Cabinet approves project worth Rs 5718 crore under New Education Policy (NEP-2020)
States will be provided assistance in the areas of development, implementation and evaluation to improve the education structure
New Delhi: The Union Cabinet on Wednesday approved the ‘STARS’ project related to implementation of the new education policy, which is estimated to cost Rs 5718 crore.
Information and Broadcasting Minister Prakash Javadekar shared this information in a press conference after the cabinet meeting held here on Wednesday presided over by Prime Minister Narendra Modi.
He said that the World Bank would provide financial assistance amounting to $ 500 million for this project. The project will be implemented by the School Education and Literacy Department of the Ministry of Education under the centrally sponsored new scheme.
Currently, six states – Himachal Pradesh, Rajasthan, Maharashtra, Madhya Pradesh, Kerala and Odisha – will be brought under its purview.
Under this project, states will be provided assistance in the areas of development, implementation and evaluation etc. to improve the education structure.
The Minister said, ‘this is an important milestone and the beginning of the New Education Policy.’ Addressing to the media after the Cabinet meeting, Information and Broadcasting Minister Prakash Javadekar said that the total project cost is 5,718 crore rupees with the financial support of the World Bank amounting to $500 million US.