Externally funded projects playing big role in strengthening economy of HP
As many as 14 externally aided projects worth about Rs 9877.95 crore are being implemented in Himachal.
“These projects are related to PWD, forestry, power, tourism, agriculture, horticulture, urban and skill development sectors in the state. Under these projects, the state is receiving loan in the ratio of 90: 10 through the Government of India,” said an official spokesman.
The spokesman said that externally funded projects are the roots of growth and play an important role in strengthening the economy of hilly states like Himachal Pradesh which have limited resources.
He said that out of these projects, four projects amounting to about Rs 3,723 crore are being funded by the Asian Development Bank, five projects worth about Rs 3,062 crore by the World Bank,
