The World Bank (WB) approved a $255.5 million loan to India to improve the quality of its technical education and provide more career opportunities to students. As per the agreement, over the next five years, the funds will support around 275 government-run technical institutions in select states across the country, benefitting more than 350,000 students each year.

The Multidisciplinary Education and Research Improvement in Technical Education Project will focus on improving student skills and employability by promoting better research, entrepreneurship, and innovation; and improving governance in technical institutions.

As part of the project, students will access upgraded curricula including emerging communication and climate resilience technologies. They will also benefit from better internship and placement services, including opportunities to network with professional associations.