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World Bank approval for a ______ million loan to enhance the quality of technical education in across India.
A)
$200 Million
B)
$223.7 Million
C)
$255.5 Million
D)
$280.2 Million

Correct Answer :   $255.5 Million


The World Bank has granted its approval for a USD 255.5 million loan aimed at enhancing the quality of technical education in government-run institutions across India.

This funding will support approximately 275 selected government-run technical institutions over the course of the next five years, benefiting more than 350,000 students annually.

The Multidisciplinary Education and Research Improvement in Technical Education Project will focus on improving student skills and employability through various measures.

The project will emphasise enhanced research capabilities, entrepreneurship, and innovation. Additionally, it aims to improve the governance of technical institutions.

Under this initiative, students will gain access to upgraded curricula that include emerging technologies in communication and climate resilience.

The project will also facilitate improved internship and placement services, providing students with networking opportunities within professional associations.

Statement from the World Bank :

According to a statement released by the World Bank, "World Bank's Board of Executive Directors have approved a USD 255.5 million loan to help India improve the quality of its technical education and provide more career opportunities to students."

This investment underscores the World Bank's commitment to supporting educational development in India..

Source : India Today

Published On : June 25, 2023
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