India World Bank

A picture of Fatehpur Sikri in Uttar Pradesh. India has signed a deal with the World Bank for a $40 million loan to support tourism in Uttar Pradesh. (Wikimedia Commons photo) 

NEW DELHI — India Dec. 28 signed a loan agreement worth $40 million with the World Bank for a "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, of which $40 million will be financed by the World Bank. The remaining amount will be funded by the state budget, a union Finance Ministry statement said.

The duration of the program will be five years.

"The project objective is to increase tourism-related benefits for local communities in targeted destinations," the statement said.

"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 added.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.