Loans Extended To Tourism Sector

TYBBI Loans extended to tourism sector
CHAPTER 1
INTRODUCTION TO TOURISM SECTOR
1.1. INTRODUCTION:
Today, tourism is one of the largest and dynamically developing sectors

of external economic activities. Its high growth and development rates,
considerable volumes of foreign currency inflows, infrastructure
development, and introduction of new management and educational
experience actively affect various sectors of economy, which positively
contribute to the social and economic development of the country as a
whole. Most highly developed western countries, such as Switzerland,
Austria, and France have accumulated a big deal of their social and
economic welfare on profits from tourism. According to recent statistics,
tourism provides about 10% of the world’s income and employs almost
one tenth of the world’s workforce. All considered, tourism’s actual and
potential economic impact is astounding. Many people emphasize the
positive aspects of tourism as a source of foreign exchange, a way to
balance foreign trade, an “industry without chimney” — in short, manna
from heaven. For decades tourism industry growth has been a major
contributor to increased economic activity throughout the world. It has
created jobs in both large and small communities and is a major industry
in many places. It is the dominant economic activity in some
communities. The slogan ‘AthithiDevoBhava’ which means ‘guests are
like God’ truly represents the fact that Indians have been highly
hospitable people and this trend is still present in modern India. A guest
is considered as highly revered person. Intricate arrangements are
generally made for a guest who visits somebody’s home for a holiday or
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other reasons. The family plans well for the comfortable stay of a guest.
More to this still the best crockery and bed sheets are kept in store room
just for the usage of the guests. Going through a broader picture, the
tourist visiting India find our country very enigmatic. They have a quest
to watch the villagers walk on the rope, eat the butter with rotis and
partake in the ritual dance after sunset. Foreigners love India as it is a
storehouse for art, culture, dance and drama. The ethnic culture is present
in clothing which attracts several shoppers who love to collect trinkets
and serious artifacts. Responsible tourism is conducted by way of giving
the tourist the right concept in tours. Their accommodation in government
lodges and private hotels is always a luxury. The importance to tourism is
essential as they carry the picture of our culture and hospitality. Our
courteous attitude reflects our inner self. On the economic context,
foreign currency in India can be gathered via tourism. Several tourist
spots do well throughout the year and in special seasons they perform
exceptionally well in tourism as the foreign and domestic tourists throng
the places for sightseeing or holiday trips. A trip for any visitor has to be
trouble free. With the betterment in information & technological
facilities, the stay of tourists has become more comfortable. Taxi cabs,
translation books and a dependable guide all make the trip interesting.
The hygiene conditions in the areas are improving as well as the
maintenance of hotels and8 tourist spots. Ministry of tourism is looking
for new ways to encourage tourism in India. It is very much essential for
a visitor to enjoy the stay and is enhanced by facilities like road transport,
guides and good hotels. Many hotels & restaurants have multi cuisines to
accommodate the choices of foreign and domestic visitors. Tour operators
have become more concerned about tourist plans. Complete details about
weather conditions, clothes required and facilities are given to the tourists
to help them prepare for a holiday.
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WHO IS TOURIST?
The person who is supposed to leave his/her hometown in order to visit a

different area for the purpose of leaving an experience of shopping,
entertaining, visiting, cultural & historical attractives having fun and so
on the condition that (subject to) she/he should return to his/her own
place, stay no longer than 12 months, make use of a tourist activity.
A person who is supposed to leave his/her hometown (permanent place)

on temporary, basis fort he purpose of seeking new experiences, having
fun & entertaining, doing sports, seeing cultural & historical places
(attractives) etc. On the condition that she/he should stay no less than 1
day and no longer than 12 months, make use of a tourist facility for
accommodation and spend her/his own Money trough their holiday.
1.2.FORMS OF TOURISM
 ECOTOURISM
Ecotourism is ecologically sustainable tourism with a primary focus
on unexperiencing natural areas that fosters environmental and
cultural understanding appreciation and conservation.
 SOFT ADVENTURE TOURISM
Requires a moderate led of physical involvement by participants and
are less physically challenging than hard activities
 HARD ADVENTURE TOURISM
Commonly involve a higher level of physical or rugged involvement
or a potentially greater personal challenge for participants and the risk
factor also increase
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4.SPECIAL INTEREST
WILDLIFE TOURISM
 Observation
 Photography
 Interaction
Travel directed toward experiencing the arts, heritage and
special character of unique places. Includes arts, cultural and
physical activities
1.3 Advantages And Disadvantages of tourism:
 ADVANTAGES OF TOURISM
Now -a-days, tourism is the flourishing industry. The advantages of

tourism includes employment opportunity, growth of service sector,
foreign exchange earning, opportunity for recreation, economic growth ,
cultural exchange, better international relations, enjoyment, better health
and wellness.
1.EMPLOYMENT :Tourism provides employment opportunity for

local people. Tourism industry is growing very rapidly in India
employing millions of people.
2. GROWTH OF SERVICE SECTOR: Services sector engaged in

tourism sector get the most out of tourism sector. A large number of
business engaged in service sector such as airlines, hotel, surface
transportation etc. Grows with the growth of tourism industry.
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3. FOREIGN EXCHANGE EARNING: Many tourist destination

attract a good number of foreign tourist. This helps the country earn
foreign exchange.
4. RECREATION: Travel based recreation provides relief from the

monotony of daily routine. A change in place and climate helps a
traveller to recharge mind, body and spirit
5. ECONOMIC GROWTH: Tourism helps in the development of

economy of a country. It helps in the overall GDP development of a
country. It helps the local people to earn their livelihood. The tourist
spends lavishly during vacation. The local people engaged in assisting
the tourist earn a good income.
6. MEET NEW PEOPLE: It helps the local people to get in touch

with the people and country. It also helps building international relation.
7. CULTURAL EXCHANGE: Tourism gives opportunity to

people of various cultures to assimilate together. People belonging to
various cultures meet together and understand each other. This gives
them an opportunity to build respect for each other. Hence, it fosters
cultural harmony.
8. HEALTH AND WELLNESS: Many people visit other places for

the purpose of getting treatment for diseases, improving health and
prevent diseases. This is called Medical and health tourism. Wellness
tourism aim at achieving complete developmental, psychological and
physical well-being. There are many tourism destinations offering yoga,
aerobics, and other therapies for improving health and wellness.
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9. FUN AND ENJOYMENT: Many people travel for fun and

enjoyment. They simply do whatever excites them, or gives them
enjoyment.
10. SPEND TIME WITH FAMILIES: The life of modern people

hectic. They are too busy in their professional life. There is immense
pressure even on children. Hence, such people plan for a holiday trip to
spend quality time with their families.
 DISADVANTAGES OF TOURISM
The disadvantage of tourism includes increased expenditure, time

consuming, environmental hazards, loss of architecture and ecological
balance, increase in waste products, damage to wild-life, and disruption
in socio-economic and cultural setup.
1. Tourism involves huge expenditure on part of the tourists. Travelling

