Following earlier work, we view two dimensional non-linear sigma model with target space $cM$ as a single particle relativistic quantum mechanics in the corresponding free loop space $cLM$. In a natural semi-classical limit ($hbar=alpha to 0$) of this model the wavefunction localizes on the submanifold of vanishing loops which is isomorphic to $cM$. One would expect that the relevant semi-classical expansion should be related to the tubular expansion of the theory around the submanifold and an effective dynamics on the submanifold is obtainable using Born-Oppenheimer approximation. In this work we develop a framework to carry out such an analysis at the leading order in $alpha$-expansion. In particular, we show that the linearized tachyon effective equation is correctly reproduced up to divergent terms all proportional to the Ricci scalar of $cM$. The steps leading to this result are as follows: first we define a finite dimensional analogue of the loop space quantum mechanics (LSQM) where we discuss its tubular expansion and how that is related to a semi-classical expansion of the Hamiltonian. Then we study an explicit construction of the relevant tubular neighborhood in $cLM$ using exponential maps. Such a tubular geometry is obtained from a Riemannian structure on the tangent bundle of $cM$ which views the zero-section as a submanifold admitting a tubular neighborhood. Using this result and exploiting an analogy with the toy model we arrive at the final result for LSQM.
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