India and Nepal signed an Memorandum of Understanding (MoU) in the third week of June 2013 to provide assistance for construction of a three – storied school building under India-Nepal Economic Cooperation Programme. The MoU was signed between Indian Embassy in Kathmandu, District Development Committee, Kapilvastu and Shree Higher Secondary School
As per the MoU, India would grant 4.14 crore Nepali rupees for construction of School building in Kapilvastu District under India-Nepal Economic Cooperation Programme.
The Indian grant will help in creation of better facilities in the new building of the Shree Higher Secondary School is situated at Barkalpur, Kapilvastu District that was established in 1979. This building will accommodate more than 1000 students with fifty percent population of girls.
India-Nepal Economic Cooperation Programme
The programme of India-Nepal economic cooperation was launched in 1951. The objective of this programme was and remains to supplement the efforts of the Government of Nepal in the national development of the country. India's assistance programme in Nepal is guided by the vision that alongside progress in political process in Nepal, it is equally important to ensure that economic deliverables, particularly in the areas of education, health and infrastructure, must reach the people without any pre-conditions in a smooth, quick and unencumbered manner.