New Delhi, Feb. 3 -- The expansion of MUDRA loans for homestays has opened a significant opportunity for small businesses in the tourism sector, with potential loans amounting to Rs 1,500 crore under the Shishu category, according to a recent report by the State Bank of India (SBI).

The report highlighted that the demand for homestays has risen sharply due to an increasing influx of tourists, with an estimated requirement of around 3 million homestays across the country. The extension of MUDRA loans is expected to support this growing sector by providing financial assistance to small entrepreneurs, helping them establish and expand their homestay businesses.

It said "With the extension of MUDRA loans for Homestays, an opportunity of app...