UP tourism to obtain US$40 Mn loan agreement from the World Bank

Published on : Wednesday, January 3, 2018

UP tourismWith the World Bank, India recently signed a loan agreement of $40 million value for a ‘UP Pro-Poor Tourism Development Project’ targeted in growing benefits related to tourism for local communities based in Uttar Pradesh. The project cost is roughly US$ 57.14 million in total, of which $40 million will be funded by the Bank, while the remaining sum will be financed out of state budget, as mentioned in a recent report published by the Finance Ministry. The duration of the program is five years.

The purpose is to boost the benefits in terms of tourism for local communities in targeted destinations. The project is anticipated to have extensive, economic, social and environmental advantages by aiming local communities and entrepreneurs close to the prime tourist and pilgrimage attractions in Uttar Pradesh, like, Agra, Mathura, Barsana, Vrindavan, and Govardhan in the Braj region.


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