ADB Approves $162 Million Loan for Himachal Pradesh Tourism Development

Current Context: The Asian Development Bank (ADB) has approved a $162 million loan to support the Sustainable and Inclusive Tourism Development Project in Himachal Pradesh.

• This project aims to enhance heritage and cultural sites, particularly in the districts of Mandi and Hamirpur.
• It will also involve the restoration of Naggar Castle in Kullu, the beautification of public spaces, and the construction of modern tourist facilities.
• Additionally, the project will incorporate green solutions such as solar lighting and electric vehicles, and it will cater to the needs of the elderly, women, children, and persons with disabilities.
• This initiative is expected to boost employment and foster economic growth for local communities.

Question:

1 What is the total loan amount approved by the Asian Development Bank (ADB) for the Sustainable and Inclusive Tourism Development Project in Himachal Pradesh?

• A) $120 million
• B) $150 million
• C) $162 million
• D) $200 million

Answer: C) The Asian Development Bank (ADB) approved a $162 million loan to support the Sustainable and Inclusive Tourism Development Project in Himachal Pradesh.