Puducherry,Apr 11: The Puducherry administration was taking steps to provide a subsidy of Rs one crore to star hotels here to develop tourism, Minister for Tourism, Malladi Krishna Rao told the legislative assembly today.
Replying to a question, Mr.Rao said the subsidy scheme was pending before the government for approval and it would be provided to the beneficieries before May this year. As many as 33 Institutions had set up their hotels here and applied for subsidy, he added.
To another question, Chief Minister N Rangasamy said the administration had not granted licence to conduct prize chits and money circulation schemes.
Mr Rangasamy said, however, two people were arrested on separate complaints. The district registrar for Puducherry region and deputy registrar for other three regions were entrusted with the responsibility to implement prize chits and money circulation scheme(Banning ) Act, 1978, he added.