Case Study of the Day: Development Impact Bond Improving Girl’s Education in Rajasthan

Background: An innovative financing experiment called the Educate Girls Development Impact Bond (DIB) was started in Rajasthan in 2015, to enroll and improve the quality of education for the girls in the state.

About Development Impact Bond (DIB)

• The Educate Girls Development Impact Bond (DIB) was the first DIB to be launched worldwide.
• The DIB was initiated with the intention to scale Educate Girls’ impact, with a target to enroll and improve the quality of education for 15,000 girls in Rajasthan.
• Prior situation and issues:
  • In spite of the Indian government’s substantial commitment to education, nearly three million girls are still out of school despite being eligible.
  • Rajasthan has particularly poor school access for girls.
  • In rural parts of the state, a girl is more than twice as likely to be out of school as boys.

The DIB offered the Solution with following Interventions

• • DIB utilizes an integrated community-based approach to provide education to young girls aged 6-14 in Rajasthan India.
  • Educate Girls’ strong community ties provide them with a unique position to positively influence and communicate the value of education within rural Indian communities in Rajasthan.
  • DIB’s understanding of the cultural context and its flexible teaching approach, allows them to create tailored teaching programmes that adapt to the needs of the end user, which ultimately improves the quality of their education.

Impact of DIB

• • By the year 2018, it reached above its target by achieving 116% enrolment and 160% of the learning target.
  • DIB introduced a shift from classroom-focused to group-focused approach.
  • It provided after-school support, allowing community volunteers to meet students and parents outside of the classroom to address specific concerns and focused on outreach to improve enrolment of students in hard-to-reach districts.

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