The Himachal Pradesh government has approved interest subvention scheme on loan to revive the tourism industry, an official spokesperson said.
Under the Interest Subvention Scheme, tourism units paying GST up to Rs 1 crore will be entitled for maximum loan of Rs 50 lakh and those paying GST between Rs 1 crore and Rs 3 crore for at least one year ending 31st March, 2020 will be entitled for loan up to Rs 75 lakh, he added.
Units paying GST above Rs 3 crore will be eligible for loan of Rs 1 crore and small registered tourism units will also be eligible for maximum loan of Rs 15 lakh, he added.
This loan period will be for four years with interest subvention of 50 per cent each for the first two years, he added.
The cabinet in its meeting chaired by Chief Minister Jai Ram Thakur on Thursday also gave in principle approval to regularise the services of 6,500 PTA, 3,300 PAT and 97 PARA teachers engaged in various government schools, he added.
The Cabinet gave its approval to enhance support price of apple under Market Intervention Scheme (MIS) by 50 paise from Rs 8-8.50 per kg for 2020, he said, adding that under this scheme about 1.50 lakh MT apple would be procured from July 20 to November 15 for which 283 procurement centres would be opened in different parts.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.