![Chhattisgarh receives Centre’s nod for World Bank funded school project](https://www.gkseries.com/blog/wp-content/uploads/2022/07/download-2022-07-12T082916.700.jpg)
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.