India, Sept. 11 -- The Asian Development Bank (ADB) and the Government of India yesterday signed a $126.42 million loan agreement to promote rural development through sustainable and climate-resilient tourism in the Tehri Lake region of Uttarakhand.

The signatories were Juhi Mukherjee, Joint Secretary, Department of Economic Affairs, Ministry of Finance for the Government of India, and Kai Wei Yeo, Officer-in-Charge, India Resident Mission, for ADB.

"The ADB loan supports the Government of Uttarakhand's policy to position the state as a diversified, all-weather tourism destination, with Tehri Lake identified as a priority area for development," said Mukherjee after signing the loan agreement.

"The project showcases a model for sustaina...