LGSCATSS
LOAN GUARANTEE SCHEME FOR COVID AFFECTED TOURISM SERVICE SECTOR

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To meet the operational liabilities/expenses of the borrower, for enabling them to restart their business.
Target Borrower
All registered Tourist Guides (recognized/ approved by M/o Tourism and State Govts/ UT Administrations) and Travel & Tourism stakeholders recognized/ approved by the Ministry of Tourism, Govt. of India. “Travel & Tourism Stakeholder” means Tour operators/ Travel Agents/ Tourist Transport Operators recognized/ approved by the Ministry of Tourism, Govt. of India.
Facility
Term Loan
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
- Borrower should be Govt. recognized/approved.
- Registered Tourist Guide and Travel and Tourism Stakeholders not having borrowing relationship with any Bank.
- Borrowers having existing loan relationship with the Bank
- Borrowers can either avail LGCATSS or ECLGS but not both. If a borrower has already availed benefit under ECLGS 1.0 or 3.0, shall have to close/ pay off the dues under ECLGS, before applying for LGSCATSS scheme.
Loan Amount
- Registered Tourist Guides - up to Rs.1.00 Lakh
- Travel & Tourism Stakeholder - Up to Rs.10 Lakh.
Tenor
Up to 5 Yrs (Including moratorium(Interest) of max. 12 Months)
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
As applicable
Processing fees-
Waived. However other applicable charges such as inspection, documentation and mortgage charges to be recovered as applicable.
Guarantee Fees
NIL. No Charges towards Guarantee from NCGTC will be paid by the borrower.
Validity
The Scheme is Valid till 31.03.2022 or till a total amount of Rs. 250 Crores sanctioned under LGSCATSS schemes, whichever is earlier.
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
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