<h1>State scheme offers 3%-5% interest subsidy on loans up to Rs 2 crore for homestay and tourism units</h1> A state government scheme will provide an interest subsidy of 3% in urban areas, 4% in rural areas and 5% in tribal areas on loans up to Rs 2 crore for up to three years to bona fide residents for establishing, expanding or upgrading homestays and other tourism units. The initiative targets formalization and quality improvement in the hospitality sector, aims to boost urban, rural and offbeat tourism, create self-employment, and stimulate local economic activity while promoting sustainable tourism consistent with regional ecological considerations.