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 Sign of Subject Teacher

Name of the College- DNYANPRASSARAK MANDAL’S

College of Arts, Science, and commerce

Assagao-Goa

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, Mobor Margao, 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- Haathi Mahal Beach 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

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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 laized with 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 entrepreneurship-

Prime 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

Khadi and Village Industries Commission (KVIC) And Khadi and 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.

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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 techno-

economic 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

contribution

Rate of subsidy

Area urban Rural

General 10% 15% 25%

Special

category(SC/STs/OBCs/minorities/women/ex-

servicemen/physically handicapped)

5% 25% 35%

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.

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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.

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