Department of Hotel Management, BIT-Mesra, Ranchi-835215 ASSESSING THE INFLUENCE OF DIFFERENT FINANCIAL SCHEMES ON TOURISM DEVELOPMENT OF KASHMIR Aijaz Ahmad Dar*, Sushil Kumar Mehta** *Research Scholar, Shri Mata Vaishno Devi University, Katra, Jammu, Jammu & Kashmir, India. Email: ajazirctc@gmail.com **Assistant Professor, Faculty of Management, Shri Mata Vaishno Devi University, Katra, Jammu, Jammu & Kashmir, India. Email: mehta.sushil@smvdu.ac.in Abstract Purpose The main focus of this study is about the role of different fnancial schemes and their impact on the tourism development in terms of infrastructure, connectivity and controlling mechanism. This study investigates the signifcant contribution of these schemes on the tourism development at a destination. Methodology The infuence 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 confrmatory 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 confict 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