The Minister of Tourism launches an online portal to benefit from interest-free loans from the Revolving Fund

Thiruvananthapuram, November 12 (UNI) Kerala Tourism Minister PA Mohamed Riyas has launched the online portal to submit applications for interest-free loans up to Rs 10,000 from the revolving fund set up by the government of State for employees of tourism affected by the pandemic. sector.

Noting that tourism has been seriously affected by the phased pandemic, Mr. Riyas said on the occasion that Kerala was the only state in the country to offer a loan program to give a helping hand to employees in the sector under the government initiatives to revive tourism.

“The pandemic has severely affected people, who are directly and indirectly linked to the tourism sector. No other state in the country has announced such a program for workers in the tourism sector, ”the minister said in a statement on Thursday.

Referring to innovative projects on the anvil to increase tourism in the state, he said, “Like caravan tourism, the government is considering the idea of ​​coming up with more exciting initiatives. The departments of tourism and culture will join hands to explore the scope of promoting film tourism in the state, ”said Mr. Riyas.

People would find it fun to visit their favorite movie locations even decades after release. There are a lot of picturesque places that have been featured in popular movies. The Ministry of Tourism will explore the possibility of the project in all districts, he added.

Dr Venu V, Additional Chief Secretary (Tourism), said that the credit for designing and implementing this unique tourism employee support program rests entirely with the Minister of Tourism.

“This will be a stimulus especially for small and micro enterprises in the industry,” added Dr Venu.

Mr. VK Prasanth MLA chaired the function. Company Advisor Dr Reena KS and Kerala Travel Mart Society President Baby Mathew were in attendance. Tourism Director VR Krishna Teja hosted the rally and State Responsible Tourism Mission Coordinator K Rupeshkumar moved the vote of thanks.

The revolving fund, with an initial body of Rs 10 crore, was set up as part of a package of government initiatives aimed at reviving the tourism industry, which provides jobs for hundreds of people across the ‘State.

Under the scheme, beneficiaries can benefit up to Rs 10,000 without providing any collateral guarantee. The loan must be repaid within two years after a one-year moratorium period.

Those looking for a loan under the program can apply by going to the portal www.keralatourism.org/revolving-fund and give the required details like name, email id, mobile number, phone number, bank account and other relevant personal information.

Employees of various businesses or activities related to the travel and hospitality industry will be eligible for the loan. People employed in units registered with the Responsible Tourism (RT) mission are also entitled to the loan.

In accordance with the provisions of the fund, the candidate must work in a member entity of a recognized organization in the tourism sector such as the Kerala Travel Mart (KTM) Society and other similar business organizations.

The recognized organization to which the business entity is affiliated will ensure that loans taken out by employees are repaid promptly. The beneficiary will have to repay the loan within two years of the one-year moratorium period.

Kerala Travel Mart (KTM) Society has recently entered into an agreement with the Department of Tourism in this regard.

The fund aims to support employees of a wide range of businesses such as travel agencies, tour operators, tourist taxi services, barges and shikara boats, hotels, resorts, restaurants, host families and serviced villas, Ayurvedic resorts and spas, adventure tourism companies, micro units within the framework of the RT mission, members of performing arts and arts troupes martial arts and licensed tour guides.

A panel, formed by the Government of Kerala with the Director of Tourism as Chairman and the State Coordinator of the RT Mission as the organizer and representatives of professional travel and tourism organizations as members, was trained to review applications and sanction loans.

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