The approval for sharing the cost in the ratio of 75:25 for 2012-13 was given by the Cabinet Committee on Economic Affairs which met here today.
The move is aimed at reducing the burden on the state governments thereby resulting in effective and speedy implementation of the model school scheme, said a government statement.
The scheme aims to set up one senior secondary school each in 6,000 blocks as benchmark of excellence, 3,500 of which will be set up under State/UT governments in educationally backward blocks.
The funding pattern for the scheme during the 12th plan period coming into effect from this year was to change from 75:25 to 50:50.
However, since implementation of state sector component of the scheme started from the third year of the 11th Plan and only 1,954 of the 3,500 schools have been approved till March, 2012, it was felt reduction in quantum of central share at this stage would result in premature shifting of burden to the states, officials in the HRD Ministry said.
While each school will have 560 students, total number of beneficiaries of 3,500 schools will be 19.60 lakh students.
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For this fiscal, Rs 1080 crore has been allocated for the scheme. Any financial liability arising due to continuation of sharing pattern of 75:25 would be taken care of within the said allocation, the government statement said.
Out of the 6,000 schools, 2,500 schools are to be established under PPP mode in blocks which are not educationally backward.
Till March this year, 1,954 model schools have been approved in 22 States and Rs 1790.76 crore has been sanctioned for setting up of 1,587 model schools in 21 States.
Out of these, 428 model schools have become functional till March in 27 States and Central share of Rs 29.46 crore towards recurring grants has been released since 2010-11, the statement said.