TFCI normally considers financial assistance to projects with capital cost of at least Rs.20 crore, but for providing financial assistance to heritage hotels, restaurants, food courts, pubs, tour operators, travel agents, transport sector, health spa / centers, recreational facilities and renovation / upgradation / expansion, lower project cost could also be considered depending on the nature of the project, past track & credit record, commercial viability and the prevailing Govt. policies for development of tourism in the area / region. In addition, credit facilities for working capital and against credit card receivables could be considered for smaller amounts based on requirement of the borrower with satisfactory credit record.
TFCI will provide assistance to profit-making companies with satisfactory credit record. In case of rated companies, the minimum rating should be ‘BB’.
Core Promoters’ Contribution:
The minimum core promoters’ contribution is 30% of the project cost. Relaxation is allowed upto 25% in respect of large projects involving capital cost, exclusive of the cost of land for the project, of more than Rs.100 crore.