Recently the Cabinet Committee on Economic Affairs has approved a proposal for setting up of 107 new Kendriya Vidyalayas during the remaining period of the Eleventh Five Year Plan. The new KVs are to cater to about 1,03,000 students throughout the country. INR 526.99 crore is the estimated amount that is required for the construction and operation of these new Kvs, during the XI th Plan with a spillover of INR 279.48 crore towards capital cost during the XIIth Plan.
The objective with which the Central Sector Scheme of Kendriya Vidyalayas (KVs) was started in 1962, was to provide 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 have 980 schools, which are pace-setting in nature.