costs includes vehicles hire charges, hotel and resort rent, food cost, etc.
This increase the overall spending of the person.
2. You need to take out few days out of your busy schedule to visit tourist
places. Hence tourism is often time-consuming.
3. Leisure trips are good for health, mind and body. However, hectic trips
may cause stress and effect health.
4. It may also lead to environmental hazards such as environmental

pollution due to use of cigars, plastic bags.
5. In order to attract more tourists and earn more profits sprawling resorts
are built cutting down thousands of casuarinas tress beside sea beaches.
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6. These resorts destroy both scenic beauty of the place by paying no

attention to local architecture and ecology.
7. As a result of indiscrimate construction of high-rise building and

infrastructure facilities, the provision of water supply and waste disposal
facilities may get disrupted.
8. Famous tourist spots the economy of state.
9. Damage to wildlife parks is a visible phenomenon. The ground

vegetation may suffer due to the tourist’s shoes. Food habits of animals
impaired
10. Due immense changes, pollution, and dirt, the landscape may lose its
scenic beauty.
11. Tourism may have damaging socio-cultural effects. Local people

demean themselves to earn more or imitate alien culture, new lifestyles,
and foreign culture, attract an inflow of residing population. This may
lead to an increase in demand for residential houses, roads, and food for
permanent population. Under such situation, an increase in tourist
activities beyond certain level may adversely affect.
SOLUTION
1. Green tourism: Tourism should be promoted with care. Once the

natural beauty and human -made beauties are lost, tourism loses its
charms and attraction and will collapse. The benefits of tourism will stay
only if due care is taken for the longevity and survival of natural
environment. So, today environment friendly or green tourism are being
introduced by tourism industries.
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2. Avoid: Ecological imbalance and health hazards: We should keep

tourism within planned limits. Every care should be taken to avoid
ecological imbalance and health hazards.
3. Preserve: local culture and tradition: Tourism must not play have with
tradition and protected societies. New technique high teaches
communication may bring cultural setbacks, degradation to preserved
communities.
1.4.OBJECTIVES OF TOURISM DEVELOPMENT
This section will show why tourism is so important to the different

organisation involved in tourism development. Each organisation has
different objectives have different objectives and these can be classified
as follows: Economic, environmental, socio-cultural and political.
 ECONOMICS OBJECTIVES
Tourism is the world’s largest industry and one of the objectives of

tourism development in economic gain. This is not a narrow matter of
tourism services making a profit. In economic term the travel and tourism
industry is able to do three key things
1. It gives vigour to economies

2. It offers People job and career prospects
3. It Stimulates development
 ENVIRONMENTAL OBJECTIVES
The saying ‘tourism destroys tourism is well known: protection of the

environment is essential in areas that are subject to damage by tourist
numbers. The main environmental objectives of tourism are as follows:
1. Habitual preservation.
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2. Regeneration and conservation of the build and natural

environment.
3. Environmental education.
4. Environmental improvements.
 SOCIO-CULTURAL OBJECTIVES
You need to be aware of and understand how tourism how tourism

development can affect the lives of people who lives in the tourist
destination. Tourism brings people of different countries together and we
all need to increase our awareness and understanding of different
cultures. Tourism can generate income and ovide funds to keep
traditional cultures alive and to improve the quality of life for the host
population. The main socio-cultural objectives of tourism development
are:
 To promote understandings of different cultures

 To improve quality of life for the local population
 To provide community facilities as well as tourist facilities
 To develop a sense of pride in traditional culture and identity
 POLITICAL OBJECTIVES
Governments can have a influence on the patterns of travel not
only directly, through their policies but also indirectly through their
wider activities and the political climate that they promote.
Changes in the political climate that they promote changes in the
political system in Eastern Europe, South Africa and the far East
have led to greater freedom of movement for travellers. Investment
by governments in the infrastructure of countries such as the
United Arab Emirates has also led to an increase in visitor number
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and visitor spending. Beyond the economic and environmental

objectives considered above, political objectives can include the
following.
1. Enhancing the image of an area
2. Creating a regional or national identity
To promote healthy relationship among individuals who are

actively engaged in tourism related business through useful
interaction, organising regular meeting and cultural and social
activities. To set up education institution and other institution
which create an environment for offering various course in tourism
and get approval from university or other institution for conducting
such course? To Institute awards, prises and gifts for encouraging
tourism. To establish a printing and publishing houses or other
bring out periodicals, magazines and books. To do all other lawful
acts, as are necessary for incidental to the attainment of the aims
and objectives of the society. To provide medical insurance and
other welfare schemes to tourism related person. To accept
donations in cash or in kind, grand and collect subscription fees
and other charge for the services rendered by the society and take
and raise funds by way of loans or otherwise and the receipts shall
be solely utilised and applied towards the promotion of aim and
objectives of the society.
To encourage proactive participants and involvement by all

stakeholders including government bodies, private sector, tourism
organisation, local communities, NGOs, youth clubs etc. At all
stages of tourism life cycle. To conduct research on different
aspects of responsible and community based tourism, make
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suitable plans and strategies and implement responsible tourism

projects.
1.5. Purpose of Travel:
 Business:
 Primary Activities
1. Conventions
2. Consultation
3. Inspections
 Secondary Activities
1. Dining out
2. Recreation
3. Shopping
4. Sight seeing
5. VFR
 Visiting Friends and Relatives:
1. Socializing
2. Dining in
3. Home entertainment
1. Dining out
2. Physical Recreation
3. Shopping
4. Sight Seeing
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5. Urban entertainment
 Other Personal Business
1. Shopping
2. Religious visit
3. Medical appointment
1. Dining out
2. VFR
 Pleasures
1. Recreation
2. Sight seeing
3. Dining out
1. VFR
2. Conventions
3. Business
4. Shopping
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1.6. Impacts of Tourism
IMPACTS OF TOURISM
1. Positive Imapacts:
 Foreign exchange earnings
 Contribution to government earnings
 Generation of employment
 Balance of payment/ Trade account balance
 Stimulation of infrastructure investment
 Contribution to local economy
2. Negative Impacts:
 Inflation
 Opportunity cost
 Dependency
 Seasonality
 Leakage
 Enclave tourism
 Seasonal character of job
 Prostitution and the underground economy
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CHAPTER 2
TOURISM IN INDIA
2.1. INTRODUCTION
India can always boast of its rich cultural heritage. Travel

