Funds for Tourism Projects

funds-for-tourism-projects-indian-bureaucracy
funds-for-tourism-projects-indian-bureaucracy

With a view to harnessing the tourism potential of the country, the Ministry of Tourism under its schemes for infrastructure development provides Central Financial Assistance to State Governments/Union Territory (UT) Administrations for tourism projects. The projects under the scheme are identified for development in consultation with the States/UTs and are sanctioned subject to availability of funds, submission of suitable detailed project reports, adherence to scheme guidelines and utilization of funds released earlier.

Further, with the objective of attracting private sector investment in the Tourism sector, the Ministry of Tourism has organized the Incredible India Tourism Investors’ Summit in New Delhi from the 21st to 23rd September 2016. Investible projects from the States and UTs, amounting to approximately 50,000 crores were posed to potential investors and a total of 86 MoUs were signed by the State Governments of Chhattisgarh, Gujarat, Karnataka, Rajasthan and Uttarakhand.

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