India, ADB sign USD 126.4 million loan agreement to promote sustainable tourism in Uttarakhand

The Asian Development Bank (ADB) and the Government of India signed a USD 126.42 million loan agreement to promote rural development through sustainable and climate-resilient tourism in the Tehri Lake region of Uttarakhand. India and ADB Project targets the Tehri Garhwal District, one of Uttarakhand’s most climate-vulnerable and economically disadvantaged regions. The project aims to benefit over 87,000 residents and 2.7 million annual visitors through improved tourism planning, upgraded infrastructure, enhanced sanitation and waste management, and disaster preparedness.

India, ADB sign USD 126.4 million loan agreement to promote sustainable tourism in Uttarakhand

India, ADB sign $126.4 million loan agreement to promote sustainable tourism in Uttarakhand

The Asian Development Bank (ADB) and the Government of India signed a $126.42 million loan agreement to promote rural development through sustainable and climate-resilient tourism in the Tehri Lake region of Uttarakhand.

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The ADB loan supports the Government of Uttarakhand’s policy to position the state as a diversified, all-weather tourism destination, with Tehri Lake identified as a priority area for development.

The project showcases a model for sustainable tourism anchored around a hydropower lake by adopting a multisector approach to generate jobs, diversify income, and build climate resilience.

India and ADB Agreement Signed by

The $126.4 million Loan Agreement between India and ADB on Sustainable, Inclusive, and Climate-Resilient Tourism Development in the Tehri Lake Area was signed by Ms. Juhi Mukherjee, Joint Secretary, Department of Economic Affairs, Ministry of Finance for the Government of India, and Mr. Kai Wei Yeo, Officer-in-Charge, India Resident Mission, for ADB.

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Aims of India and ADB Loan Agreement

India and ADB $126.4 million loan agreement to promote sustainable tourism in the Tehri Lake region of Uttarakhand project aims to benefit over 87,000 residents and 2.7 million annual visitors through improved tourism planning, upgraded infrastructure, enhanced sanitation and waste management, and disaster preparedness.

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The project targets the Tehri Garhwal District, one of Uttarakhand’s most climate-vulnerable and economically disadvantaged regions.

Static Current Affairs related to Uttarakhand for upcoming exams

• Formation: 9 November 2000
• Nickname: "Devabhumi" ("Land of the Gods")
• Capital city: Dehradun
• Largest city: Dehradun
• No. of Districts: 13
• Governor: Gurmit Singh
• Chief Minister: Pushkar Singh Dhami
• Assembly: Uttarakhand Legislative Assembly (70 seats) 
• No. of Rajya Sabha seats: 3 seats 
• No. of Lok Sabha: 5 seats
• High Court of Uttarakhand: Nainital
• Total Population Census (2011): 10,086,292
• Literacy rate (2011): 78.82%
• Languages Official: Hindi  *Additional official: Sanskrit
• Other spoken Languages: Garhwali, Kumaoni, Jaunsari and others