Shimla, Sept. 19 -- To boost tourism and create self-employment opportunities, the Himachal Pradesh government has launched the 'Chief Minister Tourism startup scheme in Hospitality Industry'.
The initiative is aimed at strengthening the hospitality sector while encouraging entrepreneurship in the state.
Under the scheme, financial relief will be extended on loans taken for establishing new tourism units, such as homestays, as well as for upgrading and expanding existing ventures.
The government will provide an interest subsidy of three percent in urban areas, four percent in rural areas, and five percent in tribal areas on loans up to Rs. two crore, for a maximum of three years from the date of loan disbursement. This facility will be a...