and Tourism in India is an integral part of Indian tradition and
culture. In ancient times, travel was primarily for pilgrimage –as
the holy places dotting the country attracted people from different
parts of the world. People also travelled to participate in large scale
feasts, fairs and festivals in different parts of the country. In such a
background, cultural tradition was developed where ‘Athithi Devo
Bhava’ (the guest is god) and ‘Vasudhaiva Kutumbakam’ (the
world is one family) became bywords of Indian social behaviour.
Since times immemorial, the rulers in different parts of India built
luxurious palaces, enchanting gardens, marvellous temples, grand
forts, tombs, and memorials. These bear testimony to the exquisite
inheritance of this land, and are examples of unparalleled
craftsmanship of the people of the bygone ages. The beauty of
India’s cultural heritage and the richness of nature’s endowments
make India tourists‟ paradise. Pandit Jawaharlal Nehru often
remarked, “Welcome a Tourist and send back a friend”. That was
the essence of India’s approach to tourism in the post-
Independence era. Tourism was seen as an important instrument
for national integration and international understanding. The
dimensions of tourism changed as trade and commerce developed.
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The spice trade brought India in contact with the world more than
before. The silk route trade also opened up India’s immense
cultural heritage and natural beauty to the world outside. The
establishment of the Indian Railways by the British, modernization
of the ports, development of hill stations- all these added to the
growth of the Indian tourism industry in the 19th and early parts of
the 20th century. The growth of modern, organized tourism
however was slow. Systematic information, even if inadequate, has
been available only during the post – Independence era. It was only
after the 80s that tourism as an industry picked up speed.
2.2.Nature and State of International Tourism in India
Today tourism is the largest service industry in India with a contribution

of 6.23% to national GDP and providing 8.78% of the total employment
in the year 2011. On an average 53 more than 5 million foreign tourist
arrivals and 562 million domestic tourists visits are witnessed by India
annually. India is ranked 68 among the world’s 139 most attractive
destinations and scores very high on natural resources (ranked 8th) and
cultural resources (24th); with 30 world heritage sites and strong creative
industries in the country. India’s air transport network is ranked 39th, the
ground transport infrastructure however remains underdeveloped
(ranked43 rd).India is ranked first with regard to tourism air attendance.
The promotional campaigns and marketing strategies to attract tourists
remain average (ranked53 rd). The World Economic Forum study states
that India also benefits from excellent price competitiveness, ranked 6th
overall, with low ticket-taxes and airport charges along with low prices in
the economy as a whole. These rankings are based on the Travel &
Tourism Competitive Index (TTCI) 2011, which measures the different
regulatory and business related issues. Moreover, India has been ranked
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the “best country brand for value for money” in the Country Brand Index
(CBI) survey conducted by Future Brand, a leading global brand
consultancy in the year 2011. India also claimed the second place in
CBI’s „best country brand for history‟, as well as appears among the top
5 in the best country brand for authenticity of art and culture and the
fourth best new country for business. India made it to the list of „rising
stars‟ or the countries that are likely to become major tourist destinations
in the next five years, led by the United Arab Emirates, China and
Vietnam.
Organizations Involved in Tourism
The various organizations engaged in the development of tourism in India

are: 1. Department of Tourism department is responsible for promotion of
India as a tourist destination, development of tourism infrastructure and
facilities in the country and performing regulatory functions in the field
of tourism. It has four regional offices at Delhi, Mumbai, Kolkata,
Chennai and a sub-regional office at Guhawati. The regional offices
supervise the working of other tourist offices situated at different places
throughout the country. The head of department is a Director General
who has under him Additional secretary and also Additional Director
General tourism and market research. To assist the Additional secretary, a
Joint Secretary and Financial Advisor are also appointed. The department
independently formulates the policies and liases with central and state
government departments and local bodies in discharging their duties. The
area of operations of the department are classified into various headings
which include planning and promotions; publicity and conference; travel,
trade and hospitality; accommodation; wildlife and additional
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accommodation; market research and administration. During the course

of the discharge of its duties the department of tourism interacts with
advisory committee on Indian Airlines, Indian Board for wild life,
Governing body of the Institute of Hotel Management catering
Technology and Nutrition –New Delhi, Central Advisory Board of
Archaeology, Indian Tourism Development corporation, Export Import
Advisory council, Central Post and Telegraph Advisory Council and so
on.
2.3.Organisations for international tourism
1. Overseas Organizations: In order to position India as a preferred

destination in the global market, 18 offices are established in USA,
American countries, Canada and other Gulf countries. These offices
function under the supervision of a regional Directorate office in New
York, USA. A separate Directorate of Tourism office is established in
Geneva to look after and monitor the functioning of tourist offices in
London, Paris, Frankfurt, and Brussels. Most of the overseas promotional
programs are organized with Air India and these are termed as „operation
schemes.‟For the first time in 1968 a scheme named „Operation 59
Europe‟ was launched to promote Indian tourism in Europe. It was
launched in partnership with Air India, which has extended financial
support to its offices across Europe. In due course of time, several such
schemes were launched due to the success achieved in these schemes, to
give the much needed push to Indian tourism. From a modest beginning
in 1949, the tourism has passed through several stages to reach the
present stage of national and international presence. Several expert
committees, councils and boards were appointed to study and submit their
recommendations, which have contributed to the development of the
sector.
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 India Tourism Development Corporation (ITDC)

India Tourism Development Corporation was established in
October 1966. ITDC performs following activities:
Construction, management and marketing of hotels, restaurants
and travelers lodges at various places in the country. Provision
of tourist publicity materials Provision of entertainment
facilities in the shape of sound and light shows, music concerts
etc. Provision of shopping facilities in the shape of duty free
shops and Provision of consultancy cum managerial service in
India and abroad.
 Indian Institute of Tourism and Travel Management
(ITTM)
ITTM was set up in January 1983 with registered office at New Delhi. It
offers different level academic courses in tourism and travel management
and related areas. It has embarked upon a series of alternative educational
courses for supervisory and grass root level workers of the industry.
 National Council for Hotel Management and Catering

Technology
It acts as an apex body to coordinate training and research in hotel and

catering management. Its head office is in New Delhi. It is the main
agency for planning and monitoring the activities of 15 institutes of Hotel
Management and 15 food craft institutes and ensures uniformity in
academic standards and procedures for selection and admission of
candidates for various courses conducted by these institutes. 60
 Tourism Finance Corporation of India Ltd.(TFCI)
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TFCI sponsored by IFCI (Industrial Finance Corporation of India) was

set up in April 1988 and it started its functioning from February 1, 1988.
TFCI is set up with a view to provide institutional assistance to tourism
projects other than those in the accommodation sector. In addition to the
above mentioned organizations at the central level, the state government
and union territories have their own Department of Tourism, Tourism
Development Corporations and other institutions or organizations formed
for the purpose of helping the development of tourism industry in their
areas. Besides these, various agencies such as Department of
Archaeology, International Airport Authority of India, Indian Airlines,
Vayudoot, Indian Railways, Custom Department, Reserve Bank of India,
Forest Departments, Handloom and Handicrafts Boards and Corporations
and Individual level agents , hotel and tour operators are engaged in the
promotion of tourism in India.
PEAK SEASONS FOR TOURISTS ARRIVAL IN INDIA:
The table 3.3 below shows the peak season of foreign tourist
arrivals in India. It clearly indicates that India’s fairs and festivals attract
tourists from various corners of the world and the period from October to
March is the peak season of foreign tourists‟ arrivals in India.
2.4. Tourism Attractions in India:
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India is a country popularly known for extending its lavish

