The Cabinet Committee on Economic Affairs (CCEA) Thursday approved a proposal for setting up 107 new Kendriya Vidyalayas (KVs) during the remaining period of the Eleventh Five Year Plan (2007-12).
Announcing the decision, Home Minister P. Chidambaram said the new KVs will cater to about 103,000 students throughout the country.
He was briefing reporters after a CCEA meeeting chaired by Prime Minister Manmohan Singh.
The total financial requirement for construction and operation of these new KVs will be Rs.526.99 crore during the 11th Plan with a spillover of Rs.279.48 crore towards capital cost during the 12th Plan.
The central sector scheme of Kendriya Vidyalayas (KVs) was started in 1962 with the objective of providing educational facilities of a uniform standard throughout the country to the children of transferable central government employees.
The scheme started with 20 regimental schools in 1963-64 and has now grown to 980 schools.