Shimla, Dec 8 (PTI) The Himachal Pradesh government will provide interest subsidy on loans for setting up new tourism units like homestays and for the expansion and upgradation of the existing units under the ‘Tourism Startup Scheme in Hospitality Industry’, officials said on Monday.

Any bonafide resident of the state would be able to avail the facility, which would assist in promoting tourism and creating self-employment opportunities in the state, an official statement said.

Chief Minister Sukhvinder Singh Sukhu said the state government will provide an interest subsidy of 3 per cent in urban areas, 4 per cent in rural areas, and 5 per cent in tribal areas on loans of up to Rs 2 crore, for a maximum period of three years from the date of loan disbursement.

Homestays are playing a pivo

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