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Launched in 2012 by the Meghalaya Tourism Department, this scheme aims to boost tourism infrastructure by providing Read More... financial aid for developing homestays and resorts across the state. Read less

Details

Meghalaya, known for its breathtaking landscapes, is inviting entrepreneurs to contribute to its growing tourism sector. The Meghalaya Tourism Development & Investment Promotion Scheme is designed to help individuals and businesses set up much-needed accommodation facilities like homestays and resorts.

What Is This Scheme?

This scheme encourages public and private participation in tourism by offering financial incentives to build tourism accommodation. Whether you want to offer cozy homestays in your home or build eco-friendly resorts, this scheme can help turn your vision into reality. The goal is to create more reliable, safe, and clean places for tourists to stay, especially outside the main city of Shillong, which helps spread tourism benefits to other areas.

Who Can Benefit From This Scheme?

The scheme is primarily for individuals who own property suitable for homestays or land for building resorts. It's a great opportunity for those looking to invest in the tourism sector and create local employment and income opportunities.

Why This Scheme Is Important

By supporting the development of homestays and resorts, the scheme addresses the shortage of tourist accommodation. This not only improves the visitor experience but also promotes balanced tourism development across Meghalaya, encouraging tourists to explore more destinations and boosting local economies.

Objective

Launched in 2012 by the Meghalaya Tourism Department, this scheme aims to boost tourism infrastructure by providing financial aid for developing homestays and resorts across the state.

Benefits

The inmates are provided with free education, overall development, and vocational training for which they are found fit.

The inmates are provided with clothing, free boarding and lodging, and pocket money @ ₹ 500/- per inmate per month.

The inmates are given lessons in music.

The inmates are retained in the institution till graduation or till attaining 25 years of age, whichever is earlier.

Sources and references

Guidelines

Eligibility Criteria

Project Cost Limits: For homestays, the project cost must be within Rs 16.00 Lakhs. For resorts, it must be within Rs 100.00 Lakhs. If the project cost exceeds these limits, the assistance will be capped at 30% of Rs 16.00 Lakhs for homestays and 30% of Rs 100.00 Lakhs for resorts.
Property Ownership: Entrepreneurs must own the land if they are setting up a resort. For homestays, they must be the owner of the property with existing built-up houses.
Project Completion Timeline: Projects need to be completed within 18 months from the date the incentive is disbursed for resorts, and within 12 months for homestays.
Scheme Applicability: The scheme is valid only for units established on or after the date the incentive scheme was notified.
Labour Policy: Entrepreneurs must adhere to the Minimum Wage policy set by the Government.

How To Apply

Download the Application Form from the official Meghalaya government website.
Complete the application form and gather all the required documents.
Submit the completed application form and supporting documents as per the instructions provided in the scheme brochure. The exact submission address or department details will be available with the application form and brochure.

Documents Required

A completed Application Form.
Proof of Identity and existence of the Applicant.
A copy of the record of right for the project land.
An Affidavit in the prescribed format (Format II) attached with the application form.
Proof of purchase of the prescribed cost of the application form and scheme brochure.
A copy of the last submitted income tax return, if applicable.
A Detailed Project Report (DPR) submitted to any Financial Institution (FI) or Bank, showing the project's feasibility.
A letter from an FI/Bank stating that the loan case is under consideration.
A hand-drawn key map of the project land showing the layout, land boundaries, water sources, electricity connections (if any), and existing land use.
No Objection Certificate (NOC) for establishing such a facility in the chosen area.

FAQ’s

How much does an entrepreneur need to contribute for a homestay project?

For homestays, the entrepreneur needs to contribute 2% of the total project cost.

What is the maximum project cost for a resort under this scheme?

The project cost for resorts is limited to Rs 100 Lakhs.

Who is eligible to apply for the homestay component of the scheme?

The entrepreneur must be the owner of the property where the homestay will be established, and it should have existing built-up houses.

What is the completion deadline for homestay projects?

Homestay projects must be completed within 12 months from the date the incentive amount is disbursed.

Can I apply if my project cost for a homestay is higher than Rs 16.00 Lakhs?

Yes, but the financial assistance will be calculated as 30% of Rs 16.00 Lakhs, even if your total project cost is higher.

How much money is allocated for the application form and scheme brochure?

The cost for the application form and scheme brochure is Rs 5000.

What are the land ownership requirements for setting up a resort?

The entrepreneur must own the land where the resort is planned to be built.

How long do I have to finish a resort project?

Resort projects need to be completed within 18 months from the date the incentive funds are disbursed.

Is the fee for the application form and brochure refundable?

No, the amount paid for the application form and scheme brochure is not refundable.

What is the entrepreneur's contribution for a resort project?

The entrepreneur is required to contribute 2% of the total project cost for resorts.