KSIDC loan scheme for Keravan Kerala
The Hindu
Up to ₹5 cr. for buying caravans, setting up parks
To give an impetus to the Tourism Department’s Keravan Kerala, the Kerala State Industrial Development Corporation (KSIDC) has come out with a scheme to provide loans up to ₹5 crore for purchasing tourist caravans and setting up caravan parks.
A statement issued by the Tourism Department said that under the scheme an enterprise was entitled to get a loan of up to ₹1 crore per caravan, or 70% of the cost, for buying up to five vehicles. The loan amount ranges from ₹50 lakh to ₹1 crore per vehicle. Existing resorts/resort groups (firms, LLP and Limited Companies), fleet owners, tour operators and returnee migrants are eligible.
The caravan tourism policy, announced by the State Government in September, has generated a tremendous response from the industry. It has received a good number of applications for operating tourist caravans and setting up caravan parks since the online registration process began last month.
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