World Bank lends billion dollars to India for education

Updated on: Saturday, March 20, 2010

Washington: The World Bank said it was providing India with 1.05 billion dollars in credit to improve education.

The bank approved the financing Thursday for two education projects designed to boost the number of children enrolling in and completing elementary school, and to improve quality of engineering education across the country.

The World Bank said 750 million dollars would go to the Indian government's Sarva Shiksha Abhiyan (SSA), a nationwide program that aims to provide quality elementary education to all children.

The remaining 300 million dollars of the credit announced Thursday was provided for the Second Technical/Engineering Education Quality Improvement Project.

That financing will support "some 200 competitively selected engineering education institutions to produce higher quality and more employable engineers," the Bank said.

The Washington-based bank has supported the SSA with two loans, totaling 1.1 billion dollars, since 2003.

World Bank lends billion dollars to India for education

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