Journal of Hospitality Application and Research

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

Assessing the Influence of Different Financial Schemes on Tourism Development of Kashmir


Affiliations
1 Shri Mata Vaishno Devi University, Katra, Jammu, Jammu & Kashmir, India
     

   Subscribe/Renew Journal


Purpose The main focus of this study is about the role of different financial schemes and their impact on the tourism development in terms of infrastructure, connectivity and controlling mechanism. This study investigates the significant contribution of these schemes on the tourism development at a destination.

Methodology The influence of four Financial Scheme drivers i.e. Jammu and Kashmir Bank Tourism Schemes (JKBTS), Jammu and Kashmir State Financial corporation Term loans (JKSFCTL); Youth Startup loan Scheme (YSLS) and Prime Ministers Employment Generation Programme (PMEGP) on tourism development were investigated. The confirmatory factor analysis has been applied to validate the data. For hypotheses testing, Structural equation modeling has been applied.

Findings Tourism development in terms of infrastructure has gained momentum in the past lustrum but lot of more activities needs to be done in order to improve tourist arrivals at a destination. The conflict has engulfed the destination which needs to be addressed at the earliest. In order to develop the monitoring mechanism better, the Jammu and Kashmir Bank Tourism scheme is crucial followed by Jammu and Kashmir State Financial corporation term loans; Youth startup loan schemes.

Originality The present study complements the existing literature regarding the role of Financial Schemes drivers and linkage among these drivers with development of tourism in terms of Infrastructure, connectivity and monitoring mechanism.


Keywords

Destination Image, Revisit Intention, Tourists, J&K.
Subscription Login to verify subscription
User
Notifications
Font Size


  • ● Arzhang, P., & Hamidi, N. (2014). Financing of tourism industry (A hybrid approach DELPHI-ANP-VIKOR). Arabian Journal of Business and Management Review (OMAN Chapter), 3(8), 17.

  • ● Ateljevic, I., & Doorne, S. (2004). Theoretical encounters: A review of backpacker literature. The global nomad: Backpacker Travel in Theory and Practice, 60-76.

  • ● Hawkins, D. E., & Mann, S. (2007). The World Bank’s role in tourism development. Annals of Tourism Research, 34(2), 348-363.

  • ● Bauer, R., & Hann, D. (2010). Corporate environmental management and credit risk.

  • ● Desai, V. (1997). Institutional frame work for industry. Bombay: Himalaya Publishing House.

  • ● Seth, P. N., & Bhatt, S. S. (1998). An introduction to travel and tourism. New Delhi: Steerling Publishers Pvt. Ltd.

  • ● Joshi, A. (2011). In-depth analysis of financial support by a specialized financial institution. Elixir International Journal, 33, 2291-2299.

  • ● Mukhtar, S. (2013). Insuring the uninsurable for poverty alleviation in Nigeria: What Micro-Insurance can do?. Mediterranean Journal of Social Sciences, 4(2), 375.

  • ● Najar, A. H. (n.d.). Recovery Marketing Activities (RMA’s): A Tool to Manage Destination in Conflict Situation-Research.

  • ● Ngoasong, M. Z., & Kimbu, A. N. (2016). Informal microfinance institutions and development-led tourism entrepreneurship. Tourism Management, 52, 430-439.

  • ● Sharma, J. K. (2000). Tourism planning and development. New Delhi: Kanishka Publisher.

  • ● Singh, I., & Gupta, N. S. (1977). Financing of small industries. New Delhi: S Chand and Co.

  • ● Selvam, M. (1989). Tourism industry in India: A study of its growth and development needs. Bombay: Himalaya publishing House.

  • ● Song, H., & Lin, S. (2010). Impacts of the financial and economic crisis on tourism in Asia. Journal of Travel Research, 49(1), 16-30.

  • ● South Africa. Government of South Africa (1996). The White Paper on the Development and Promotion of Tourism in South Africa. Government of South Africa. Retrieved from http://www.tourism.gov.za/AboutNDT/Publications/Tourism%20White%20Paper.pdf. [Accessed:17th Octomber 2014].

  • ● Thompson, P., & Cowton, C. J. (2004). Bringing the environment into bank lending: Implications for environmental reporting. The British Accounting Review, 36(2), 197-218.

  • ● Weber, O., Scholz, R. W., & Michalik, G. (2010). Incorporating sustainability criteria into credit risk management. Business Strategy and the Environment, 19(1), 39-50.


Abstract Views: 279

PDF Views: 0




  • Assessing the Influence of Different Financial Schemes on Tourism Development of Kashmir

Abstract Views: 279  |  PDF Views: 0

Authors

Aijaz Ahmad Dar
Shri Mata Vaishno Devi University, Katra, Jammu, Jammu & Kashmir, India
Sushil Kumar Mehta
Shri Mata Vaishno Devi University, Katra, Jammu, Jammu & Kashmir, India

Abstract


Purpose The main focus of this study is about the role of different financial schemes and their impact on the tourism development in terms of infrastructure, connectivity and controlling mechanism. This study investigates the significant contribution of these schemes on the tourism development at a destination.

Methodology The influence of four Financial Scheme drivers i.e. Jammu and Kashmir Bank Tourism Schemes (JKBTS), Jammu and Kashmir State Financial corporation Term loans (JKSFCTL); Youth Startup loan Scheme (YSLS) and Prime Ministers Employment Generation Programme (PMEGP) on tourism development were investigated. The confirmatory factor analysis has been applied to validate the data. For hypotheses testing, Structural equation modeling has been applied.

Findings Tourism development in terms of infrastructure has gained momentum in the past lustrum but lot of more activities needs to be done in order to improve tourist arrivals at a destination. The conflict has engulfed the destination which needs to be addressed at the earliest. In order to develop the monitoring mechanism better, the Jammu and Kashmir Bank Tourism scheme is crucial followed by Jammu and Kashmir State Financial corporation term loans; Youth startup loan schemes.

Originality The present study complements the existing literature regarding the role of Financial Schemes drivers and linkage among these drivers with development of tourism in terms of Infrastructure, connectivity and monitoring mechanism.


Keywords


Destination Image, Revisit Intention, Tourists, J&K.

References