Current Affairs - Finance - Discussion

India signed a $126 million loan agreement with the Asian Development Bank (ADB) to boost sustainable tourism in Uttarakhand, particularly focusing on Tehri Garhwal District. The project is expected to benefit nearly 87,000 local residents while enhancing the experience for about 2.7 million annual visitors. The funding will help in strengthening tourism planning, improving infrastructure, ensuring proper sanitation and waste management, and enhancing disaster preparedness in the region. By promoting environmentally responsible and culturally sensitive tourism, the project aims to balance economic development with ecological preservation, creating long-term benefits for both local communities and visitors.