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India signs Financing Agreement with World Bank on SSA II

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....ndia signs Financing Agreement with World Bank on SSA II <br>News and Press Release<br>Dated:- 14-8-2008<br><BR>India signed a Financing Agreement for Second Elementary Education Project (Sarva Shiksh....

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....a Abhiyan II) with the World Bank, here today for a total assistance of US $ 600 million. The project aims to significantly increase the number of 6-14 year old children, especially from special focus....

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.... groups, enrolled, regularly attending and completing elementary education and demonstrating basic learning levels. There are two key thrusts of activities financed under the project viz (i) Improving....

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.... quality with equity; and (ii) Universalizing access and promoting equity. The Agreement was signed by Shri M. Prasad, Joint Secretary, Department of Economic Affairs, Ministry of Finance on behalf ....

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....of Government of India and Mr. Rachid Benmessaoud, Acting Country Director on behalf of the World Bank. The World Bank's efforts to assist with US $ 600 million have been supplemented by two other e....

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....xternal development partners, namely, Department for International Development (DFID, UK) and European Commission with US $ 375 million. The total cost of SSA II project is around US $ 10,700 million;....

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.... so the external development partners are financing about 11% of the project cost. The closing date of the project is 31.3.2010. ****** /SS/GN-194-08<BR> News - Press release - PIB....