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New Delhi [India], November 25 (ANI/PNN): The results released for the Haryana Early Literacy Development Impact Bond (DIB): A Pay-for-Success model show significantly improved learning outcomes in 164,000 children of 3,300 primary classes in government schools, despite the COVID-19 pandemic. At the end of the three-year project (2019-22), children in intervention schools could fluently read at 42.4 words per minute (which meets the Global Minimum Proficiency standards), while children in non-intervention schools could read only 30.3 words per minute. This meets the rallying call for improvement in education given by Prime Minister Narender Modi while addressing the conclave on 'School Education in the 21st Century' under the NEP2020. He said, "It must be ensured that every child who crosses the third grade can easily read 30 to 35 words in a minute." This is the first CSR-funded Development Impact Bond (DIB). DIB is an outcome-based investment instrument that involve

New delhiUttar pradeshVrinda swarupPramod kumarDhir jhingranSanjay prakashPrarambhik bhasha shikhshan karyakramRoopa satishRitesh aggarwalShaveta sharma kukrejaService provider implementationHar ghar schoolService providerDevelopment impact bondIndusind bankHaryana development bond