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

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

[February-2021]

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.

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Courtesy: PIB