Commencing of tourist resort
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  • 1. Assignment Topic- Tourist Resort Name of the Student- Akash Abraham Mammen Roll No. – 23 (two three) Subject- Entrepreneurship Management Course of Study- TY.B.com-A Year of Study- 2013-2014 Date of Submission- 31/ 07/ 2013 Sign of Student Name of the College- DNYANPRASSARAK MANDAL’S College of Arts, Science, and commerce Assagao-Goa Sign of Subject Teacher
  • 2. A project on commencing of a tourist resort targeting middle income tourist: 1. Name of the resort- M/S Good Day Beach Resorts Pvt. Ltd 2. Location- Cavelossim Beach, MoborMargao, Salcette, Goa- 403731 This resort is to be located on the main road of the cavelossim beach on a proposed land area of 20,000 sq. metres. The location is suitable for erecting tourist cottages. Cavelossim beach is a not a very popular beach but it is the 7th top most beaches in the whole of Asia. This beach is suitable for the present age tourists. 3. Existing resorts in and around that location-HaathiMahalBeach Resort, Dona Sylvia Beach Resort, Luisa By The Sea Resort, The Byke Old Anchor. 4. Form of ownership-M/S Good Day Resorts Pvt. Ltd is proposed to be a proprietorship company/tourist resort registered under the state and central government tourism statutes. 5. Capital required and source of finance- The finance for the project is estimated to be Rs. 5 crore which is required for the following: Land- Rs.1 crore Cottages(10)/building, swimming pool- Rs. 2crores Roads, compound walls, gardens etc.- 1 crore Transport vehicles, other services- 1 crore The proprietor proposes to raise the finance from Non-Resident Indian contributors on market proportion and profit sharing agreement. The NRI contributors will propagate the market and direct international tourists to this resort apart from the Indian tourists who come to reside and enjoy in the resort. The project once commenced will be completed in 20 months and the business will commence immediately. 6. Manpower required- The resort will be managed by one professional tourist manager assisted by 2 assistant managers out of which one will look after the domestic tourism and the other will promote tourist visits from foreign countries. There will be a total of 10 cottages which will have 2 supervisors to look after and the required number of room boys/girls and cooks. The main building will have the reception counter with 4 receptionists. The resort will have 2 main gates for entry and exit of vehicles at which 4 guards will be in charge of the security. An additional 6 1|Page
  • 3. watchmen will be appointed on shift basis to patrol the resort day and night. 5 mini buses and 15 cars will be in service and 1 driver in each vehicle will be employed. 7. Marketing section- The marketing section will have one marketing assistant proficient in foreign languages. He will be laizedwith international tour operators based in Europe, USA, Australia, Russia, and UAE which has potential tourists visiting the resorts. This will ensure the flow of tourist throughout the year from India and abroad. 8. Other facilities- The proposed location of the resort is a peak spot and all basic facilities like water, electricity, telephone network coverage etc. are available. Many Wi-Fi hot spot will be erected for the easy availability of internet surfing for the guest. The resort will also take initiative in sight-seeing programmes and water sport activities in and around the locality. 9. Scheme of state government of Goa for the provision of entrepreneurshipPrime Minister’s Employment Generation Programme (PMEGP) 2008 The state government has implemented a self-employment scheme of Prime Minister’s Employment Generation Programme which is a credit linked subsidy programme to generate employment in rural and urban areas. The scheme shall be implemented in the rural areas by Khadiand Village Industries Commission (KVIC) And Khadiand Village Industries Board (KVIB) and in the urban and rural areas by District Industries Centres. It gives financial assistance upto Rs. 25 lakhs for manufacturing sectors and Rs. 10 lakhs service and business sector. Eligibility Any individual above 18 years. No income ceiling for assistance. Only new units are eligible. Self-help groups are eligible The institutions registered under Society’s Registration Act of 1860, co-operative societies and charitable trusts are eligible. Minimum 8th standard pass for projects above Rs. 10 lakhs under manufacturing sector and above Rs. 5 lakhs for service sector. 2|Page
  • 4. The beneficiaries shall be selected through interview process by District Task Force Committee headed by the District Magistrate/Collector. The projects shall be sanctioned by the financing branches of the banks as per technoeconomic viability. The bank shall sanction and release 90-95% of the project cost as loan. The 10% cost in case of general category borrowers and 5% cost in case of special category borrowers, shall be borne by the beneficiary as own contribution. Categories of the borrower Owner’s Rate of subsidy contribution Area urban Rural General 10% 15% 25% Special 5% 25% 35% category(SC/STs/OBCs/minorities/women/exservicemen/physically handicapped) 100% physical verification of the units assisted under PMEGP shall be conducted. Negative list of activities The PMEGP can assist any activities except those specified here below: Industry connected with meat i.e. processing, canning, serving items made of it, intoxicant items like Beedi/pan/cigar/cigarette, dhaba/ restaurant serving liquor, preparation/producing tobacco as raw material, tapping of toddy for sale, cultivation of crops/plantations, harvester machines, manufacturing of polythene bags of less than 20 micron thickness, manufacturing of carry bags or containers made of recycled plastic for carrying, storing, dispensing or packing of food stuff, processing of pashmina wool and such other products like hand spinning and hand weaving, khadi programme availing sales rebate, rural transport. Other terms and conditions: The project cost will include capital expenditure and one cycle of working capital. Projects without capital expenditures are not eligible. The cost of land should not be included in project cost. The build shed/workshop can be included. 3|Page
  • 5. The scheme is one time assistance scheme. Only one project can be sanctioned in a family. After the project is sanctioned, the beneficiary shall undergo Entrepreneurship Development Programme (EDP) training of 2 weeks. The KVIC/KVIB/DIC shall recall back the subsidy in case beneficiary fails to fulfil the criteria of the scheme. All units assisted under this scheme should display a sign board indicating that the unit is assisted under PMEGP. 4|Page