Asian Development Bank (ADB) signs $10 million financing package with Schoolnet India Limited (SIL)

Key facts

• The Asian Development Bank (ADB) signed a $10 million financing package with Schoolnet India Limited (SIL) to improve learning outcomes for 4.5 million students.
• The project aims to scale up digital learning infrastructure in 30,000 government schools across India, marking ADB's first private sector financing for a digital education project in India.
• The Schoolnet Digital Learning Project aligns with India's National Education Policy (NEP) 2020 and targets the installation of computer laboratories in at least 1,000 schools and 58,000 digital classrooms.
• The initiative includes training for at least 56,000 teachers on digital pedagogy and the delivery of learning materials for inclusive and equitable digital teaching.
• The financing includes a $5 million loan from the Leading Asia’s Private Infrastructure Fund 2 (LEAP 2), an ADB-managed fund capitalized with a $1.5 billion commitment by the Japan International Cooperation Agency (JICA).