Ministry of Tourism Approves 40 Projects to Boost Lesser-Known Destinations in India

Sandip Raj Gupta

    02/Dec/2024

What's Covered in the Article

  1. 40 tourism projects worth US$ 389.9 million approved across 23 states.
  2. Focus on diversifying tourism to lesser-known destinations and easing pressure on popular sites.
  3. Projects aim to generate economic impact and local employment while fostering sustainable growth.

In an effort to promote balanced tourism distribution and enhance lesser-known destinations across India, the Ministry of Tourism has approved 40 projects worth over US$ 389.9 million (Rs. 3,295 crore) under the Special Assistance to States/Union Territories for Capital Investment (SASCI) scheme. These projects, spanning 23 states, are part of a broader initiative to create long-term and sustainable tourism infrastructure across the country.

Key Projects and Destinations

The approved projects are focused on transforming underexplored locations into iconic tourist sites, ensuring that the burden on high-traffic destinations is eased while providing economic opportunities in local areas. Some of the noteworthy destinations under development include:

  • Rang Ghar in Sivasagar (Assam) – A historic amphitheatre, expected to become a prominent cultural landmark.
  • Matsyagandha Lake in Saharsa (Bihar) – Known for its scenic beauty, the lake is set for major tourism development.
  • Proposed developments in Porvorim (Goa) – Goa’s quieter regions are to be enhanced for tourism without compromising the state's natural beauty.
  • Orchha (Madhya Pradesh) – A city steeped in history, Orchha is poised for growth as a cultural and heritage tourism destination.

Strategic Goals of the Initiative

This initiative is designed to diversify tourism across India, shifting the focus from heavily congested destinations to lesser-known gems. By doing so, it aims to:

  • Reduce the pressure on popular tourist sites, creating a more balanced and sustainable tourism model.
  • Enhance the overall tourism experience, providing visitors with access to fresh, untapped destinations that showcase India’s rich culture and heritage.
  • Boost local economies through the creation of employment and economic opportunities driven by tourism infrastructure development.

Implementation and Funding

The Ministry of Tourism has issued operational guidelines to the states, enabling them to submit project proposals. By October 15, 2024, 87 proposals were received, totaling over US$ 946.7 million (Rs. 8,000 crore) in value. The 40 shortlisted projects were selected based on set criteria, with an emphasis on sustainability, community impact, and feasibility.

The projects will receive interest-free loans for a period of 50 years and are expected to be completed within a two-year timeline, with funds being released before March FY26.

Economic and Social Impact

These projects are anticipated to create a significant economic impact by promoting local tourism, generating employment opportunities, and stimulating regional development. They will also contribute to India’s global tourism branding, positioning the country as a diverse and sustainable tourism destination.

Additionally, the focus on lesser-known destinations will foster sustainable tourism practices, ensuring the preservation of local culture and the environment while benefiting communities that may not have previously reaped the full benefits of tourism.

Conclusion

The Ministry of Tourism’s approval of 40 projects represents a major step towards promoting inclusive and sustainable tourism in India. By enhancing lesser-known destinations, the government aims to improve the overall tourism experience, support local economies, and foster balanced tourism growth across the country.

As these projects come to fruition, India is set to bolster its tourism infrastructure, providing a diverse range of experiences to travelers while also supporting the country’s long-term economic and social growth.

The Upcoming IPOs in this week and coming weeks are Nisus FinanceEmerald Tyre Manufacturers, Rosmerta Digital and Avanse Financial.The Current active IPO is Ganesh Infraworld, Suraksha DiagnosticAgarwal Toughened.For more details on upcoming IPOs, you can visit our page at Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi and stay updated with the latest news on IPO updates on Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance Saathi.Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.Start your Stock Market Journey and Apply in IPO by opening a Free Demat Account in Choice Broking FinX.

Related News
onlyfans leakedonlyfan leaksonlyfans leaked videos