June 16, 2024

Budget Speech Highlights Relating To Education Sector

7 min read


The Department of School Education has been allocated Rs 68,804.85 crore and Department of Higher Education gets Rs 44,094.62 crore

Union Minister for Education and Skill Development & Entrepreneurship Dharmendra Pradhan has lauded the Union Budget 2023-24 as being inclusive, people-centric and growth-stimulating Budget. 

He highlighted that Ministry of Education has been allocated Rs 112899.47 crore. The budgetary allocation witnessed the jump of 13 per cent (over revised estimates) which is 13,018.34 crore from FY 2022-23, he added. The Department of School Education has been allocated Rs 68,804.85 crore and Department of Higher Education gets Rs 44,094.62 crore.

Highlights from Budget Speech relating to Education Ministry are mentioned below:

– To empower our youth and help the ‘Amrit Peedhi’ realise their dreams, we have formulated the National Education Policy, focused on skilling, adopted economic policies that facilitate job creation at scale, and have supported business opportunities.

– Teachers’ Training will be re-envisioned through innovative pedagogy, curriculum transaction, continuous professional development, dipstick surveysand ICT implementation. The District Institutes of Education and Training will be developed as vibrant institutes of excellence for this purpose.

– Setting up of a National Digital Library for Children and Adolescents for facilitating availability of quality books across geographies, languages, genres and levels and device agnostic accessibility. States will be encouraged to set up physical libraries at Panchayat and ward level.

– To build a culture of reading and to make up for pandemic-time learning loss, the National Book Trust, Children’s Book Trust and other sources will be encouraged to provide and replenish non curricular titles in regional languages and English to these physical libraries. Collaboration with NGOs that work in literacy will also be a part of this initiative. To inculcate financial literacy, financial sector regulators and organisations will be encouraged to provide age-appropriate reading material to these libraries.

Highlights of Budget 2022-23: Department of School Education & Literacy

– There has been an overall increase of Rs 9752.07 crore (16.51 per cent) in the budget allocation of Department of School Education & Literacy in the FY 2023-24 from FY 2022-23 (RE).

– The overall budget allocation in FY 2023-24 is Rs 68804.85 crore out of which Scheme allocation is Rs 54374.48 crore and Non- Scheme allocation is Rs 14430.37 crore.

– Budget allocation for FY 2023-24 in the flagship scheme of PM Poshan has increased by Rs 1366.25 crore (13.35 per cent) from Rs 10233.75 crore in BE 2022-23 to Rs 11600.00 crore in BE 2023-24.

– Budget allocation for FY 2023-24 in the scheme of PM SHRI has increased by Rs 2200.00 crore (122.22 per cent) from Rs 1800.00 crore in BE 2022-23 to Rs 4000.00 crore in BE 2023-24. Under the scheme there is provision of setting up of More than 14500 PM SHRI Schools (PM Schools for Rising India) by strengthening the existing schools from amongst schools managed by Central government/State/UT Government/local bodies. The duration of scheme is proposed to be from 2022-23 to 2026-27. More than 20 lakh students are expected to be direct beneficiaries of the scheme. Schools under PM SHRI will showcase the implementation of the National Education Policy 2020 and emerge as exemplar schools over a period of time, and also offer leadership to other schools in the neighbourhood by providing high-quality education in an equitable, inclusive and joyful school environment that takes care of the diverse background, multilingual needs, and different academic abilities of children and makes them active participants in their own learning process as per the vision of NEP 2020.

– Budget allocation for FY 2023-24 for the World Bank aided Scheme of STARS has increased by Rs 250.00 crore (45.45 per cent) from Rs 550.00 crore in BE 2022-23 to Rs 800.00 crore in BE 2023-24.

– Budget allocation for FY 2023-24 in the scheme of NILP has increased by Rs 30.00 cr (23.62 per cent) from Rs 127.00 crore in BE 2022-23 to Rs 157.00 crore in BE 2023-24.

– Budget allocation for FY 2023-24 in the flagship Scheme of Samagra Shiksha has increased by Rs. 70.11 crore (0.18 per cent) from Rs 37383.36 crore in BE 2022-23 to Rs 37453.47 crore in BE 2023-24.

– Allocation in KVS has increased by Rs 713.98 crore (9.33 per cent) (from Rs 7650.00 crore in BE 2022-23 to Rs 8363.98 crore in BE 2023-24) and in NVS by 1371.50 crore (33.32 per cent) (from Rs 4115.00 crore in BE 2022-23 to Rs 5486.50 crore in BE 2023-24).

