Dr. Shamika Ravi, Director of Research, Brookings India and Member of the Economic Advisory Council to the Prime Minister of India added, "I congratulate Educate Girls for a very successful proof of concept of Development Impact Bonds in India. They have shown the way of bringing the market disciplines, accountability and greater dynamic efficiency into the social sector where India has a long way to go."
The launch of the results was preceded by a panel discussion on "Financing the Future of Education in India - Scaling Impact in Education through Innovative Financing". The discussion was moderated by Dr. Shamika Ravi, Director of Research, Brookings India and Member of the Economic Advisory Council to the Prime Minister of India.
The panelists included Mr. Hisham Mundol, Country Head, Children's Investment Fund Foundation; Mr. Nehal Sanghavi, Senior Advisor for Innovation and Partnership, USAID India; and Ms. Safeena Husain, Founder, and Executive Director, Educate Girls.
About Educate Girls
Established in 2007 Educate Girls' focus is on mobilizing communities and leveraging the government's investment for improving girls' education in India.
Aligned to the 'Right to Education Act', the organization is strongly committed to the Government's vision to improve access to primary education for children, especially young girls. By leveraging the Government's existing investment in school, Educate Girls delivers measurable results to a large number of beneficiaries and avoids duplication or parallel delivery of services.
Educate Girls believes that if girls in educationally backward districts are educated, they will have the potential to enter the formal economy, gain employment and lift their families out of poverty.
The sustainability and scalability of the model have enabled Educate Girls to consistently expand operations to include more districts. It is now actively working with the Government and with rural communities across 16 districts of Rajasthan and Madhya Pradesh in India reaching over 25,000 government-run primary schools across 13,000 villages in some of India's most rural and remote areas.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)