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World Bank Grants $500Million For Indian Education

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Indian Education Sector Gets $500Million
The World Bank has come across a decision to grant $500 million interest free loan to India for upgrading its academic standards of secondary education. On March 22, 2012 world bank has sanctioned the credit, which is expected to facilitate the efforts of Indian government to ensure the availability, affordability and accessibility of good quality academics to youngsters of class IX and X.

The world bank revealed that this project aims at supporting the vision of RMSA (Rashtriya Madhyamik Shiksha Abhiyan) of worth $12.9 billion, which is a flagship program of Indian Government for making the secondary education universal.

The project of World Bank will contribute in fulfilling the activities and objectives of RMSA. It will assist in providing a complete structure developed to identify what are the requirements for improving the standards of secondary education. The project funded by World Bank aims at fulfilling the needs of secondary education.

About 60,000 Government aided secondary schools will use funds for renovation, repair and expansion; nearly 44000 upper primary schools will be upgraded to secondary schools have been proposed for remote areas. The world Bank also added initiatives will be taken to empower the profiles of local bodies in social administration which gradually leads to better accountability and Results.

World Bank takes this as an opportunity in order to support Indian Government in developing an effective system as currently RMSA is in its nascent stage and is likely to expand while upgrading the quality.

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