What are the criteria for selection of centres? - FEMA - FAQ - FEMA

Ans. The franchiser, i.e. AD Category I Bank / AD Category II / FFMC may appoint franchisees within a distance of 100 kilometres from their controlling branches concerned. However, this distance criterion is relaxed in case of a recognised group/ chain of hotels appointed as franchisees, provided the headquarters of the group/ chain of hotels falls within a distance of 100 kilometres of the controlling branch of the franchiser concerned. Further, in case of areas declared as hilly areas (as defined by the respective State Governments/ Union Territories) and the North-Eastern States, the distance restriction given in point (i) above is not applicable.