The World Bank and Asian Infrastructure Investment Bank (AIIB) will provide a loan of Rs 7,500 crore for the Gujarat government's Mission School of Excellence project that aims to improve the quality of education in the state, an official said on Tuesday. Under the Mission School of Excellence project, the state government will spend Rs 10,000 crore in the next five years and cover all 35,133 government and 5,847 grant-in-aid schools in the state. The funds will be spent on building 50,000 new classrooms, creating 1.5 lakh smart classrooms, 20,000 new computer labs and 5,000 tinkering labs in 41,000-odd government and grant-in-aid schools across the state. It is estimated that nearly one crore school students will benefit directly from this ambitious project in the next five years.