The Yogi Adityanath government is eyeing worth Rs 20,000 crore in the tourism sector in order to develop Uttar Pradesh as a ‘Tourism State’ and create EMPLOYMENT for 10 lakh youths in the next five years.
In order to achieve this ambitious goal, the government has announced a subsidy of up to Rs 40 crore for investors willing to develop major tourist places in the state as well as the lesser known, but beautiful natural destinations.
The new tourism policy approved by the cabinet gives a lot of relief to the investors through rebates and incentives for the development of tourist destinations.
Under the new policy, various types of grants have been announced for entrepreneurs investing in the state. According to the policy, those investing between Rs 10 lakh and Rs 10 crore will get a rebate of 25 per cent, or up to Rs 2 crore. Similarly, entrepreneurs investing between Rs 10 crore and Rs 50 crore will be provided a 20 per cent subsidy or up to Rs 7.5 crore.
Entrepreneurs with investment between Rs 50 crore and Rs 200 crore will get a subsidy of 15 per cent, or up to Rs 20 crore whereas those investing between Rs 200 crore and Rs 500 crore will be given a rebate of 10 per cent, or up to Rs 25 crore. Besides, subsidy will be provided at the rate of 10 per cent or Rs 40 crore, whichever is higher, to premier investors investing capital above Rs 500 crore.
The new policy also aims to develop the understanding, need and importance of tourism and culture among the youth and children from the very beginning. Under this, youth tourism clubs have been identified as a means to develop responsible and sustainable tourism in the country. In addition, there will be Awards for the best tour operator, wellness centre, hotel, heritage hotel, best eco tourism operator.