India to issue free 5 lakh tourist visas; give easy loans to travel agents & tour guides

 India to issue free 5 lakh tourist visas; give easy loans to travel agents & tour guides


NEW DELHI: The first 5 lakh tourist visas issued once India allows entry to this category of visitors will be issued free of charge. And government-recognised travel agents and tour guides will now be eligible for loan of up to Rs 10 lakh and Rs 1 lakh, respectively, without any processing charges or additional collateral requirement.
Union finance minister Nirmala Sitharaman announced these steps to ensure survival of the Covid-ravaged tourism sector as part of an economic package on Monday. Pre-Covid 2019 saw almost 1.1 crore foreign tourist arrivals (FTAs) who collectively spent $30 billion on leisure and business.

“The average daily stay for a foreign tourist in India is 21 days and their average daily spending per tourist is about $34 (Rs 2,400). Once (tourism) visa issuance resumes, the first 5 lakh tourists visas will be issued free of charge,” Sitharaman said.

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