ADB Approves $162 Million Loan for Tourism Development in Himachal Pradesh
| Key Points | Details |
|---|---|
| Why in News | ADB approved a $162 million loan for tourism development in Himachal Pradesh, focusing on sustainable and inclusive tourism. |
| Loan Amount | $162 million |
| Project Focus | Sustainable and Inclusive Tourism Development Project in Himachal Pradesh. |
| Target Districts | Hamirpur, Kangra, Kullu, Mandi, Shimla |
| Key Initiatives | 1. Restoration of heritage sites like Naggar Castle in Kullu. 2. Infrastructure development including solar-powered lighting and electric vehicles. 3. New wellness centers, water park, adventure sports hub. |
| Inclusivity and Accessibility | Enhancing accessibility for elderly, women, children, and disabled people. |
| Tourism Management | Strengthening Himachal Pradesh Tourism Development Board's capacity with strategic plans and effective site management. |
| Previous ADB Loans to India | 1. $2.6 billion for urban development and climate resilience (May 2024). 2. $240.5 million for solar rooftop systems (July 2024). |
| ADB Overview | Type: Regional multilateral institution; Focus: Asia-Pacific; Founded: 1966; Headquarters: Mandaluyong City, Philippines. |
| President of ADB | Masatsugu Asakawa |