TOURISM FINANCE CORPORATION OF

INDIA(TFCI)

INTRODUCTION

• The TFCI was set up on 1 February 1989 as public limited company under the companies act by the IFCI and some banks.

• It had paid up capital of Rs.50 crore.• It is specialized in all India development financing

institutions, which provide assistance in the form of rupee loans, underwriting and subscription to industrial securities.

• Other form of assistance is foreign loans , guarantees, supplier credit.

• Head office: New Delhi

BACKGROUND

IFCI

TFCI

Institutes involved behind setting up of TFCI are:-

• IFCI• SBI• LIC• Bank Of India• United India Assurance Company

PURPOSE

• The assistance provided will be used for the development of tourism and tourism related activities, facilities and services.

• It includes travels agents, highways facilities, car rental services, airport facilities, restaurants and holiday resorts.

• TFCI provides advisory and merchant banking services in this field.

• It is to co-ordinate activities and formulate guidelines relating to finance tourism projects.

VISION

Centre of excellence for tourism and hospitality(CETH)

MISSION

• Channelize investments into various segments of the tourism industry and across various locations in a need based manner.

• Take steps to promote the tourism industry within the overall framework of the government of India.

CONCERNS

• Shortage of trained human capital.• Inadequate room-supply in big and small cities.• Poor connectivity from cities to tourists

attractions.• Health and hygiene issues.• The social and political unrest and spread of

diseases.

BOARD OF DIRECTORSShri S. B. NayarChairman

Smt. Shashi Sharma Managing Director

Smt. Usha Sharma Nominee Director, Ministry of Tourism

Shri Sanjeev K. JindalNominee Director, Ministry of Finance

Shri V.P.SinghDirector

Shri Niraj AgrawalDirector

Shri Samir Kumar GanguliDirector

Shri Vivek NairDirector

FUNCTIONS

• Financial assistance for setting up or development of tourism related activities.

• Tourist-flow survey• Facilities and services for tourists• Preparation of tourism master plans• Planning for amusement/ national park.

FINANCE PROJECTS RELATED TO

• Hotels • Restaurants• Holiday resorts• Multiplexes and entertainment centers• Education and sports• Safari parks• Cultural centers• Convention halls• Transport• Travel and tour operating agencies• Air services

FORMS OF FINANCIAL ASSISTANCE

• Rupee loan• Equipment finance• Assistance under suppliers credit• Working capital financing• Take over financing• Advances against credit card receivables

ADVISORY SERVICES

• Project-Related Services• Tourism-Related Studies/ Services• Government Sector• Private Sector• Other Activities /Programs

SHAREHOLDING PATTERN OF TFCI

•

Name of shareholders HoldingsNo of Shares (in lakhs) Percentage

IFCI Ltd. 343.04 42.50SBI 74.16 9.19

Bank of India 37.90 4.70LIC 62.13 7.70

United India Insurance Co. Ltd. 11.98 1.48The Oriental Insurance Co. Ltd. 10.42 1.29

Bodies Corporate 48.55 6.01Mutual Fund .06 0.01

Other Banks/ Financial Institutions 2.41 0.30

Foreign Institutional Investor 1.95 0.24Trust 0.15 0.02NRI 3.95 0.49

General Public 210.47 26.07Total 807.17 100.0