Quality Education India Development Impact Bond

young girl interacting in classroom

The Quality Education India Development Impact Bond is an innovative results-based funding mechanism that aims to improve learning outcomes for around 200,000 primary school children. Launched in 2018, the $11m fund is the world’s largest education impact bond. The Quality Education India Development Impact Bond will run over four years and is supported by an international coalition of private and not-for-profit sector organisations.

A typical Indian student is at least two grades behind the age-appropriate learning level.

The problem 

Though India has made progress towards achieving universal primary school enrolment, an acute learning crisis remains. Attention is now focused on improving the quality of education and particularly improving literacy and numeracy levels in line with the United Nations Sustainable Development Goal 4 on quality education.

The solution 

The Quality Education India Development Impact Bond focuses on improving the quality of education through teacher and headteacher training, remedial education for slow learners, whole school development and educational technology. It will improve the quality of literacy and numeracy learning among primary school children from marginalised communities in India across four locations.

About the programme

  • Exceeded targets two years in a row, reaching 104,000 students
  • Children are learning twice as fast as those in non-participating schools and almost all service providers have performed exceedingly well
  • During COVID-19, partners worked together to trial innovative ways to ensure learning continued and supported safety of staff and students
  • To support informed decision making, partners have developed the ‘Cost Effectiveness Guidebook for Educational Initiatives’ to provide guidance to government bodies and funders on prices to expect per learning outcome for effective education interventions in India.

Our partners

The Quality Education India Development Impact Bond is an innovative collaboration between the British Asian Trust, UBS Optimus Foundation, the Michael & Susan Dell Foundation, Comic Relief, the Mittal Foundation, the Larry Ellison Foundation, BT, the Foreign, Commonwealth & Development Office (FCDO), and Tata Trusts. Our programme delivery partners are Gyan Shala, Kaivalya Education Foundation, Educational Initiatives, Pratham Infotech Foundation and Society for All Round Development. 

Partners standing together in front of a board


  • Cost effectiveness guidebook for education interventions

    two young girls learning outside, India
  • Webinar: Year 2 Results of the Quality Education India Development Impact Bond and Beyond

    Top Marks For India’S Largest Development Impact Bond
  • News

    The launch of the world's largest Education Development Impact Bond

    The Launch Of The World’S Largest Education Development Impact Bond
  • News

    Support for the DIB from HRH The Prince of Wales

    HRH The Prince Of Wales Supports The British Asian Trust’S Education Development Impact Bond For India