Highlights of Budget 2023-24: Department of Higher Education

– In BE 2023-24 for higher education an amount of Rs 44,094.62 crore has been made as compared to Rs 40,828.35 crore in RE 2022-23, which is an increase of 8 per cent.

– In order to implement the NEP 2020 in true spirit, the best Institutions and Universities of the country, under the central government, have been given an additional Rs 4235.74 crore, which is an increase of 12.8 per cent over their allocation last year.

– In BE 2023-24 Grant or UGC has been increased by 9.37 per cent i.e. an increase of 459 crore.

– Grant to CU have been increased by 17.66 per cent, Deemed University by 27 per cent, support to IITs have been increased by 14 per cent and to NITs by 10.5 per cent as compared to BE 2022-23. Also IISC, Bangalore’s Grant has been increased by 15 per cent.

– In BE 2023-24 for Prime Minister Research Fellowship (PMRF) an amount of Rs 400 crore has been provided as compared to Rs 200 crore in BE 2022-23 i.e. 100 per cent increase.

– 3 Centres of Excellence will be set up in educational institutions to ‘Make AI in India and Make AI work for India’. NEP recognises the role of AI in all sectors of the economy which will require new skill set of the work force. AI has important role to play in the Agriculture, Health, Automobiles, Cyber Security, Smart Home/City Infrastructure, Data Analysis, Speech Recognition, Customer Service, Automated Stock Trading, Online shopping, Machine Translation, Digital Personal Assistance.

– CoEs will implement the NEP 2020 vision of multidisciplinary research in agriculture, health and sustainable cities. It will also help premier educational institutions to transform research to cutting edge technology and replicate it to saleable problem solving for a country of our size and diversity.

– National Data Governance Policy-unleash innovation and research by start-ups and academia, a National Data Governance Policy will be brought out. This will enable access to anonymised data and will help drive ‘Anusandhan’ across HEIs.

– 100 labs for developing apps using 5G services will be set up in HEIs., to realise new range of opportunities, business models and employment potential. Labs will cover among others, apps like Smart Classrooms, Precision Farming, Intelligent Transports Systems and Healthcare. This government has been attempting to transform engineering education by introducing courses in emerging sector and make the approach multidisciplinary, not only in IITs, NITs and IISERs etc but in engineering institutions across the country. 100 labs in engineering institutions on 5G technology related applications will provide a fillip to employment, start-ups, businesses and promote innovation and entrepreneurship in our young engineers.

– Recognising the pioneer role of the IITs in research excellence in the country, the FM announced that a research and development grant for indigenous production of Lab Grown Diamond (LGD) seeds and machines will be given to one of the IITs for 5 years. This will ensure an industry led research and innovation effort, with direct impact on exports, employment generation and India’s share in the world trade in this sector.



Source link On Tuesday, the government of India presented its annual budget 2020-21, with a special focus on boosting the economy and driving growth. The sector that saw the most attention was the education sector, with increased investments in infrastructure and research and development. Here are the highlights of the budget relevant to India’s education sector.

First, Finance Minister Nirmala Sitharaman announced a new set of reforms for the Indian Institutes of Technology (IITs). These reforms include an increase in faculty positions, equipment and infrastructure, and an increase in the research funding for IITs.

Second, the government also announced the introduction of a ‘Study in India’ program, which will provide international students with an opportunity to come to India and complete their studies. It will cover a range of disciplines, including engineering, medicine, bio-technology and economics.

Third, the government has allocated Rs. 99,300 crore to the Ministry of Human Resource Development (HRD). This includes funds for the National Research Foundation (NRF) and the Higher Education Commission of India (HECI). The HRD Ministry will also receive additional funds, to be used towards initiatives such as graded autonomy, improving the quality of online education and research, and setting up new institutions.

Fourth, the government also announced several steps to improve the quality of higher education in India. This includes awarding funds to universities under the ‘Impacting Research Innovation and Technology’ (IMPRINT) program, for setting up innovation centers and supporting research projects. In addition, it announced the establishment of a Task Force for reforming higher education and a review of existing higher education institutions.

Finally, the government has announced new initiatives to promote digital literacy, including setting up digital learning centers in every block and creating an online repository of teaching materials.

In all, the budget 2020-21 highlights the government’s commitment to the education sector and its focus on creating a better future for India’s students. With these steps, India is set to become a global leader in education, innovation and research.