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ADB approved 43.84 Million Dollar Loan to promote Tourism in Tamil Nadu and Uttarakhand

India Current Affairs 2012. The Union Government of India, Asian Development Bank, and State Governments of Tamil Nadu and Uttarakhand

Apr 3, 2012 16:34 IST

The Union Government of India, Asian Development Bank, and State Governments of Tamil Nadu and Uttarakhand on 2 April 2012 inked a 43.84  million dollar loan agreement objected at promoting tourism in the states.

The loan, which is part of the 250 million dollar multi-tranche financial aid signed in 2010, aims at enhancing tourism infrastructure in Tamil Nadu and Uttarakhand so that the number of national and international tourists visiting the states receives a hike.

Punjab and Himachal Pradesh have already received 43.42 million dollar, as the first tranche.

The loan agreement was signed by Venu Rajamony, Joint Secretary, Department of Economic Affairs, Narhari Rao, ADB, Deputy Country Director of India, VK Jeyakodi, Principal Secretary, Tourism and Culture Department, Tamil Nadu and S.S. Sandhu, Secretary, Tourism Department, Uttarakhand.