The Managing Directors/CEO’s/Directors/Partners/General Managers
All FHRAI Members
CC: All Members of the Executive Committee
All Regional Associations
President FHRAI
Sub:- Budget Announcement FY 2025 - 26 – Mudra Loan for Homestay
Dear Member,
We are writing to you in reference to a letter we received from the Ministry of Tourism, requesting to promote the Mudra Loan scheme for homestays among the industry members.
As you may be aware that the Government of India has announced Mudra Loans for Homestays in the Union Budget for 2025-26, to meet both term loan and working capital components of financing by Member Lending Institutions.
Some of the salient features of the scheme are:-
- Any individual who is otherwise eligible to take a loan and has a business plan for homestay, can avail loan under the scheme.
- Term /Demand – Maximum up to 84 months (7 Years) with suitable moratorium subject to annual review.
- Security – No collateral.
- Pre Closure charges are also nil.
For more details, you may access the letter from the Ministry of Tourism through the below link :-
This is for your information please.
With kind regards,
Jaison Chacko
Secretary General
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The Federation of Hotel & Restaurant Associations of India
Regd. Off.: B-82, 8th Floor, Himalaya House, 23 K.G. Marg, New Delhi - 110 001
Tel.: 011-40780780, Email: fhrai@fhrai.com Website: www.fhrai.com