For the Centrally Sponsored Scheme Sarva Shiksha Abhiyan (SSA), Government of India has signed a financial agreement with the World Bank’s International Development Association (IDA) for an amount of Special Drawing Rights (SDR) 651.00 million (equivalent to US$1006.2 million) on 29th May, 2014. The IDA credit is effective from 27th August, 2014 till 30th September, 2017 and forms part of the central share of funds released under SSA. In addition, an agreement has been signed with European Union (EU) for an amount of Euro € 80 million for education upto Secondary level out of which € 54 million is earmarked for the SSA, for elementary education. Details of the financial assistance received during the period 2014-15 to 2016-17 for the SSA programme are as under:
(Rs. in crore)
Amount disbursed by World Bank (IDA)
Amount disbursed by EU
This information was given by the Minister of State (HRD), Shri Upendra Kushwaha today in a written reply to a Rajya Sabha question.