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States » South


KSIDC to provide loans up to Rs 5 cr to purchase tourist Caravans

Thiruvananthapuram, Dec 1 (UNI) In a major boost to Kerala’s stakeholder-friendly Caravan Tourism project ‘Keravan Kerala’, the state’s investment promotion agency Kerala State Industrial Development Corporation (KSIDC) has come out with an attractive scheme to provide loans up to Rs five crore to purchase tourist caravans and set up caravan parks.
Under the scheme, an enterprise is entitled to get a loan of up to Rs 1 crore per caravan, or 70 per cent of the cost, for buying up to five vehicles.
The range of loan is from Rs 50 Lakh to Rs 1 crore per vehicle. The loans will be provided only to buy new vehicles.
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