hospitality to all visitors, no matter where they come from. Due to its
belief in the philosophy of “VasudevaKutumbkam‟ its visitor friendly
traditions, varied life styles, vast cultural heritage and colourful fairs and
festivals, it holds multiple attractions for the tourist. The other attractions
include beautiful sun drenched bathing beaches, forests and wild life,
majestic rivers, glorious architecture, fascinating fauna and flora and
beautiful landscapes for ecotourism, snow clad mountain peaks etc for
adventure tourism, technological parks and science museum for science
tourism, centres of pilgrimage for spiritual tourism, heritage trains and
hotels for heritage tourism, yoga, ayurveda and natural health resorts and
hill stations also attract tourists. Indian handicrafts particularly jewellery,
carpets, leather goods, ivory and brass work are the main shopping items
of foreign tourists. Despite the economic slowdown, medical tourism in
India is the fastest growing segment of tourism industry. Factors such as
low cost scale and range of treatments provided in the country add to its
attractiveness as a medical tourism destination. The major tourist
attractions in India can be explained by dividing India into four zones.
The major tourist attractions for foreign tourists in North India are New
Delhi, Agra, Shimla and Dehradun. New Delhi is the capital city of 63
India and has a rich cultural past. Red Fort, India Gate, QutubMinar,
Jama Masjid are the important places for tourism in Delhi. Agra is the
city of TajMahal and one of the greatest spot for tourist attractions in
India. Shimla is a splendid hill station in the Himalayas. Dehradun, the
capital of Uttranachal is famous for its fantastic scenery. In East India the
major tourist attractions are Kolkata, Guwahati, Shillong, Patna,
Jamshedpur, Allahabad, Varanasi, Bhopal. Kolkata –a heritage city and
the cultural capital of India. Many places to visit in Kolkata are Victoria
memorial, Fort William, Nanda theatre, Race Course, National Library,
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Eden gardens, Botanical gardens, Allipur Zoo. Guwahati is an important

base for tourism in the region. Shillong is the capital of Meghalaya and
famous for its breath taking lush green landscapes. Patna is one of the
oldest cities in India and famous for its historical relics. Jamshedpur is an
important industrial township, home of Tata industries. Allahabad is the
city of Prayag and the world famous fair-Kumbhmela. Varanasi is the
most auspicious city of the Hindus, famous for its temples and Ghats.
Bhopal is the capital of Madhya Pradesh and an important center of
Tourism. In West India the major tourist attractions are Mumbai, Panjim
and Udaipur. Mumbai is the commercial capital of India and the city that
never sleeps. Panjim the capital city of Goa is famous for its Golden
beaches and pristine waters. Udaipur is famous for its floating palaces in
the middle of Lake Pichola. In South India the most important tourist
sites are Kerala, Chennai, Bengaluru, Cochin, Trivandpuram and Ooty.
Kerala, known as „Gods own country‟ is very famous among tourists for
its lush greenery, coconut canopies and exotic beaches. Chennai is the
automobile capital of India. Bangalore the silicon valley of India is
famous for its software companies and has a pleasing weather round the
year. Trivandpurum is the city of the famous Kovalam beach. Cochin is a
coastal city famous for its historical relevance. Ooty is a fabulous hill
station in the Nilgiris famous for its verdure valleys.
SERVICE PROVIDERS OF TOURISM INDUSTRY IN

INDIA:
In India, Indian Association of Tour Operators (IATO) (established in

1982) is the apex body of the tourism industryhaving1100 members
covering all segments of tourism industry. IATO has international
acceptance, and linkages. It has close connections and constant
interaction with other tourism associations in US, Nepal and Indonesia,
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where USTOA (United States Tour Operator Association), NATO (Nepal

Association of Tour Operators) and ASITA (Association of Indonesia
Tour and Travel Agencies) are its member 64 bodies and is increasing its
international networking with professional bodies for better facilitation to
the international traveller visiting not only India but the entire region.
IATO interacts closely with all Government Ministries/Departments,
Chambers of Commerce and Industry, Diplomatic Missions etc. on all
critical issues affecting the tourism industry in India with the highest
priority to tourism facilitation. IATO has five categories of membership:
Active, Allied, Associate, International and Honorary. All its active
members are recognized and approved by the Indian government's
Department of Tourism and should have at least three years‟ experience
of handling international tourists to India, before being admitted to the
IATO fraternity. All IATO members observe the highest standards of
professional ethics and offer personalized service to their clients. IATO's
affairs are managed by an Executive Committee, elected by the active
members every two years. The Executive Committee is headed by the
President with a team of six office bearers and 9 executive members. The
Executive Committee meets every month to discuss current tourism
industry and membership issues. IATO networks through its State Level
Chapters at the local level where all local issues are handled at the
appropriate level.
2.5. Objectives:
The major objective of the study are to make geographical

investigation of tourism . Following are the specific objectives:
1. To examine the factor which are responsible for the development

of tourism in the study region.
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2. To access the transportation and accommodation facility in the

study region.
3. To access the socio cultural impact of tourism upon few tourist
places.
4. To identify new locations having tourism potential and to suggest a
strategy for development of concerned tourist places.
5. To explore the major problems of tourist places in the study region
6. To suggest a remedial measures for development of tourism in
study region.
2.6. Benefits Of Tourism:

The key benefits of tourism are economic, socio-cultural, and
environmental.
1. Economical Benefits:
Tourism can provide direct jobs to the community, such as tour

guides hotel housekeeping. Indirect employment is generated through
other industries such as agricultural, food production and retail. Visitors
expenditure generates income for the local community and can lead to the
alleviation of poverty in countries which are heavily reliant on tourism.
Economic diversification is important to areas where may be a

concentration of environmentally damaging industries such as mining or
manufacturing. Infrastructure development such as airports, roads,
schools, hospitals, and retail areas have the potential to benefit the local
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community and can aid economic development by allowing more trade

and better flow of goods and services.
2. Social Benefits:
Tourism can bring about a real sense of pride and identity to

communities. By showcasing distinct characteristics of their ways
of life, history and culture, tourism can encourage the preservation
of tradition which may be at risk.
3. Environmental benefits:
Tourism provides financial support for the conservation of
ecosystem and natural resource management, making the
destination more authentic and desirable to visitors. It also
adds more value to the local tourism business.
CHAPTER 3
TRAVEL SCHEMES OF BANKS
The best option hitherto for tour and travel is the tour loan scheme which
provides for travelling now and paying later in installments which falls
easy on the middle class people. On the one hand are the tour and travel
companies of the likes of 'Cox & Kings' and 'SOTC', which have tagged
up with the financial institutions to offer tour plan on easier terms and
conditions, on the hand, Banks, apart from their old personal loan scheme
have come forward offering special tour and travel loans in the segment.
There is no doubt in it that the easy installment schemes, no matter how
attractive they appear cannot compete with the cash payment option. For
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example, a trip to Malaysia or Singapore would cost you around 45

thousand (1 dollar = 47 rupees). But when you take the travel loan of 36
months duration, your EMI will come down to 1600 rupees + 500 rupees
processing fees. Thus the total cost of your trip would fall around 58,000
rupees i.e. 1300 in excess compared to the cash payment. \
3.1. SCHEMES OF THE TRAVEL COMPANIES
Most of the companies in conjunction with the financial institutions offer

