From January 2016, parents along with the students will be able to gauge the quality of schools by looking at the assessment and the grading which will be done by the State Assessment and Accreditation Council. State Education Minister had announced that the assessment body might get established by January. If schools have high grades then they will receive various incentives. If schools get low grades then the state will provide them a period of three years for improvement, otherwise they will bepenalised.
Source: http://goo.gl/PdsjhG