<h1>Cabinet Committee Approves 75:25 Cost-Sharing for Model Schools Scheme in 2012-13; Rs. 1080 Crore Allocated for 3,500 Schools.</h1> The Cabinet Committee on Economic Affairs approved the continuation of a 75:25 cost-sharing ratio between the Central and State/UT Governments for the 2012-13 fiscal year under the scheme to establish 6,000 model schools at the block level. This decision aims to alleviate the financial burden on State/UT Governments, facilitating the scheme's effective implementation. With an allocation of Rs. 1080 crore, the scheme targets educationally backward blocks, benefiting 19.60 lakh students across 3,500 schools. As of March 2012, 1,954 schools were approved, with 428 operational, and Rs. 29.46 crore released for recurring grants.