Government inks Loan Agreement with World Bank for UP Pro-Poor Tourism Development Project

The Union Government has inked Loan agreement with World Bank for $40 Million IBRD Credit for “Uttar Pradesh Pro-Poor Tourism Development Project”.
The project size is approximately $57.14 million, of which $40 million will be financed by World Bank, and remaining amount will be funded out of State Budget. The programme will have duration of 5 years.

Key Facts

The objective of UP Pro-Poor Tourism Development Project is to increase tourism-related benefits for local communities in targeted destinations. It is expected to have far-reaching social, economic and environmental benefits by targeting local communities and entrepreneurs near some of main tourist and pilgrimage attractions in Uttar Pradesh. These main tourist and pilgrimage attractions are Agra, Mathura, Vrindavan, Barsana and Govardhan in Braj region.

Month: Current Affairs - December, 2017