travel loan@ 16 % per annum for a period of 12-36 months. Yu will have
to furnish papers relating to your income tax and residence. This loan
covers Air fare, boarding expenses, food travelling cost of the viewable
places. Processing fees has to be paid in addition. SOTC, one of the
companies, introducing the 'Holiday now, pay later scheme' has tied up
with Kotak Mahindra Bank where after the receipt of 1000 rupee of
application fees along with all the required papers, the loan processing is
completed within 72 hours. The interest rate of loan is 16% pa while the
duration is 12-36 months.
Thus along with SOTC, one tour to Europe of a duration for 10 days
would cost 49900 rupees per adult. The EMI would come down to 1742
rupees. You will have to deposit two installments in advance. 'Cox &
Kings' has a tie up with UTI Bank which provides travel loan for a period
of 12-36 months at 15 % rate of interest. It takes 7 days to complete the
processes here. Apart from the package investment, you will have to pay
10,000 rupees per adult as refundable deposit and the uniform processing
fees of 500 rupees. Avery old travel company has started a holiday
package recently going by the name of 'Gaurav Yatra' especially for the
Guajarati-Marwari customers. In this tour made completely vegetarian for
25
19 days and 18 nights, the tourists get the opportunity of touring 10

European countries. These countries are:-
1. Germany,
2. UK
3. Holland,
4. Austria,
5. Switzerland,
6. Italy,
7. France,
8. Belgium,
9. The Czech Republic and,
10.Morocco.
3.2. TRAVEL SCHEMES OF BANKS
Some government Banks too have joined the race on account of the
expanding market of the travel segment. As for example, Bank of India
has launched the 'star Holiday travel plan' under which, loans are paid for
touring, pilgrimages and travelling within and outside the country. The
loan comprises of three categories of amounts- 2, 5, and 10 lacks. The
loan of 2 lacks is without any security and its rate of interest is 13.25 %.
The loan of 5 lacks needs partial security and its rate of interest is 12.75
%. And the loan of 10 lacks needs full security as its collateral the rate of
interest of which is 11.75 %. Loan covers full package which includes the
air fare, boarding cost, travelling cost of all the viewable places of
importance. The duration of the loan is for 2 years which could be
extended for a period of a year in special cases. Salaried class employees,
professionals, businessmen, high strata people, farmers, pensioners AND
own Banks' employees could avail.
26
In order to avail the loan from the 'ShubhYatra' scheme of Indian

Overseas Bank, total domestic income should be 1.2 lacks. The rate of
interest is 14.5 % and the maximum duration is 36 months. Interest is
charged at every reducing balance of the principal amount. The Banks
extend a payment grace period of 3 months.
Similarly, the Indian Bank has launched a special discount package offer
going by the name of 'Happy Holidays' in which, either for treatments or
for travelling in or abroad countries, loan is provided at the rate of interest
of 12.5 % pa.
Similarly, SBI has easy travel loan scheme made available for:-
 State and Central governments employees,
 Employees working in the offices of public undertakings/ semi
undertakings.
 Employees of reputed firms and the MNCS.
The loan amount to be sanctioned is minimum 24000 and maximum 12

times of the one month's salary of the employees. The rate of interest
is14.5payable in 48 equated monthly instalments. 1 % of the total payable
amount is deducted as loan processing charge.BOB (Bank of Baroda) has
similar scheme for tours and travels @ 16 % interest for duration of 3
years subject to a maximum of 10lacks of rupees. No margin money is
required for the loan amount of 5000 rupees.
3.3.OTHER TRAVEL LOAN OPTIONS
Loan without security/ guarantee: This category Apart from the options
available as stated already above, there are other options too. There is the
provision of a personal loan the Banks extends to its account holders
which could be taken to be utilised in travelling. Some details of such
27
loans are being given below: of loan is available for the individuals living
in metro cities between the ages of 21-60 years whose income is
minimum 1.2 lacks pa for a duration of 1 to 3 years subject of extension
in duration under special cases. There is no need to furnish any
guarantee/security against this. Its documentation and processing is
simpler. A good credit card record is also accepted. Its greatest
shortcoming is its effective interest rate which is too much on the higher
side. Its effective rate of interest remains 18-21 % compared to the rates
of 15 % of travel loans available elsewhere. Two EMIS are deducted at
the source itself in advance. Besides, Banks deduct 1-2 % of the total loan
amount in the name of processing fees.
Loans with securities :

To gather up funds for touring and travelling, some other better options
are by pledging the securities of the likes of the listed shares, RBI Bonds,
Banks' Fixed Deposits or gold loan. Its rate of interests is lower-11-12 %.
The loan taken as overdraft from the Banks is rather much more flexible.
You can repay this later also in one go in place of depositing it in
monthly instalments provided you pay the quarterly interests on time.
You have to pay interests only on amounts withdrawn from your account.
3.4.What is Travel on Banks' guarantee:

You can take travel loan from a commercial Bank by furnishing the
security/collaterals equivalent to the Banks' loan amount but this is not an
easier option though.
28
3.5. How to get Bank Guarantees in India:

A Bank Guarantee is a guarantee from a bank in which the Bank
would fulfill the obligations of the debtor, If the debtors fails to do so.
Bank guarantees is thus a mechanism wherein a third party performs a
due-diligence and accepts responsibility ob behalf of the debtors- for a
consideration Bank guarantees are part of doing business and is required
for various business transactions. In this article, we look at the bank
guarantees in India and the procedure for obtaining bank guarantee
Bank Guarantee Overview

Bank guarantee guarantee an amount of money to a
beneficiary if the bank guarantee applicant does not fulfill the
conditions in a contract. Bank Guarantee are mainly used to
insure a buyer and seller from loss or damage due to
nonperformance by the other party in a contract.
Types Of bank Guarantee:

There are various types of Bank Guarantees as follows
and each is used for a specific type of transactions.
 Performance Guarantee
Performance guarantee is used as collateral in transaction
involving a buyer and seller. A performance guarantee is
typically involved if the buyer incurs cost and the seller does not
deliver goods or services as promised in the contract. To invoke
a performance, the beneficiary is generally required to declare in
29
writing that the seller did not fulfil his or her contractual
obligations properly or on time
 Bid Bond Guarantee
Bid bond guarantees are typically used in tenders to ensure that
the winning bidder undertakes the contract as per the terms of
their winning bid. In case a winning bidder does not perform the
tender requirements as stipulated, then the tender issuer can
invoke the bank guarantee and fully or partially forfeiture the
aount. Therefore, bid bonds are used to ensure the winning
bidder perform as per the tender after winning the tender.
 Financial Guarantee
Financial guarantee is an undertaking from a bank to take
responsibility for another company’s financial obligations if that
company does not meet its responsibility. Financial guarantee
are mostly given between two related parties, i.e., a partner
company providing financial guarantee to a subsidiary company.
 Advance Payment guarantee
An advance payment guarantee is used to protect the protect the
advance payment made by a buyer to a seller. In case the seller
fails to deliver goods or services as per the terms and conditions
of a trade transactions, then the buyer can invoke the advance
payment guarantee to recover full or partial advance payent
made to the seller. Advance payment guarantees are udes in
international trade transactions and domestic transaction
wherein large advances payment are made to a vendor.
30
 Foreign Bank Guarantee

