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Loan scheme equips Indian schools for a brighter future A non-profit British education consultancy and a multinational bank have launched a programme to help Indian schools upgrade equipment in a bid to boost low-income families' education. The Enabling Quality Improvement Programmes in Schools (EQUIP) lets some Indian private schools for children of low-income families borrow money for computers, furniture, library books, teaching material, sports equipment and building repairs. The Hong Kong and Shanghai Banking Corporation provides cheap finance and the Centre for British Teachers (CfBT) identifies suitable schools for the scheme and gives technical support including a school improvement plan. Successful schools are eligible for an education grant from the UK-based HSBC Education Trust when the loan is repaid. CfBT is a non-profit education resource management organisation based in the United Kingdom that supports schools, trains teachers and assists governments to bring about educational improvement. It also carries out school inspections in the UK for the Office for Standards in Education and has more recently started managing UK state schools under public/private partnership arrangements. Information on EQUIP. More information on CfBT.
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