World Bank and AIIB approves Rs 7,500 Cr Loan for Gujarat Govt’s ‘Mission School Of Excellence’ Project
The Government of Gujarat has launched a project named ‘Mission School of Excellence’, that aims to improve the quality of education in all the government and grant-in-aid schools in the state.
The project will cover all 35,133 government and 5,847 grant-in-aid schools in the state.
Under the project, the state government will spend Rs 10,000 crore in the next five years.
To support the Gujarat Government, the World Bank and Asian Infrastructure Investment Bank (AIIB) have approved a loan of Rs 7,500 crore for the ambitious project.
The funds will be utilised on building 50,000 new classrooms, 1.5 lakh smart classrooms, 20,000 new computer labs and 5,000 tinkering labs in 41,000-odd government and grant-in-aid schools across the state.
Nearly one crore school students will benefit directly from this ambitious project in the next five years.