World Bank approves TEQIP III loan

Q.  WB approved a loan for TEQIP III. What does this stand for?
- Published on 30 Jun 16

a. Technical Education Quantity Improvement Project III
b. Technical Education Quality Improvement Project III
c. Technical Education Improvement Quality Project III
d. None of the above

ANSWER: Technical Education Quality Improvement Project III
 
World Bank’s Board of Executive Directors on 24th June 2016 approved USD 201.50 million for Technical Education Quality Improvement Project III in India to improve the quality of engineering education in certain Indian states
  • Objective of the project is enhancing quality and equity in participating engineering education institutes and enhancing the efficiency of the engineering education system in focus states
  • Maturity period for the project of 25 years was extended with an additional 5 years grace period
  • There are two components of the projects- improving quality and equity in engineering institutes in focus states

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