ADB and Government of India Ink $126 Million Deal to Boost Tourism in Uttarakhand

In a major step toward promoting rural development and sustainable tourism, the Asian Development Bank (ADB) and the Government of India have signed a loan agreement worth $126.42 million to support climate-resilient tourism initiatives in Uttarakhand’s Tehri Lake area.

“This project aligns with Uttarakhand’s strategic vision to evolve as a year-round, diversified tourism destination. Tehri Lake has been identified as a focal point for this transformation,” said Ms. Mukherjee at the signing ceremony.

Mr. Yeo emphasised the significance of the initiative, stating, “This project presents a unique model of sustainable tourism development centered around a hydropower lake. It adopts a multi-sectoral approach to enhance local livelihoods, diversify economic opportunities, and build climate resilience in a vulnerable region.”

Targeting Vulnerable Communities in Tehri Garhwal

Targeting the Tehri Garhwal District, one of the state’s most economically and environmentally challenged areas, the project is expected to positively impact over 87,000 residents and accommodate 2.7 million annual visitors. It will enhance tourism infrastructure, strengthen disaster preparedness, improve sanitation and waste management, and promote inclusive development.

Key components of the project include:

• Institutional capacity-building for long-term tourism planning and governance.
• Climate-resilient infrastructure and nature-based solutions to reduce landslide and flood risks.
• Inclusive tourism services, with a strong focus on women, youth, and private sector participation.
• A livelihood matching grant scheme to support tourism enterprises led by women, youth, and MSMEs.
• Universal access features ensuring accessibility for persons with disabilities.
• A women-led disaster risk management initiative piloted in selected villages.

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