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Change Change %
0.10 0.14%

Updated:23 Jan, 2020, 09:34 AM IST

Change Change %
-0.05 -0.07%

Updated:22 Jan, 2020, 16:01 PM IST

Tourism Finance Corporation of India (TFCI) incorporated in 1989 is engaged in the business of providing financial assistance to tourism–related activities/projects. The company was founded on recommendations of the National Committee on Tourism (Yunus Committee) set up under the aegis of Planning Commission. The aim behind formation of this company was to promote a separate All–India Financial Institution for supporting tourism–linked projects.

TFCI provides financial assistance in form such as Rupee Loan, Underwriting of public issues of shares/debentures and direct subscription to such securities, guarantee of deferred payments and credit raised abroad, equipment finance, equipment leasing, assistance under suppliers' credit, working–capital financing, takeover financing and advances against credit–card receivables.

TFCI provides financial assistance to enterprises for setting up and development of tourism–related projects, facilities and services, such as hotels, restaurants, holiday resorts, amusement parks, multiplexes and entertainment centers, education and sports, safari parks, rope–ways, cultural centers, convention halls, transport, travel and tour operating agencies, air service, tourism emporia and sports facilities etc.

Company offers research and consultancy services to various central and state agencies by taking on assignments comprising macro and micro level tourism–related studies/exercises to facilitate identification, conceptualization, promotion/implementation of specific tourism–related projects and for taking policy level decisions with respect to investment and infrastructure augmentation etc.

Under Government sector, company has offered consultancy services to clientele namely Chandigarh Industrial and Tourism Development Corporation, Madhya Pradesh State Tourism Development Corporation, Ministry of Railways, Tamilnadu Tourism Development Corporation, Delhi Development Authority to name few.

Under private sector, company has offered consultancy services to clientele namely EIH, Delhi, ITC Hotels, New Delhi, Majestic Hotels, Ludhiana, Paramount Water Sports & Resorts, Mumbai, Hotel Leela Venture, Mumbai, Asian Hotels and many others.

Future plans

Tourism Finance Corporation of India is planning to set up additional room inventory particularly in budget segment. Company is also considering providing financial assistance to new segments such as setting up training institutes for hotel personnel, health spas, entertainment centres, shopping malls and multiplexes.