Tag: Financial Aid

Tamil Nadu to get USD 31 million ADB aid for tourism development

Tamil Nadu will get a loan of USD 31 million from The Asian Development Bank (ADB) to develop tourism and to enhance employment opportunities in the state. It was revealed by a finance ministry statement issued on December 11. This loan is a part of Infrastructure Development Investment Program for Tourism (IDIPT). “The project (IDIPT) will support the conservation and restoration of 8 heritage monuments, 1 museum, 3 temples and a pond,” states the press release. “It will build various facilities at the tourism sites, including tourist information center, rest centers and toilet blocks, with facilities served by solar-powered lighting ... Read more