New Delhi, June 10 (ANI): The Cabinet Committee on Economic Affairs (CCEA) today approved the proposal for initiation of second phase of technical education, quality improvement programme.
Briefing media after meeting, Home Minister P Chidambaram said that the project will involve an expenditure of over two thousand four hundred crore rupees.
The total project expenditure is Rs.2430 crore, in which the World Bank contribution is Rs.1395.50 crore, the Government of India contribution is Rs.500 crore, the States' contribution is Rs.518.50 crore and private unaided institutions contribution is Rs.16 crore.
The project will be implemented in pursuance of the National Policy on Education through MHRD as a "centrally sponsored scheme" with matching contribution from State Governments and Union Territories (UTs).
The project will be open for competition and participation by all All India Council for Technical Education approved engineering institutions from all States / Union Territories across the country.
The CCEA also approved proposal of Japan International Cooperation Agency assisted Ganga Action Plan phase two at Varanasi.
The project will have direct beneficial impact in terms of reduction of pollution load in river Ganga besides collateral benefits like irrigation by effluents from Sathwa Sewage Treatment Plant (STP), and employment opportunities.
It also approved implementation existing national micro-irrigation schemes as national mission with an outlay of over eight thousand crores. (ANI)