Financial Aid

World Bank clears $500 million to improve quality of school education

250 million students (between the age of 6 and 17) in 1.5 million schools, and over 10 million teachers likely to benefit

World Bank clears $500 million to improve quality of school education

New Delhi, June 28

The World Bank on Sunday said its Board of Executive Directors has approved $500 million (about Rs 3,700 crore) loan to improve quality and governance of school education in six Indian states.

The board approved a loan for Strengthening Teaching-Learning and Results for States Program (STARS) on June 24, 2020, the World Bank said in a statement.

"Some 250 million students (between the age of 6 and 17) in 1.5 million schools, and over 10 million teachers will benefit from the program. The STARS program builds on the long partnership between India and the World Bank (since 1994), for strengthening public school education and to support the country's goal of providing Education for All," it said.

Prior to STARS, the bank had provided a total assistance of more than $3 billion towards this goal.

At the national level, through the Samagra Shiksha, and in partnership with the states of Himachal Pradesh, Kerala, Madhya Pradesh, Maharashtra, Odisha, and Rajasthan, it said, STARS will also help improve learning assessment systems, strengthen classroom instruction and remediation, facilitate school-to-work transition, and strengthen governance and decentralised management.

India recognises the need to significantly improve its learning outcomes to fuel future growth and meet the demands of the labour market, World Bank Country Director in India Junaid Ahmad said. "STARS will support India's response to this challenge by strengthening implementation at the local level, investing in teacher capacity and ensuring that no child of any background is left behind from the right to education," he said.

Investing more in the early years of education will equip children with the skills required to compete for the jobs of the future, he added.

The $500 million loan from the International Bank for Reconstruction and Development (IBRD), has a final maturity of 14.5 years, including a grace period of five years. — PTI

Tribune Shorts

Top Stories

Rs 50,000 compensation to be paid to families of Covid-19 victims from SDRF, Centre tells SC

Rs 50,000 compensation to be paid to families of Covid-19 victims from SDRF, Centre tells SC

Kin of those who died of Covid will have to apply for compen...

UK approves Covishield, but yet to accept Cowin certificates

UK approves Covishield, but yet to accept Cowin certificates

Certain assurances have been given on resolving the issue: F...

PM Modi bats for mutual recognition of vaccine certificates amid UK row

PM Modi bats for mutual recognition of vaccine certificates amid UK row

Promises resumption of vax export, says supply chains for va...

Ready to make any sacrifice to stop Navjot Sidhu becoming CM: Capt Amarinder

Ready to make any sacrifice to stop Navjot Sidhu becoming CM: Capt Amarinder

Will pit a strong candidate against PPCC president in 2022 A...

Women’s entry into NDA can’t be deferred by a year, says Supreme Court

Women’s entry into NDA can’t be deferred by a year, says Supreme Court

Says no to Centre’s request to allow women in NDA exam from ...

Cities

View All