News Brief
The Great Buddha Statue at Bodh Gaya
In her Budget 2025 speech, Finance Minister Nirmala Sitharaman announced that a total of 50 tourist destinations will be developed in collaboration with states.
The collaboration will be done in challenge mode. Under it, the states will propose sites for development, and the Centre will choose them on the basis of feasibility.
To ensure that tourists get affordable and quality hospitality, Sitharaman announced that MUDRA loans will be provided to those homeowners who are willing to convert their property into homestays. Places like Ayodhya, Varanasi, Prayagraj, and various other destinations have successfully implemented this model.