Foreign bank guarantee are used in international trade. Foreign
bank guarantees are those guarantee issued for the benefit of a
foreign beneficiary.
How To Get Bank Guarantee In India

Banks in India issue guarantee in return for a guarantee
fee. Prior to providing bank guarantee, the banker will under
take a diligence applicant and may also request fo collateral
security. The following are some of the documents required by a
bank to process a bank guarantee applicant.
 Request letter and counter indemnity cum Memorandum
relating to charge over fixed deposits duly stamped
( Franking as per respective State Stamp Act)
 Bank Guarantee tax.
 Board Resolution for Private Limited Company
CHAPTER 4
INDIA A GLOBAL TOURISM – YES BANK
4.1. Introduction: key figures and statistics
31
The tourism sector in India has the potential to induce sustainable

development at grassroots. With innovative institutional innovational
mechanism and conducive policy environment, tourism can be the
backbone of our country.According to 12 five years plan, India has
tremendous untapped potential to attract foreign and domestic tourist, and
is well assessed for its natural resources, air transport capacity and ground
transport infrastructure. However, India lacks behind drastically in some
key parameters like safety and security, health and hygiene which prove
to be detrimental to the country’s image. As can be seen from the table,
there is still immense ground to cover in terms of creating a conducive
policy and infrastructure for tourism to flourish.
4.2. Growth in foreign tourism of yes bank
1. Expand implementation of clean Indian Campaign, rapidly develop

public utilities and emenities.
2. Measures for safety and security of tourists, especially female

travelers. Ministry led aggressive campaign to mitigate the negative
perceptions.
3.Resolve taxation bottlenecks.
4. Increase the Bandwidth of Visa on arrivals ( VOA).
5. Aggressively promote MICE.
YES BANK , India’s fourth largest private sector Bank, is the outcome of
the professional and entrepreneurial commitment, vision and strategy of
its Founder Rana Kapoor and his top management team, to establish a
32
high quality, customer centric, service driven, Private Indian bank

catering to the future businesses in India.
YES BANK has adopted international best practices, the highest

standards of service quality and operational excellence and offers
comprehensive banking and financial solutions to all its valued
customers. YES BANK has knowledge driven approach to banking and
superior customer experience for all its retail, corporate and emerging
corporate banking clients. YES BANK is steadily evolving its
organizational characters as the professional’s bank of India with the
uncompromising Vision of “Building the best quality bank in the world in
India by 2020”
4.3. Increasing inbound tourism share
The government of India has an ambitious target of increasing foreign

arrival growth from the existing 8 percent to 12 percent annual growth by
2017. The tourism infrastructure and skilled manpower are major areas of
concern. AS per current estimates, nearly 2.8 million employees for hotel,
creating a short fall of 2.7 million employees in the tourism sector.
An important point to consider while looking at the tourist figure growth

is also to look at the purpose of travel. It has to be observed that while the
tourist arrivals are experiencing positive growth, the percentage of the
“pure tourist’’ , or tourist coming in for ‘leisure and Recreation’ account
for less than one-third of the total arrivals, the figures being dominated by
Visiting Friends and Relatives (VFR) and business Traveller categories.
For Tourism to aggressively grow as a sector , it is imperative that we
increase the share of leisure Traveller coming into the country.
33
4.4. Meeting the demands for tourism Industry
While a slew of measures are being undertaken to increase foreign tourist

arrivals into the country, equal attention needs to be given to the
Domestic Tourism Segment, which is an important contributor to the
Tourism sector . In 2012 domestic tourist grew bt nearly 20% to 1,036
million . In addition to revenue generation , domestic tourism is great
enabler of social-cultural harmony and national integration.
With increasing disposable incomes, modernized lifestyles and better life
quality, the leisure and recreation segment in tourism has emerged as the
biggest attraction for the domestic tourist in recent years. Tourism has bec
ome source of rejuvenation to the urban middle class city dwellers. With
more studies showing that children are better off with quality time spent i
n parent’s company, the strata is becoming more prone to short but multip
le holidays. The requirement is evolving around varied destinations along
with affordability and connectivity.
With destinations, interests and economic scenarios constantly

evolving, the demography of
domestic tourist is also changing. While religious and social visits will al
ways remain the biggest
reason for domestic travel, now cross cultural exchange between destinati
ons are more commonwith Indians realizing the options of tourism produ
cts that the sheer geographical and cultural diversity of India offers.
4.5. Leveraging outbound tourism
34
The robust economic growth that the country has observed during the
past two decades can be attribute to the rise in number of outbound
travellers. To leverage outbound tourism south and South Eastern Asian
countries, like Singapore , Thailand, Malaysia, Nepal, and Sri Lanka are
offering travel packages at highly competitive price points, often under
cutting domestic packages like Goa, Kerala, Andaman and Nicobar and
Lakshadweep.
Another interesting aspect to note here is that while relatively expensive

destinations in Europe and America are not very attractive to the
individual tourist, these are being developed as MICE Destinations along
with Australia and South Africa.
4.6. TAXATION
The tourism industry is overtly burdened with multiple, and sometimes
overlapping taxes. Apart
from Service Tax, product operations often entails taxes like entertainmen
t tax, GST , some of which
are an unnecessary burden, and become an entry barrier for potential entr
epreneurs. There is an
urgent need to relax tax barriers in the sector. Some specific recommendat
ions on this aspect are as under.
• Relook at the Service Tax structure on FOREX in Tourism
• Avoid duplication of service tax in intra-
sector service exchanges, e.g. tour operator to tour
operator, tour operator to transport operator etc.
• Remove taxation on individual components of tour packages if

