Prior to STARS, the bank had provided a total assistance of more than USD 3 billion towards this goal.
At the national level, through the Samagra Shiksha, and in partnership with the states of Himachal Pradesh, Kerala, Madhya Pradesh, Maharashtra, Odisha, and Rajasthan, it said, STARS will also help improve learning assessment systems, strengthen classroom instruction and remediation, facilitate school-to-work transition, and strengthen governance and decentralised management.
India recognises the need to significantly improve its learning outcomes to fuel future growth and meet the demands of the labour market, World Bank Country Director in India Junaid Ahmad said.
"STARS will support India's response to this challenge by strengthening implementation at the local level, investing in teacher capacity and ensuring that no child of any background is left behind from the right to education," he said.
Investing more in the early years of education will equip children with the skills required to compete for the jobs of the future, he added.
The multilateral funding agency noted that India has, over the years, made significant strides in improving access to education across the country; between 2004-05 and 2018-19, the number of children going to school increased from 219 million to 248 million.
However, the learning outcomes of students across all age groups continue to remain below par.
The USD 500 million loan from the International Bank for Reconstruction and Development (IBRD), has a final maturity of 14.5 years, including a grace period of five years.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.