and Culture, Shri Jagmohan has announced a special package for Creation of employment through the revival of tourism in Jammu and Kashmir. Giving the highlights of the package here today, Shri Jagmohan said that the Prime Minister during his visit to Srinagar on 19th April, 2003 had announced that a comprehensive plan would be prepared to create at least one lakh employment and self employment opportunities in the State in the next two years. With this objective in view the Ministry of Tourism and Culture, Government of India has notified a special package for revival of tourism in Jammu and Kashmir. This package consists of the following components:

Package for Houseboat Owners

Soft loans will be provided to them by the banks on interest @ 4%. The subsidy (difference between Prime Lending Rate and 4%) will be provided by the Department of Tourism. Maximum loan amount eligible for interest subsidy will range between Rs.1 lakhs and Rs. 3 lakhs depending on the category. Houseboats in the categories of Deluxe, A-Class, B-Class, C-Class and D-Class registered with the Tourism Department of J&K Government prior to 1.1.2003 would be eligible for benefits under this scheme. There are 1089 registered houseboats in the Valley.

Package for Hotels and Guest Houses

Soft loans will be provided to Hotels and Guest House owners by the banks on loans @4% interest. The subsidy (difference between Prime Lending Rates and 4%) will be provided by the Deptt. of Tourism. This benefit would be available at the rate of Rs.50,000/- (loan amount) per room for upto 50% of the capacity of the hotels/guest houses. All registered hotels/guest houses in the categories of A, B, C and D as per State Govt. certification norms except 5 Star Hotels would be eligible. There are 426 hotels with 15,000 beds in the Kashmir Valley.

Package for Shikara Owners

All registered Shikara owners as on 1.1.2003 would be eligible for capital grant of Rs.20,000 for repairs and upgradation of their Shikaras. There are 2,500 such Shikaras in the Valley. The amount of capital grant will be provided by the Deptt. of Tourism, Government of India.

Package for Pony Walas

Capital grant of 25% subject to a sealing of Rs.10,000 would be provided to registered Pony Walas as on 1.1.2003 in the Kashmir Valley. Besides, soft loan upto Rs.30,000 would also be provided by participating banks to such Pony Walas on interest rate of 4%. The subsidy (difference between Prime Lending Rate and 4%) by the Department of Tourism, Government of India. There are 5,276 such Pony Walas in Kashmir Valley.

Shri Jagmohan said that a number of tourism related projects to promote tourism in Jammu and Kashmir have also been sancitoned. These include restoration/conservation/development of Kheer Bhawani, Baba Reshi Sahib Complex, Amarnath Ji Yatra, Patnitop-Pahalgam-Srinagar-Gulmarg,Aish Muqqam complex, Nishat Bagh; drainage scheme in Katra Town and Mattan.

 

 
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