Service Tax on the consolidated package is being paid.
35
• CENVAT credit should have abatement option.
Visa On Arrival (VOA) and e-Visa
The visa procedure of any country play a major role in determining

the tourist footfalls. The Government, during the past few years, has
laudably introduced a slew of new initiatives and extended the band of
countries coming under the VOA regime. However, if we are to
realistically look at achieving the target of 10 percent growth in FTAs,
this band needs to be extended even further. Through aggressive joint
efforts from the MEA, MHA, and MOT. Trained workforce is
required to explain rule and procedure s, disseminate information and
resolve queries both for the traveller as well as the industry.
4.7. SAFETY AND SECURITY
Safety & security play an important role to make India a global tourism po
wer house. While the
Chamber agrees that we have a long way to go to ensure safety for each a
nd every citizen and guest
of the country, it strongly believes that aggressive and innovative advertis
ing and campaigning, akin
the Incredible India campaign, should be carried out to mitigate the adver
se negative perception.
Some suggestions by the chamber to improve the safety ecosystem are as
under
• Plans of the Government of India to deploy exservicemen and re-
introduction of Tourist Police needs to be re-
examined. The states should be able to fund this with policy guidance
from the Centre.
36
•
‘Safe and Honourable Tourism’ needs to be promoted through the commu
nities. We can
expect positive change if and only if the community is involved as an acti
ve stakeholder.
• More women tourist guides need to be trained.
4.8. Policy Enrichment, Emerging Avenues and Niches
The Government has identified tourism as one of the sunrise sectors for In
dia which can serve the
dual purpose of not only earning foreign exchange as well as disposable d
omestic income but also
boosting inclusive growth. Tourism has remained one of the mainstays of
Indian economy and acted
as an instrument of economic development and employment generation, p
articularly in remote and
backward areas. Rich history and cultural and geographical diversity mak
e India internationally appealing and diverse.
•
In the past few years, as visitor numbers have grown in both the domestic
and international segments, new niches in Tourism like Adventure Touris
m, Agritourism, MICE have emerged,
there is an urgent need to a comprehensive development and management
framework to
ensure last mile benefits are delivered and there is sustainability in growth
of these avenues.
37
•
In the initial stages, it is imperative that these niches be classified through
short, medium and long term strategies so that appropriate focus on each
avenue is given a suitable time period. Market Research and Tourism stati
stics including Tourism satellite accounts may prove to be effective tools
for policy formation at National, Regional and Local levels. International
professional agencies may be deployed to collect more realistic data on v
arious tourism parameters.
Meetings, Incentives, Conventions and Expositions

(MICE):
Asia is the emerging destination for MICE activities particularly

meetings, as almost 19 per cent of total
International meetings are shared by Asia while it has only 10 per cent of
organizations (i.e.
MICE buyers) which have its Headquarters in Asia (International Congre
ss and Convention Association, ICCA).
It indicates that Asia has tremendous potential as a MICE supplier and In
dia may take a leaf out of its
South East Asian counterparts by creating adequate infrastructure to attra
ct more meetings and
exhibitions. Incidentally, Foreign exchange earnings through MICE touris
m are more than double as
compared to earning through FTA, estimated to be around Source (YBL).
38
While both the Government and Industry acknowledge MICE as the next
big niche in Tourism, there
is still a lot of untapped potential. There are two major reasons for this, on
e, while we do have a few
world class convention centres on offer, there is a need to improve access
ibility and peripheral
infrastructure and offerings, especially with respect to ‘post conference ac
tivities’.
Secondly, a dedicated marketing and promotion strategies targeted especi
ally to MICE clientele.
• Agri-
Tourism: Although the Government has acknowledged the importance of
indigenous
tourism models as holistic solution to face development challenges, and v
arious schemes
have been launched by both the Ministry of Tourism and the state tourism
departments,
there is still a lack of consolidated structure to guide village or communit
y entrepreneurs and
more importantly, build up confidence to make a foray into a relatively un
charted territory.
The current policies are very basic and theoretical in nature, which alienat
es them from on ground
scenarios, making execution strategies difficult to implement. Now that th
ere are successful models
running in the country, it might prove to be beneficial to revisit the frame
works in their light and bridge the lacunae.
39
It is important to note here that agritourism is not just limited to farms or
field, but encompasses the
entire cultural experience of the locale, as well as deriving offshoots like
adventure activities, unique products specific tourism like, Tea Tourism.
Agri tourism models are very popular in the United States, where a sizeab
le chunk of urban
population often conducts functions and festivities in farmhouses; in certa
in cases the incom from tourism often exceeds farm income.
CASE STUDY
KOTAK MAHINDRA BANK-TRAVEL LOAN

1. Features and Benefits of Kotak Mahindra Bank Travel
Loan
 Attractive interest rates
 Flexible repayment options
 Bank Doorstep Service
 Gain quick approval on loans
 Minimal paperwork and hassle free processing
 No security or collateral required.
2. When it comes to interest rates offered by Kotak Mahindra Bank, it

offers you with the attractive interest rates on travel loan. It ranges from
11.5% to 24%
40
3. To avail the Travel loan in Kotak Mahindra Bank, you need to fit into
the below eligibility criteria.
Criteria Eligibility
Age of applicant 21 years-58 years
Years in city Minimum 1 year
Total work experience Minimum 2 years
Net monthly income Rs. 25,000
Residence telephone Required
Minimum educational
Graduate
qualification
Resident Indian employed at a Public Ltd co./
Profile
MNC/ large Pvt. Ltd co.
4. Term of the loan ranges from 12 months-60 months.
5. The loan amount can be taken between Rs. 50,000-Rs.15 Lakh
6. Documents Required for Kotak Mahindra Bank Travel Loan
Document Salaried Individuals

Application Form Required
1 photograph Required
passport/ telephone bill (bsnl /mtnl)/
electricity bill/ title deed of property/rental
Address Proof agreement/ driving license/ election id
card/ photo-credit card (with last two
month statements)
Passport Copy/ Voters ID card/ Driving
License PAN card, Aadhar Card, Overseas
Identity Proof
Citizen of India card, Person of Indian
Origin card
Valid Passport, Voter’s ID card, Food
Card (Ration Card),Latest IT Return,
Address (Residence) Proof
Original Letter from Company,
Telephone/Electricity Bill
41

Age Proof PAN Card, Passport copy
PAN Card, Driver’s Licence, Passport
Signature Proof copy, Banker’s attestation of Bank
Account Statement
Income Details Last 3 months’ payslips and Form 16
Bank Account Statements For the last 6 months
Electricity Bill, Water Bill, Sales Deed,
Ownership Proof
Receipt of Tax paid
7. The travel loan amount is transferred in the bank account.
8. Kotak Mahindra Bank Loan Statement

If you have taken Kotak Mahindra Bank travel loan, it is obvious that you
also want to get the monthly statements for the same. Don’t worry, with
Kotak bank, you will surely get your monthly statements on a regular
basis. With these statements, it is easy to check and monitor each and
every activity related to your loan. Now, you don’t have to call the bank
or visit the branch near you so as to get your statements. They will
automatically reach to your inbox, giving detailed information of your
home loan
42
CONCLUSION
In conclusion, this is a wonderful economic contribution to today’s

economy. It is a great way for people to spend their money and for cities
to attract other people. In doing so, cities across the world attract millions
of dollars just so foreigners get the chance to experience life in a new
place. I hope to do much travelling myself because I believe it to be a
wonderful way of living life to the fullest. Experiencing culture, religion,
foods, sports, entertainment shows, and general ways of life in a new
place is a great way to live life to the fullest. I one day hope I could open
a hotel chain myself and attract many visitors to new cities.I want to
travel the world and once I am free of the responsibility of raising
children I want to spend two consecutive years just travelling the world. I
43
want to see all of Europe, and get to know a lot of South America and
Asia.During my retirement I hope to use all the wealth I obtained in my
life by helping out the less fortunate. I am always disappointed and down-
hearted after hearing of African mall-nutrition or weak relief efforts after
catastrophes like Hurricane Katrina. I think my most useful goal is to one
day start a program where those with needs get it from those with too
many goods that have been taken for granted.
We can conclude that the financial sector is a nerve system of Indian

economy. For steady growth in economy innovations and development in
financial sector is very important.
. The banks should focus on-
-Launch Innovative product
-Customized advance products
-Better customer services
-Fastest customer’s problem solving techniques
-Customer retention
Since both the banks are competing equally with each other.But SBI bank
is little bit below the line in young customer handling when compared to
ICICI bank. The ICICI bank is little bit below the line in concentrating on
Loan & advances products & services then to SBI bank. But SBI should
be considering more reliable because of public sector bank & because of
its various schemes.
44

