The World Bank’s Board of Executive Directors on 24 June 2016 approved 201.50 million US dollars for Technical Education Quality Improvement Project III (TEQIP III) in India to improve the quality of engineering education in select Indian states.
The objective of the project is to enhance quality and equity in participating engineering education institutes and improve the efficiency of the engineering education system in focus states.
The maturity period for the project if 25 years with an additional 5 years grace period.
Two Components of the Projects
Improving quality and equity in engineering institutes in focus states
• It will focus on improving engineering education in all government and government-aided colleges including the ATUs in Andaman and Nicobar Islands, LIS, states in the North East of India and hill states.
• It has three sub-components:
(i) institutional development for participating institutes
(ii) widening impact through ATUs
(iii) twinning arrangements to build capacity and improve performance of participating institutes
System-level initiatives to strengthen sector governance and performance
• It will support the Ministry of Human Resource Development (MHRD) and key apex bodies including the All India Council for Technical Education (AICTE) and National Board of Accreditation (NBA).
• It will strengthen sector governance, management, accountability mechanisms and performance in the overall system of engineering education.
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Who: World Bank
When: 24 June 2016