IndiaBanks.org · independent research

Business, & agriculture finance

Loan Guarantee Scheme for Covid Affected Tourism Service Sector (LGSCATSS)

Historical collateral-free guaranteed term loans up to ₹10 lakh for recognised tourism stakeholders and ₹1 lakh for tourist guides, at 7.95% p.a. with 100% cover.

Loan amountUp to ₹10 lakh for recognised/approved travel and tourism stakeholders; up to ₹1 lakh for registered tourist guides.Interest rate7.95% p.a.Eligible tourism borrowersRecognised tourist guides and Ministry of Tourism/State Government/UT-approved travel and tourism stakeholders, including tour operators, travel agents and tourist transport operators; individuals and specified business entities qualify.
Official product page ↗Compare category

Quick eligibility check

Loan Guarantee Scheme for Covid Affected Tourism Service Sector (LGSCATSS)

0 of 9 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: Recognised tourist guides and Ministry of Tourism/State Government/UT-approved travel and tourism stakeholders, including tour operators, travel agents and tourist transport operators?

Published source: Eligible tourism borrowers

2Do you meet this requirement: individuals and specified business entities qualify?

Published source: Eligible tourism borrowers

3Do you meet this requirement: Recognition/approval/registration evidence?

Published source: Documents

4Do you meet this requirement: Application and KYC?

Published source: Documents

5Do you meet this requirement: Tourism business and liability records?

Published source: Documents

6Document checkDo you have this required document or proof: Recognition/approval/registration evidence?

Published source: Documents

7Document checkDo you have this required document or proof: Application and KYC?

Published source: Documents

8Document checkDo you have this required document or proof: Tourism business and liability records?

Published source: Documents

9Document checkDo you have at least one of these required documents: Existing-lender relationship or new Scheduled Commercial Bank application?

Published source: Documents
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · historical
Offered byBank of Maharashtra

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Eligible tourism borrowersRecognised tourist guides and Ministry of Tourism/State Government/UT-approved travel and tourism stakeholders, including tour operators, travel agents and tourist transport operators; individuals and specified business entities qualify.View source
Tourist-guide and stakeholder definitions and ECLGS exclusivity reviewed.
Source
LGSCATSS
Page / section
Eligibility Criteria
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Loan amountUp to ₹10 lakh for recognised/approved travel and tourism stakeholders; up to ₹1 lakh for registered tourist guides.View source
Both borrower-type limits reviewed.
Source
LGSCATSS
Page / section
Quantum of loan
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rate7.95% p.a.View source
Published rate reviewed.
Source
LGSCATSS
Page / section
Rate of Interest
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
RepaymentMaximum 5 years including a one-year principal moratorium; interest is payable during the moratorium.View source
Tenor and moratorium rows reviewed.
Source
LGSCATSS
Page / section
Repayment Period
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
MarginNil.View source
Published margin row reviewed.
Source
LGSCATSS
Page / section
Margin
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Guarantee cover100% of outstanding credit facility from NCGTC, unconditional and irrevocable, available up to five years from first disbursement.View source
Coverage, duration and guarantee-nature rows reviewed.
Source
LGSCATSS
Page / section
Guarantee coverage and nature
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
SecurityHypothecation/mortgage charge on existing and proposed financed assets; no additional collateral security. NCGTC receives a second charge.View source
Primary and additional-security terms reviewed.
Source
LGSCATSS
Page / section
Security
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
FeesNil guarantee fee, processing fee, foreclosure charge, prepayment charge and account-closure charge; other service charges follow extant guidelines.View source
All listed nil-charge rows reviewed.
Source
LGSCATSS
Page / section
Guarantee Fee and processing/closure charges
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Turnover / vintageNo universal turnover threshold is published for these guarantee schemes. Eligibility is tied to each scheme's reference-date limits, borrower sector/status, project type, Udyam/manufacturing status or account classification as described in the source page.View source
The scheme pages specify exposure, sector and account-status tests but no universal turnover floor.
Source
ECLGS 5.0 and related guarantee schemes
Page / section
Complete scheme pages reviewed
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing feeECLGS 5.0, GECL and LGSCATSS publish nil processing fee or nil applicable charges. LGSCAS, MCGS-MSME and other guarantee schemes direct other service charges to extant Bank guidelines rather than publishing a product-specific numeric fee.View source
Each reviewed page's published nil/extant-guideline wording is preserved; no fee is inferred where only extant guidelines are cited.
Source
ECLGS, GECL, LGSCAS, LGSCATSS and MCGS-
Page / section
Fee and charges rows on each scheme page
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Geographic limitsIndiaView source
The manually reviewed product record states: “India”.
Source
Loan Guarantee Scheme for Covid Affected Tourism Service Sector (LGSCATSS) — official product page
Page / section
Published product metadata
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
DocumentsRecognition/approval/registration evidence; Application and KYC; Tourism business and liability records; Existing-lender relationship or new Scheduled Commercial Bank application; Security and NCGTC charge documentsView source
The manually reviewed product record states: “Recognition/approval/registration evidence; Application and ; Tourism business and liability records; Existing-lender relationship or new Scheduled Commercial Bank application; Security and charge documents”.
Source
Loan Guarantee Scheme for Covid Affected Tourism Service Sector (LGSCATSS) — official product page
Page / section
Published product metadata
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Up to ₹10 lakh for recognised tourism stakeholders
  • Up to ₹1 lakh for registered tourist guides
  • 7.95% p.a. published rate
  • Five-year tenor including one-year principal moratorium
  • 100% guarantee
  • Nil margin, guarantee, processing, foreclosure, prepayment and account-closure charges

