Now Reading: ADB and Karnataka sign Rs 1,750 crore loan to upgrade 500 schools
-
01
ADB and Karnataka sign Rs 1,750 crore loan to upgrade 500 schools
The Asian Development Bank and the Karnataka government signed a loan agreement for Rs 1,750 crore on Friday to upgrade 500 government schools into Karnataka Public Schools (KPS) over four years. The…
The Asian Development Bank and the Karnataka government signed a loan agreement for Rs 1,750 crore on Friday to upgrade 500 government schools into Karnataka Public Schools (KPS) over four years. The state government will contribute an additional Rs 750 crore, taking the total project cost to Rs 2,500 crore.
School Education Minister Madhu Bangarappa said the ADB assistance is the largest financial support the bank has given to India's education sector. The schools will be selected based on criteria prioritising those with potential to attract more students, and each KPS will have capacity for at least 1,200 students.
The project includes bilingual education, teacher training, computer science and artificial intelligence learning, and vocational skill education. Of the ADB loan, Rs 262.5 crore has already been released, with further tranches due each year until 2029-30. Detailed project reports for 100 schools are ready.
Indian Opinion Analysis
Karnataka's move to create model public schools mirrors the Centre's PM SHRI scheme, but the state is funding its own upgrades through multilateral borrowing rather than central allocations. With 500 schools each targeting 1,200 students, the plan could affect 6 lakh children if fully enrolled. The key risk is whether the state can sustain the higher per-student spending after the loan period ends. Watch for the first batch of upgraded schools to open in 2026-27, which will test demand among parents who have fled to private schools.
Source: deccanherald.com
This story was synthesised by AI from the source linked above.
