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| CM approves tourism incentive package | | | EARLY TIMES REPORT
SRINAGAR, June 3:
Chief Minister, Omar Abdullah has approved an additional allocation of Rs 3 crores for Tourism Department which can be enhanced to Rs 5 crores at the time of revised estimates.
The amount has been granted under the package of incentives for tourism to develop tourism infrastructure in lesser developed areas and give impetus to the economic activities besides generating employment for people.
Chief Minister also gave nod to the revised incentive rules prepared by the Tourism Department in consultation with the Planning and Development Department to bring more suitable areas under the ambit of incentive package.
Approving the proposal to this effect, the Chief Minister said that under a comprehensive incentive package, opportunities of self employment for a large number of people would be created across the State in the tourism sector besides opening venues for wide-ranging economic activities.
The incentives under the package include subsidy on capital investment, subsidy for new prestigious units, support to adventure recreation tourism, subsidy on facilities and equipment, purchase of tourist coaches, upgradation of vehicles, creation of paying guest accommodation and travel agencies.
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