A scheme to financially aid the tourism sector


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  • Benefits
  • Features
  • Eligibility Criteria
  • Document Required
  • Fees & Charges

Loan Guarantee Scheme for Covid Affected Tourism Service Sector : Benefits

Collateral free loan for upto 5 years ( inclusive of moratorium on principal repayment for upto 1 year)

All loans are 100% covered under NCGTC.

Loan amount:

  • For Tourist Guide: Upto Rs. 1 lac
  • For Travel & Tourism Stakeholders: Upto Rs. 10 lacs

Loan Guarantee Scheme for Covid Affected Tourism Service Sector : Features

Working Capital Term Loan for 5 years.

Loan Guarantee Scheme for Covid Affected Tourism Service Sector : Eligibility Criteria

  • Target beneficiary who do not have borrowing relationship with any Scheduled Commercial Bank (SCB), can also be considered under this scheme.
  • Target beneficiary who has existing borrowing relation with SCB, may proceed for borrowing finance from that particular bank.
  • If the target beneficiary has already availed benefit under ECLGS (BGECL 1.0 or 3.0), he shall have to close/ pay off the dues under BGECL, before applying for coverage under LGSCATSS scheme. Likewise, if an eligible borrower has availed assistance under LGSCATSS, he shall have to close/ pay off the dues under LGSCATSS, before applying for coverage under ECLGS.

  • The details of the Registered Tourist Guides / Travel & Tourism Stakeholders are available in https://www.ncgtc.in/en/products-n-services/lgscatss

Loan Guarantee Scheme for Covid Affected Tourism Service Sector : Document Required

  • Loan documents as per Bank Guidelines.
  • Undertaking by borrower mentioning that Borrower shall not create any charge on the security held in the account covered by the NCGTC for the benefit of any account not covered by the guarantee, with itself or in favour of any other creditor(s) to the detriment of NCGTC.

Loan Guarantee Scheme for Covid Affected Tourism Service Sector : Fees & Charges

  • Rate of Interest (ROI): ROI is capped at 7.95%
  • Processing charges: NIL
  • Forclosure / Prepayment charges: NIL
  • NCGTC Guarantee fee: NIL

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