The manner of execution of subsidy programme For the Year 2004 -200


Sl. No. 1
Name of the scheme/Head Incentives to Accommodation Infrastructure
Activity To provide grants for one time Capital Subsidy on loans to 1 to 3 star hotel projects and basic Heritage category hotels other than the four metro cities through the designated Financial Institutions like TFCI/SFCs, SIDBI, Scheduled Banks and HUDCO. Funds will also be utilized for grant of Interest Subsidy in respect of hotel projects sanctioned prior to 01.04.2002 under the old scheme "Interest Subsidy on hotel loans'.
Starting date of the activity 2003-04
Planned end date of the activity 2007
Amount proposed 10.00 Crores
Amount sanctioned 10.00 Crores
Amount released/disbursed(no of installments) 9.99 Crores
Responsible oOfficer of the quality and the complete execution of the work ADG (T)