Bihar
New Tourism Policy
- 28 Dec 2023
- 2 min read
Why in News?
Recently, the Bihar cabinet approved the Bihar Tourism Policy 2023 to attract more investment in the tourism sector.
Key points
- The policy aims to develop fundamental infrastructure near tourist destinations in the state and also includes provisions for stakeholders.
- The new policy contains several financial incentives for investors. These include:
- Capital subsidy of 30% for investments up to Rs 10 crore.
- 25% for investments up to Rs 50 crore.
- 25% for investments exceeding Rs 50 crore,with a maximum limit of Rs 25 crore.
- 100% reimbursement of land conversion fee, stamp duty and registration fee.
- 80% reimbursement of Goods and Services Tax (GST) on commercial operation for up to 5 years.
- 100% reimbursement of electricity tariff for new tourism units for 5 years.
- Hoteliers and tour operators will get a 5% reimbursement of the monthly remuneration paid to tourist guides.The maximum monthly limit for this will be Rs 5000 per guide for up to 2 years.
- incentives for green certification, MICE (meetings, incentives, conferences, and exhibitions) promotions, are also included in the policy.
- 50% of the subsidy will be paid at the commencement of commercial operation, 25% after 2 years, and 25% after 5 years.
- A sum of Rs 62 crore is also sanctioned for the construction of an alternative approach path with sheds and a bus depot near Vishnupad Temple in Gaya.
Famous Tourist Places in Bihar: Mahabodhi Temple Complex in Bodhgaya, Vishwa Shanti Stupa in Rajgir, Nalanda, Ancient city of Patliputra, Valmiki Nagar Tiger Reserve in the West Champaran, etc,.
