The World Bank has approved a $255.5-million loan for improving the quality of technical education in government-run institutions in India. Over the next five years, the project will support around 275 government-run technical institutions in selected States across the country, benefitting more than 3,50,000 students each year.

The Multidisciplinary Education and Research Improvement in Technical Education Project will support in improving student skills and employability by focusing on better research, entrepreneurship, and innovation; and improve governance in technical institutions. 

As a part of the project, students will get access to upgraded curricula, including emerging technologies in communication and climate resilience. They will also benefit from better internship and placement services, including opportunities to network with professional associations, the World Bank has said. 

“World Bank’s Board of Executive Directors have approved a $255.5-million loan to help India improve the quality of its technical education and provide more career opportunities to students,” the US-based multilateral institution has said in a statement. 

Tertiary education in India has been growing steadily from 2.9 crore enrolled students in 2011-12 to 3.9 crore enrolled students across 40,000 institutions in 2019-20.