WB offers India $500m edn loan

Posted by BankInfo on Sun, Oct 07 2012 10:06 am

NEW DELHI: The World Bank yesterday offered India a $500 million loan aimed at improving access to secondary education and enhancing its quality, a statement said.

The government plans to use the funds to construct 11,000 new secondary schools and repair 60,000 existing ones, while upgrading 44,000 primary schools into secondary schools.

The major focus would be on “quality of education... the country needs its young people to get good quality secondary education”, said Onno Ruhl, the World Bank’s country director for India.

While signing the agreement, an Indian government official said secondary education needs “greater attention” because of a poor enrolment rate and low standards of education in schools.

News: The Daily Sun/Bangladesh/7th-Oct-12

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