Question

Aims and objectives of tourism finance corporarion of india

Answer 1

Tourism Finance Corporation of India Ltd.(TFCI) has been set-up as an All India Financial Institution, pursuant to the recommendations of“National Committee on Tourism” set-up under the aegis of Planning Commission in 1988. The main object of setting-up the specialised financial institution was to expedite the growth of tourism infrastructure in the country by providing dedicated line of credit on long term basis to tourism related projects in the country. TFCI has successfully played the role of investment catalyst for the tourism sector and has cumulatively sanctioned assistance aggregating Rs.7815 crore upto 30th September, 2015 to 773 projects mainly in tourism and other related sectors.