The Ministry of Tourism has decided to expand the Large Revenue Generating (LRG) scheme for hospitality projects with higher financial outlays and extend its coverage to more tourism products.
This was stated by Mr. R. H. Khwaja, Secretary, Tourism, at a FICCI conclave on ‘How to Take Tourism to the Next Trajectory’ on March 31.
The decision is in line with the report of the Working Group on Tourism for the 11th Plan. The report had recommended that the Large Revenue Generating (LRG) Scheme needs to be broad based with higher outlays of 50 per cent promoters’ contribution up to 25 per cent of project cost or Rs 50 crore, whichever is lower.
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