Giving Compass' Take:
- Rachel Chan explains that education outcomes in India can only improve if funders help scale impact on new policies, such as the National Education Policy that will help strengthen the future education landscape of India.
- What are the barriers for funders in helping improve education outcomes in India?
- Here are four methods for effectively funding education.
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The 2019 draft National Education Policy (NEP) is touted as the policy set to have the most transformational impact on India’s education system. As the only education policy that accounts for the effects of the Internet and Telecom revolutions, the NEP drafting process also granted key players of the India education landscape a seat at the table. This is an unprecedented development in India’s education landscape and will act as a blueprint for the future of education in India.
Indeed, we need to build foundations of trust to harness the NEP’s potential for public-private partnerships. This is our first step in addressing stubborn barriers around improving education outcomes in India.
One of the biggest barriers to improving education outcomes in India arises when solution providers are unable to find funders to scale their impact. This is symptomatic of a nascent financial system that is still slowly embracing non-traditional forms of impact capital to tackle social issues at hand. It also points to a bigger question of what ‘scale’ means to different stakeholders. Funders and implementers need to collectively define and establish a common language to organise the sector for collaboration outcomes.
The Forum surfaced many perspectives around the perceived difficulties in financing education for scale. We identified the three biggest challenges, and explored what needs to be done to overcome them.
Read the full article about scaling education in India by Rachel Chan at AVPN.