Proposed Capital Good to be financed by the bank

 The proposed capital goods are limited to 4. The applicant shall submit supporting letter
the duty free privilege given by the from the concerned government organ that
concerned government organ. confirms whether the applicant has
i. Vehicles obtained duty free privilege or not
 4 WD station wagon 5. The company shall also have an office with
 Midi bus appropriate office facilities in a defined
 Furnished mobile tourist vehicle address.

ii. Boat 6. The company needs to have an official

 Tourist Boats website.

iii. Other equipments shall be 7. The lease payment period Shall not be

incorporated as deemed necessary by greater than five years including the grace

getting approval form executive period

management of the bank 8. In appraisal of leas for tour operation,

 The existing tour operators and tour guides working capital requirement of the project

who fulfill the eligibility criteria are should be determined in detail. The

beneficiaries of the services. applicant shall block 20% of the total cost of

 This is additional requirements that capital goods in cash.

applicants should fulfill in addition to the 9. The applicant should sign an undertaking

check list of lease financing agreement that clearly states using the

1.The applicant or the manager should have at leased capital goods or vehicle other than

least two years experience in tour business as the intended purpose is strictly prohibited.

tour operator or tour guide. 10. Using the capital goods or vehicles by the

2.The tour operator applicant should submit lessee other than the intended purpose

proof of evidence showing foreign currency shall be considered as event of default and

generation in its respective operational any fine/charge by the concerned organ

period. due to such events shall be borne by the

3.The owner of the company or the general Lessee. The bank shall take legal action

manager of the company shall have related against such event of default. The

Diploma or degree from a recognized undertaking of the lessee to bear the cost of

institution of tourism. misuse of the leased property should be

incorporated in the lease contract
agreement.
11. The leased asset should be repossessed, if
three consecutive monthly lease payments
is not affected.