World Bank approves USD 255.5 million loans to improve technical edu in the govt-run institution

The World Bank has granted a loan of USD 255.5 million to improve the quality of technical education in India's government-run institutions. Over the next five years, the project will assist over 275 government-run technical colleges in various states across the country, benefiting over 350,000 students each year.

The Multidisciplinary Education and Research Improvement in Technical Education Project will focus on enhancing student skills and employability through improved research, entrepreneurship, and innovation, as well as improving governance in technical institutions. Students will benefit from enhanced curricula that include emerging technologies in communication and climate resilience as part of the project. They will also benefit from improved internship and placement services, as well as opportunities to network with professional organisations, according to the World Bank.

The project will assist participating institutions in organising outreach programmes that will provide prospective female students, parents, and guardians with more and better information on technical education programme options, increase gender sensitivity, and address misconceptions about women's capabilities in science, technology, engineering, and math (STEM) fields.

The project will assist participating institutions in organising outreach programmes that will provide prospective female students, parents, and guardians with more and better information on technical education programme options, increase gender sensitivity, and address misconceptions about women's capabilities in science, technology, engineering, and math (STEM) fields.

The International Bank for Reconstruction and Development (IBRD) loan of USD 255.5 million has a final term of 14 years, including a five-year grace period.