India, ADB Sign $126.42-Million Loan Agreement

• 12 Sep 2025

On 12th September 2025, India and the Asian Development Bank (ADB) signed a $126.42-million loan agreement to promote rural development through sustainable tourism in the Tehri Lake region of Uttarakhand.

Key Points

• Target Region: Project focuses on Tehri Garhwal District, one of Uttarakhand’s most climate-vulnerable and economically disadvantaged regions.
• Beneficiaries: Over 87,000 local residents and 2.7 million annual visitors are expected to benefit.
• Objectives:
  • Promote Tehri Lake as a priority area for sustainable tourism.
  • Support Uttarakhand’s vision of becoming a diversified, all-weather tourism destination.
  • Provide upgraded infrastructure, improved sanitation, and better waste management.
• ADB’s Support: Loan will facilitate a multi-sector approach linking rural development, tourism, climate resilience, and livelihood creation.