In a boon to the tourism industry in Madhya Pradesh, the state government has accorded the status of industry to tourism sector in the state and revised its policy to attract investment.
The state cabinet presided over by chief minister Shivraj Singh Chouhan, on Monday ratified the policy in which a provision has been made for providing subsidy to heritage hotels, construction of budget hotels and provisions for ensuring 24-hour power supply to all prominent tourism destinations.
Throwing light on the new provisions in the tourism policy, a government spokesman said the state would provide a 25% subsidy or Rs 1.5 crore on capital investment expenditure if a private building is converted into and run as a heritage hotel by the building owner or any other investor.
The subsidy will be given when an investor runs the hotel for a year after developing it after being classified as a heritage hotel by the hotel and restaurants approval and classification committee. Assessment of investment expenditure will be made by a committee comprising officers of the State Archaeology Department and State Tourism Development Corporation.
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