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

Top Stories

Bihar’s provisional voter turnout 53.54 pc in first phase, slightly lower than 2015

Bihar’s provisional voter turnout 53.54 pc in first phase, slightly lower than 2015

71 assembly segments of the state’s 243 constituencies voted...

Conducting Bihar elections amid pandemic ‘leap of faith’ for poll panel: CEC Arora

Conducting Bihar elections amid pandemic ‘leap of faith’ for poll panel: CEC Arora

Some opposition parties had urged the poll panel to postpone...

Indian troops standing firm; talks with China to continue: Rajnath Singh

Indian troops standing firm; talks with China to continue: Rajnath Singh

Defence minister addresses top commanders of Army

China says border standoff with India bilateral issue; criticises US’ Indo-Pacific strategy

China says border standoff with India bilateral issue; criticises US’ Indo-Pacific strategy

Situation across the border is generally stable: Foreign Min...

I-T dept seizes Rs 62 crore in cash after raids on hawala operatives in Punjab, Haryana, Delhi

I-T dept seizes Rs 62 crore in cash after raids on hawala operatives in Punjab, Haryana, Delhi

The cash, in crisp Rs 2,000 and Rs 500 notes, was found stas...

Cities

View All