BIBLIOGRAPHY
 htpps:en.wikipedia.org/wiki/Tourism
 tourism.gov.in/
 ww.wttc.org/
 www.travelportalsolution.com
 www.hindustantimes.com
 Comparison between SBI & ICICI Dr. Anurag. B. Singh,
Ms. Priyanka Tandon
 www.rbi.com
 www.statebankofindia.com
 www.ICICIbank.com
45
ANNEXURE
1. What are the features of Kotak Mahendra Bank Travel

loan?
 Attractive interest rates

 Flexible repayment options
 Bank Doorstep Service
 Gain quick approval on loans
 Minimal paperwork and hassle free processing
 No security or collateral required.
46
2. What is the rate of interest on travel loan?

The rate on interest on travel laon ranges from 11.5 % to 24%
3. What is eligibility criteria to avail the travel loan?

Criteria Eligibility
Age of applicant 21 years-58 years
Years in city Minimum 1 year
Total work experience Minimum 2 years
Net monthly income Rs. 25,000
Residence telephone Required
Minimum educational
Graduate
qualification
Resident Indian employed at a Public Ltd co./
Profile
MNC/ large Pvt. Ltd co.
4. How long is the term of the loan?

Term of the loan ranges from 12 months-60 months
5. Is there any limit on amount on loan to be taken?

Yes their is limit on the amount of the loan to be taken. The loan amount
can be taken between Rs. 50,000-Rs.15 Lakh.
6.Which documents are required to take travel loan?

Application
Required
Form
1 photograph Required
Address Proof passport/ telephone bill (bsnl/mtnl)/ electricity bill/ title
deed of property/rental agreement/ driving license/
election id card/ photo-credit card (with last two month
47

statements)
Passport Copy/ Voters ID card/ Driving License PAN
Identity Proof card, Aadhar Card, Overseas Citizen of India card, Person
of Indian Origin card
Address Valid Passport,Voter’s ID card,Food Card (Ration
(Residence) Card),Latest IT Return, Original Letter from
Proof Company,Telephone/Electricity Bill
Age Proof PAN Card, Passport copy
Signature PAN Card, Driver’s Licence, Passport copy, Banker’s
Proof attestation of Bank Account Statement
Income
Last 3 months’ payslips and Form 16
Details
Bank Account
For the last 6 months
Statements
Electricity Bill, Water Bill, Sales Deed, Receipt of Tax
Ownership
paid
Proof
7. which method is used to give loan?

The method that are used to give loan are traveller cheque , bank transfer
and other methods.
8. Is their any services of monthly statementsfor the travel

loan?
If you have taken Kotak Mahindra Bank travel loan, it is obvious that you
also want to get the monthly statements for the same. Don’t worry, with
Kotak bank, you will surely get your monthly statements on a regular
basis. With these statements, it is easy to check and monitor each and
every activity related to your loan. Now, you don’t have to call the bank
or visit the branch near you so as to get your statements. They will
automatically reach to your inbox, giving detailed information of your
home loan
48
49

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TYBBI Loans extended to tourism sector

Today, tourism is one of the largest and dynamically developing sectors

The person who is supposed to leave his/her hometown in order to visit a

A person who is supposed to leave his/her hometown (permanent place)

1.3 Advantages And Disadvantages of tourism:

Now -a-days, tourism is the flourishing industry. The advantages of

1.EMPLOYMENT :Tourism provides employment opportunity for

2. GROWTH OF SERVICE SECTOR: Services sector engaged in

3. FOREIGN EXCHANGE EARNING: Many tourist destination

4. RECREATION: Travel based recreation provides relief from the

5. ECONOMIC GROWTH: Tourism helps in the development of

6. MEET NEW PEOPLE: It helps the local people to get in touch

7. CULTURAL EXCHANGE: Tourism gives opportunity to

8. HEALTH AND WELLNESS: Many people visit other places for

9. FUN AND ENJOYMENT: Many people travel for fun and

10. SPEND TIME WITH FAMILIES: The life of modern people

The disadvantage of tourism includes increased expenditure, time

1. Tourism involves huge expenditure on part of the tourists. Travelling

4. It may also lead to environmental hazards such as environmental

6. These resorts destroy both scenic beauty of the place by paying no

7. As a result of indiscrimate construction of high-rise building and

8. Famous tourist spots the economy of state.

9. Damage to wildlife parks is a visible phenomenon. The ground

11. Tourism may have damaging socio-cultural effects. Local people

1. Green tourism: Tourism should be promoted with care. Once the

2. Avoid: Ecological imbalance and health hazards: We should keep

1.4.OBJECTIVES OF TOURISM DEVELOPMENT

This section will show why tourism is so important to the different

Tourism is the world’s largest industry and one of the objectives of

1. It gives vigour to economies

The saying ‘tourism destroys tourism is well known: protection of the

2. Regeneration and conservation of the build and natural

You need to be aware of and understand how tourism how tourism

 To promote understandings of different cultures

and visitor spending. Beyond the economic and environmental

To promote healthy relationship among individuals who are

To encourage proactive participants and involvement by all

suitable plans and strategies and implement responsible tourism

1.5. Purpose of Travel:

1.6. Impacts of Tourism

India can always boast of its rich cultural heritage. Travel

2.2.Nature and State of International Tourism in India

Today tourism is the largest service industry in India with a contribution

Organizations Involved in Tourism

The various organizations engaged in the development of tourism in India

accommodation; market research and administration. During the course

2.3.Organisations for international tourism

1. Overseas Organizations: In order to position India as a preferred

 India Tourism Development Corporation (ITDC)

 National Council for Hotel Management and Catering

It acts as an apex body to coordinate training and research in hotel and

 Tourism Finance Corporation of India Ltd.(TFCI)

TFCI sponsored by IFCI (Industrial Finance Corporation of India) was

PEAK SEASONS FOR TOURISTS ARRIVAL IN INDIA:

2.4. Tourism Attractions in India:

India is a country popularly known for extending its lavish

Eden gardens, Botanical gardens, Allipur Zoo. Guwahati is an important

SERVICE PROVIDERS OF TOURISM INDUSTRY IN

In India, Indian Association of Tour Operators (IATO) (established in

where USTOA (United States Tour Operator Association), NATO (Nepal

The major objective of the study are to make geographical

1. To examine the factor which are responsible for the development