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India signs loan agreement with World Bank

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India has signed an agreement with the World Bank for obtaining loan in the filed of education. The agreement was signed by Prabodh Saxena, Joint Secretary in Department of Economic Affairs, Ministry of Finance on behalf of the Government of India and Onno Ruhl, Country Director, World Bank (India) on behalf of the World Bank. Representatives from the Ministry of Human Resource Development, Department of School Education & Literacy and officials from the World Bank were present among others. The objective of the project is to help India to achieve increased and more equitable access to good quality secondary education through support of the government’s ongoing program for secondary education as delineated in the (RMSA) Framework. The project would support all activities detailed in the RMSA Framework, for which financial and technical norms have been determined. The Bank’s support is being provided through a Sector Wide Approach, so there are no separate components, but this section describes the different types of activities which will be supported with the Framework. RMSA represents a systemic shift in the way secondary education is planned, managed and financed in India.

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