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Government of Meghalaya Secures $79.05 Million Grant from New Development Bank to Boost Tourism Infrastructure

The Meghalaya Ecotourism Infrastructure Development Project (MEIDP) is an externally aided project (EAP) funded by the New Development Bank (NDB) with a total project cost of $98.80 Million (equivalent to ₹731 crores) of which $79.05 Million is being supported by the NDB. The agreement for this project was signed between the Government of India and the NDB on July 10, 2023. For EAPs being implemented in the northeastern states, the Government of India passes 90% of the funding as grants to the State government while only 10% of the total amount is borne by the State Government. The MEIDP is spearheaded by the Meghalayan Age Limited (MAL) , a state government company under the aegis of

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