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Exclusive scheme providing hassle free credit for the conversion of residential properties into tourist guest houses (renovation/refurbishment only)
- The house should be owned by the borrower, suitably located and having a motorable approach. The house should not be more than 15 years old.
- Proper registration with the Tourism Department, J&K Government, and permission for the conversion/ renovation/ refurbishment from Municipality/ concerned authority, wherever necessary. - The guest house should be managed by the owner himself. - The prospective borrower required to submit proper estimates/project report for the renovation/refurbishment plan for the proposed guest house to assess the viability.
- The renovation/refurbishment should be completed within a period of three months from the date of first disbursement. - The existing hotels/guest houses already registered with the Tourism Department not come under the purview of this scheme.
Maximum: 
50,000/= per room and 10.00 lacs per guest house.
Cost on account of renovation, painting, bedding, furniture, dinning table, flooring, crockery, cutlery, colour television etc., required for renovation/refurbishing of the house.
- Primary: Hypothecation of all furniture fittings and other movable assets of the guest house.
- Collateral: Upto 2.00 lacs: Third party guarantee of two persons having sufficient means to withstand the liability. Above 2.00 lacs: Mortgage of the house property/guest house.
30%
