World Bank Projects
World Bank, sharing the concerns of the developing countries, has been assisting the development and modernization of the Technician Training in the country. The Bank has already executed two such assistance projects and it is finally in the 3rd project of its kind, that the State of Jammu & Kashmir alongwith the 7 North-Eastern States have been able to receive the World Bank Assistance.
After hectic negotiations with the World Bank, the Project titled 'Tech. Ed-III Project (CR 3413 - IN)' with a total cost of Rs 64.746 Crores for the J&K State @ Rs 44.635 per US $ as on 26-06-2001 (subject to revision depending upon Rupee-US$ exchange rate) was signed by the Project States / Government of India with IDA/World Bank on October 18th 2000 at New Delhi. The Project had a Retro-active/Pre-project period from 18th October 99 to 17th October 2000.
Regular Project Expenditure is being made for a period of 5 years from 18th October 2000 to ending June 2006.
The project cost has now been revised to Rs.72 crores and two new Polytechnics at Leh and Kargil shall also received World Bank Assistance of Rs.8 Crores each. These Polytechnics shall start functioning from the year 2005-2006. Following Course shall be offered in these Polytechnics:
Government Polytechnic, Kargil
Government Polytechnic, Leh
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