RAJASTHAN FINANCIAL CORPORATION
Ref.No.RFC/F.13(215)156 Dated : 06 .04.2002
Reg : Scheme of Interest Subsidy on Hotel by Department of Tourism , Govt. of India.
The Department of Tourism, Govt. of India had introduced a scheme for granting interest subsidy to the hotels in 1989 and the scheme was circulated to all branches vide P.G.Circular No. 310 dated 31.05.1989.
The Department of Tourism, Govt. of India vide letter No. 14TH/II(1) 2002 dated 19.03.2002 (copy enclosed) has intimated that henceforth no interest subsidy shall be available for new such proposals w.e.f. 01.04.2002. However, all the earlier cases for which claims have been furnished by the Corporation and that are under process in the Department shall not be affected.
All concerned are advised to make a note of the above.
( R.S.GUPTA )
GEN.MANAGER( FIN. )