New Delhi: World Bank sanctioned an amount as hefty as 1.05 billion dollars to India for the launch of its two education projects. World Bank has mentioned that this support package marks the Bank's largest ever investment in education sector. The projects are designed to increase the number of children enrolling in and completing elementary school, and to improve the quality of engineering education across the country.
India’s 'Sarva Shiksha Abhiyan' (SSA) (Education for All) programme was launched with ambitious objectives - to increase enrollments, reduce out-of-school children, narrow gender and social gaps and improve the quality of elementary education for all children. Since 2001, the SSA programme has enrolled some 20 million previously out-of-school children.
Furthermore, Indian Government is also renewing its efforts to strengthen higher and technical education. The Technical/Engineering Education Quality Improvement Project (TEQIP) project will help India meet its growing demand for highly qualified engineers, a demand which has been growing parallel to its rapid economic expansion.