The Chhattisgarh Government has received in- principle nod from the Centre for $300 million school education project which is funded by the World Bank. Loan tenure: 5 years, the state government has to payback this amount over a period of 20 years.
Aim: To boost the education system of Chhattisgarh.
In-principle nod: The central government has no objection with the State borrowing money from international financial institution like World Bank.
