Himachal government announces interest subvention on working capital loan for hospitality sector

To provide relief to the COVID-19 affected the tourism sector, the state government has introduced a scheme for interest subvention on working capital loans for the hospitality sector.

The eligibility criteria as well as the magnitude of financing being provided will be based on the unit’s GST payment history.

If the registered tourism unit has paid an average GST up to Rs 1 crore per year, the unit will be entitled to a working capital loan of Rs 50 lakh.