State Bank of India (SBI) under its Paryatan Plus Scheme
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Dear All,
State Bank of India (SBI) under its Paryatan Plus scheme has further intensified its loan options, especially to augment tourism and hospitality businesses. This is specifically designed for entrepreneurs/organizations interested in tourism business. Speaking about this, T S Krishnaswamy, deputy general manager (SME Trade & Services) of SBI, said, "We have designed new loan schemes to meet the tourism and hospitality project demands. Today the sectors are on a growth path and our bank is keen to facilitate it."
Target Group
• Individuals, Partnerships, Corporates, NGOs
• All segments of tourism mainly:
• Eco Tourism
• Adventure tourism
• Religious tourism
• Heritage Tourism
• Rural Tourism
• Hospitality Industry
• Transportation
• Travel agents
• Tour Operators
Purpose
• Construction/Renovation/ Modernization/ Expansion of lodging infrastructures.
• Construction of office premises, purchase of office equipment and computers by travel agents/ tour operators.
• Purchase of vehicles (Luxury buses, Coaches, Cars, Vans) at tourist sites.
• Purchase of house boats and luxury boats.
• Setting up of restaurants/ coffee houses/ ice-cream parlours/ fast food centres, amusement parks/rope ways, health clubs/ spas, etc.
Facility
• Cash Credit (Hypothecation) for Working Capital
• Term Loan
• Letter of Credit/ Guarantee
Quantum of Finance
• Minimum Rs.2 lacs
Margin
• Minimum 20%
Interest Rate
• Interest is floating and linked to Base Rate*.
Repayment Period
• Term loan up to maximum 7 years including maximum 18 months of startup period.
• Cash credit repayable on demand.
Insurance
• The assets created out of Bank finance are to be insured for the full value.
For more information visit: http://www.sbi.co.in
State Bank of India (SBI) under its Paryatan Plus scheme has further intensified its loan options, especially to augment tourism and hospitality businesses. This is specifically designed for entrepreneurs/organizations interested in tourism business. Speaking about this, T S Krishnaswamy, deputy general manager (SME Trade & Services) of SBI, said, "We have designed new loan schemes to meet the tourism and hospitality project demands. Today the sectors are on a growth path and our bank is keen to facilitate it."
Target Group
• Individuals, Partnerships, Corporates, NGOs
• All segments of tourism mainly:
• Eco Tourism
• Adventure tourism
• Religious tourism
• Heritage Tourism
• Rural Tourism
• Hospitality Industry
• Transportation
• Travel agents
• Tour Operators
Purpose
• Construction/Renovation/ Modernization/ Expansion of lodging infrastructures.
• Construction of office premises, purchase of office equipment and computers by travel agents/ tour operators.
• Purchase of vehicles (Luxury buses, Coaches, Cars, Vans) at tourist sites.
• Purchase of house boats and luxury boats.
• Setting up of restaurants/ coffee houses/ ice-cream parlours/ fast food centres, amusement parks/rope ways, health clubs/ spas, etc.
Facility
• Cash Credit (Hypothecation) for Working Capital
• Term Loan
• Letter of Credit/ Guarantee
Quantum of Finance
• Minimum Rs.2 lacs
Margin
• Minimum 20%
Interest Rate
• Interest is floating and linked to Base Rate*.
Repayment Period
• Term loan up to maximum 7 years including maximum 18 months of startup period.
• Cash credit repayable on demand.
Insurance
• The assets created out of Bank finance are to be insured for the full value.
For more information visit: http://www.sbi.co.in
