Financial Assistance from other Countries for SSA

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 29^th May, 2014. The IDA credit is effective from 27^th August, 2014 till 30^th 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)

Year	Amount disbursed by World Bank (IDA)	Amount disbursed by EU
2014-15	1200.166	Nil
2015-16	1910.948	171.86
2016-17	1510.766	Nil
Total	4621.880	171.86

  

This information was given by the Minister of State (HRD), Shri Upendra Kushwaha today in a written reply to a Rajya Sabha question.

Courtesy: pib.nic.in