Bhopal: The Madhya Pradesh government is planning to avail Rs 1,000 crore World Bank assistance for bringing in qualitative improvement in higher education sector, a senior official said.
A detailed report in this regard would be prepared after wider consultations and preliminary discussions which were in progress, Higher Education Minister Laxmikant Sharma told reporters here after meeting a World Bank team.
The World Bank team also met Chief Minister Shivraj Singh Chouhan and submitted a report based on a conference of education experts organised by the bank in September last year.
Sharma said the interest for the long-term loan would be at the rate of one per cent only. Details were being worked out. This initiative is likely to give a quantum jump in the higher education sector in the state.
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