Archive for May, 2013

Odisha to provide subsidy under new tourism policy

May 23, 2013 Leave a comment


Under the new Tourism policy, the Odisha government will provide incentive schemes in the state. For the purpose it has divided the state into three zones for the purpose of administration of incentive schemes.

Zone A comprises of the municipal corporation area of Bhubaneswar, while Zone B includes rest of the state except KBK (Kalahandi-Bolangir-Koraput), Kandhamal and Gajapati districts and Zone A. The Zone C comprises KBK, Kandhamal and Gajapati districts.

Also, for setting up of any tourism projects in Zone A will get capital investment subsidy of 20 per cent, maximum upto Rs 20 lakh, for investments ranging from Rs 10 lakh to Rs 20 crore. For investment of Rs 20 crore and above the subsidy is 25 per cent (maximum upto Rs 30 lakh).

In Zone B, the policy offers 25 per subsidy with a ceiling of Rs 25 lakh on the projects worth between Rs 10 lakh and Rs 20 crore and for investment above Rs 20 crore, the subsidy is 30 per cent with a ceiling of Rs 35 lakh. In Zone C, 30 per cent subsidy on capital investment is offered with a ceiling of Rs 30 lakh for project within the range of Rs 10 lakh to Rs 20 crore while the subsidy for investments above Rs 20 crore is fixed at 35 per cent with a cap of Rs 40 lakh.

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