World Bank Group Approves USD 500 Million under STARS Program

Board of executive directors of World Bank has approved USD 500 million (about Rs 3,700 crore) loan to improve quality and governance of school education in six Indian states. The loan has been approved for Strengthening Teaching-Learning and Results for States Program (STARS). The six Indian states are as follows: Himachal Pradesh, Kerala, Madhya Pradesh, Maharashtra, Odisha, and Rajasthan.
The aim of this program is to improve learning assessment systems, strengthen classroom instruction and remediation, facilitate school-to-work transition, and strengthen governance and decentralised management. 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.
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.
To strengthen public school education and to support the country’s goal of providing Education for All, the STAR program has build up a long relationship between India and the World bank .
The USD 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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s