Eligibility

  • Tourist guides and travel/tourism stakeholders must be recognised or approved by the Ministry of Tourism, a State Government or UT administration. Borrowers may be individuals or specified business entities and cannot simultaneously retain ECLGS/LGSCATSS assistance.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Recognition/approval/registration evidence
  • Application and
  • Tourism business and liability records
  • Existing-lender relationship or new Scheduled Commercial Bank application
  • Security and charge documents

Related official documents

Loan Guarantee Scheme for Covid Affected Tourism Service Sectorofficial-product-page · historical-reference · accessed 31 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹20,833twenty thousand eight hundred thirty-three rupees
Interest paid over the full loan₹24,99,986twenty-four lakh ninety-nine thousand nine hundred eighty-six rupees
Everything you repay₹49,99,986forty-nine lakh ninety-nine thousand nine hundred eighty-six rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Purpose · Published detailRestart tourism businesses and discharge COVID liabilities

This value is copied from LGSCATSS complete parameters. Check the table notes before relying on it.

Source: LGSCATSS · Complete 15-parameter table Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 12 rows · 2 columnsLGSCATSS complete parametersView tableHide table

Scroll sideways to view every column

LGSCATSS complete parameters
ParameterPublished detail
PurposeRestart tourism businesses and discharge COVID liabilities
EligibleRecognised tourist guides and Ministry/State/UT-approved tourism stakeholders
ValidityUntil 31 March 2023 or ₹250 crore guarantees, whichever earlier
FacilityFund-based term loan only
Quantum₹10 lakh stakeholders; ₹1 lakh tourist guides
MarginNil
Rate7.95% p.a.
Repayment5 years including 1-year principal moratorium; interest payable
SecurityFinanced-asset hypothecation/mortgage; no additional collateral; second charge
Guarantee100% outstanding; unconditional and irrevocable; maximum 5 years
FeesNil guarantee, processing, foreclosure, prepayment and account-closure charges
Other chargesExtant service-charge guidelines
LGSCATSS · Complete 15-parameter table · accessed 31 Aug 2026Open official source ↗

More from Bank of Maharashtra

Related products

Chief Minister Employment Generation Programme (CMEGP)

Maharashtra's credit-linked subsidy programme for new micro and small enterprises, with project caps up to ₹50 lakh in manufacturing and ₹10 lakh in specified service/agro/transport activities.

View product

Capri Demand Loan to Farmers Secured by Gold (Co-Lending)

Bank of Maharashtra co-lending with Capri Global Capital for a demand agriculture loan secured by gold ornaments, from ₹25,000 to ₹5 lakh for 3 to 12 months.

View product

Capri Demand Loan to MSMEs Secured by Gold (Co-Lending)

Bank of Maharashtra co-lending with Capri Global Capital for a demand loan secured by gold ornaments, from ₹25,000 to ₹25 lakh for 3 to 12 months.

View product

Clix MSME Business Loan (Co-Lending)

Bank of Maharashtra co-lending with Clix Capital for banking-surrogate, -margin and reported-income loans from ₹8 lakh to ₹35 lakh for 12 to 36 months, repaid by .

View product