CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How much loan has been approved by the ADB to help the government of India to improve the quality of the country’s school education?
A
$ 500 million
B
$ 100 million
C
$ 300 million
D
$ 250 million
Explanation: 

Detailed explanation-1: -ADB has approved USD 500 million (about Rs 3, 752 crore) loan to help the government of India improve the quality of the country’s school education and mitigate the impact of the coronavirus disease (COVID-19) pandemic on students’ learning, ADB stated on Thursday.

Detailed explanation-2: -The STARS program builds on the long partnership between India and the World Bank (since 1994), for strengthening public school education and to support the country’s goal of providing ‘Education for All’. Prior to STARS, the Bank had provided a total assistance of more than $3 billion towards this goal.

Detailed explanation-3: -ADB’s loan supports the Integrated Scheme for School Education (Samagra Shiksha) and the new Exemplar School Initiative of the Ministry of Education.

Detailed explanation-4: -Washington, DC, June 21, 2022 - The World Bank Board of Executive Directors today approved additional financing of $250 million for Outcomes for Accelerated Learning (GOAL), a program which aims to improve education results for children across the state of Gujarat.

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