Grant of Financial Incentives for Hotels, Resorts, and Tourism Projects
The scheme aims to promote tourism infrastructure by providing financial incentives to hotels, resorts, heritage hotels, and other tourism projects. The scheme offers capital grants and subsidies to eligible applicants who have invested in and developed tourism-related projects.
About This Scheme
Benefits
₹2.0 L
- ₹2,00,000/- per room, subject to a maximum of ₹30,00,000/- for one-star hotels.
- ₹3,00,000/- per room, subject to a maximum of ₹75,00,000/- for two-star hotels.
- ₹3,00,000/- per room, subject to a maximum of ₹1,00,00,000/- for three-star hotels.
- ₹3,00,000/- per room, subject to a maximum of ₹75,00,000/-.
- The building must be listed in the current list of heritage buildings in Puducherry and conform to architectural and conservation guidelines.
- 25% of the capital investment, subject to a maximum of ₹1,00,00,000/- for hotels/resorts with more than three-star classification and other tourism projects like water theme parks, amusement parks, yacht marinas, family entertainment centers, convention centers, and cruise tourism.
- ₹1,00,000/- per apartment, subject to a maximum of ₹6,00,000/- for 'Silver' category.
- ₹2,00,000/- per apartment, subject to a maximum of ₹12,00,000/- for 'Gold' or higher category.
The incentive is directly released to the authorized/approved financial institutions if a loan was taken for the project. If no loan was taken, the amount is released directly to the applicant.
Expected Time of DisbursementPriority for disbursement is based on the date of star classification/heritage classification or the date of commercial operation for other tourism projects.
Eligibility
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Required Documents
- ✦Detailed project report in English about the infrastructure, including ownership, structural designs, financial model, detailed estimates, audited balance sheet, and profit and loss statements from its commencement, income tax returns, and other relevant particulars.
- ✦Approval and occupancy certificate issued by the Planning Authority of the respective regions of the Government of Puducherry with approved drawing.
- ✦Certification of the building from the Departments of Fire Service, Municipality/Public Works, and Electricity.
- ✦Certification of Star Classification/Heritage Classification from the Ministry of Tourism/Department of Tourism, Government of India.
- ✦Undertaking as per the format on ₹50/- stamp paper.
✦ Required ◦ Optional
How to Apply
Step 1: Take a print of the prescribed format of the application form.
Step 2: In the application form, fill in all the mandatory fields and attach copies of all the mandatory documents.
Step 3: Submit the duly filled and signed application form and the documents, within the prescribed period (if any), to the Department of Industrial Development (Tourism), Government of Puducherry.
Step 4: Request a receipt or acknowledgement from the concerned authority to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, and a unique identification number (if applicable).
Post-Application ProcessesStep 1: A committee consisting of the Secretary to Government (Tourism), Managing Director (PTDC), Member-Secretary (PPA), Commissioner (Puducherry Municipality), Representative of Finance Department, Architect (Representative of INTACH), and Director of Tourism will review the application to determine eligibility and the quantum of incentive.
Step 2: If approved, the incentive will be released directly to the authorized financial institution (if a loan was taken) or to the applicant (if no loan was taken). The incentive may be released in installments.
*The applicant must provide an undertaking on ₹50/- stamp paper, stating that the project will continue in the same name and style for eight years from the date of release of the incentive.
Quick Info
- Level
- Central Government
- Max benefit
- ₹2.0 L