Commemorating its 40th anniversary at its Annual General Meeting (AGM), the Travel Agents Federation of India (TAFI) Northern India Chapter highlighted the resounding success of its flagship Joint Bank Guarantee Scheme. TAFI became the pioneer industry association to introduce a Joint Bank Guarantee initiative tailored for its members. Rajeev Aggarwal,Secretary, TAFI Northern India Chapter, revealed that over 75% of TAFI members have successfully integrated into the scheme, significantly reducing financial burdens, streamlining airline ticketing compliance, and accelerating business growth. “TAFI is the first association to introduce a Joint Bank Guarantee Scheme for its members. More than 75% of our members are now associated with this guarantee, actively benefiting from it and growing their businesses rapidly with this support,” stated Aggarwal.
Janice Alyosius is a travel and MICE journalist focusing on business travel, destination marketing, aviation and industry policy. She leads editorial content at MICEtalk and also writes for TravTalk, covering global trends, trade developments and key industry conversations. With regular reporting from tourism forums, conventions and on-ground industry events, her work blends news-led analysis with strong industry voices, offering clear context and relevance for travel trade professionals and decision-makers.