India signs $40 mn World Bank loan for UP tourism

New Delhi, Dec 28 (IANS) India on Thursday signed a loan agreement worth $40 million with the World Bank for "UP Pro-Poor Tourism Development Project" aimed at increasing tourism-related benefits for local communities in Uttar Pradesh.

The total project cost is around $57.14 million, out of which $40 million will be financed by the World Bank, and the remaining amount will be funded out of the state budget, a union Finance Ministry statement said.

The programme duration is five years. "The project objective is to increase tourism-related benefits for local communities in targeted destinations."

"The project is expected to have far-reaching social, economic and environmental benefits by targeting local communities and entrepreneurs near some of the main tourist and pilgrimage attractions in Uttar Pradesh, namely, Agra as well as Mathura, Vrindavan, Barsana and Govardhan in the Braj region," the statement said.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

Facebook Comments

About VDC

Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.

Share

This website uses cookies.