(FREE) UPSC Current Affairs 2024 PDF

(The Gist of PIB) Agreement for financial support to STARS project

(THE GIST OF PIB) Agreement for financial support to STARS project

Agreement for the financial support of the implementation of Strengthening Teaching-Learning and Results for States (STARS) project of Ministry of Education (MOE) was signed between Department of Economic Affairs (DEA) and World Bank along with Ministry of Education.

About:

Earlier Union Cabinet has approved the proposal of STARS project in October 2020.
The Program envisions improving the overall monitoring and measurement activities in the Indian school education system through interventions in 6 States viz Himachal Pradesh, Rajasthan, Maharashtra, Madhya Pradesh, Kerala and Odisha.

Implementation Mechanism:

STARS project would be implemented as a new Centrally Sponsored Scheme under Department of School Education and Literacy (DoSEL), MOE.
DoSEL, MoE is the main implementing agency at the national level. At the State level, the project will be implemented through the integrated State Implementation Society (SIS) for Samagra Shiksha.

Financing:

The total project cost of STARS project is Rs 5718 crore with the financial support of World Bank amounting to US $ 500 million (approximately Rs. 3700 crore) and rest coming as State share from the participating States, over a period of 5 years.
The proposed World Bank support under STARS is primarily in the form of a results-based financing instrument called Program for Results (PforR). A State Incentive Grant (SIG) will be used to encourage States to meet desired project outcomes.