Centre allocates Rs 93,847.64 to provide quality education for all
Budget announces Rs 37,461.01 crore for higher education, Rs 56,386.63 crore for school education, and National Education Mission increased to Rs 38,572 crore
TIMES NEWS NETWORK 04.02.2019
The Budget 2019 has put maximum emphasis on quality improvement programmes and has allocated funds to boost the setting up of new IIMs, IITs and research.
There has also been 245% increase in the allocation for quality improvement programmes in Technical Education (TEQIP-III).
Budget allocations have also been increased for setting up new IIMs and new Schools of Planning and Architecture.
For research programmes such as IMPRESS, Rs 130 crore has been allotted marking an increase of 37% compared to the previous year.
The IITs have been allocated Rs 6,223 crore in the interim budget apart from projects valued at Rs12,028 crore which have been sanctioned from Higher Education Financing Agency (HEFA). More projects under HEFA will be announced in the coming year. The Central Universities have been provided Rs 6,484 crore while UGC has been allocated Rs 4900 crore.
In order to improve the skill levels among students, allocation for skill-centric programmes has been raised from Rs 40 crore to Rs 125 crore.
Overall, the HRD ministry received a budget allocation of Rs 93,847.64 crore in order to provide quality education for all in the interim Budget 2019-20 which is more than Rs 10,000 crore from the previous year’s budget allocation.
The government has increased budget allocation to the higher education sector by Rs 2,450 crore and has also made available more than Rs 17,000 crore using the HEFA funding mechanism. Total fund availability for the higher education sector for 2019-20 would be Rs 69,193.68 crore in 2019-20 which is almost double as compared to the last year.
The government has also provided an additional equity of Rs 2,100 crore to HEFA to help mobilise funds for building superior infrastructure in higher educational institutions. An increase of 70% has been allocated for the Unnat Bharat Abhiyan, under which 10,000 villages have been adopted by the higher educational institutions.
Commenting on the budget, D A Prasanna, director, The National Institute of Engineering College, Mysore said, “Compared to last year’s budget, the significance given to education sector is really not up to the sectoral expectation. However, the positive side of it is that, the outlay for premier engineering institutions including the IITs and IIMs has increased. Also the allocation for research and higher education has increased. Aspiration of institutes to rank high in the country and the world, will take a longer period to realise.”
Budget announces Rs 37,461.01 crore for higher education, Rs 56,386.63 crore for school education, and National Education Mission increased to Rs 38,572 crore
TIMES NEWS NETWORK 04.02.2019
The Budget 2019 has put maximum emphasis on quality improvement programmes and has allocated funds to boost the setting up of new IIMs, IITs and research.
There has also been 245% increase in the allocation for quality improvement programmes in Technical Education (TEQIP-III).
Budget allocations have also been increased for setting up new IIMs and new Schools of Planning and Architecture.
For research programmes such as IMPRESS, Rs 130 crore has been allotted marking an increase of 37% compared to the previous year.
The IITs have been allocated Rs 6,223 crore in the interim budget apart from projects valued at Rs12,028 crore which have been sanctioned from Higher Education Financing Agency (HEFA). More projects under HEFA will be announced in the coming year. The Central Universities have been provided Rs 6,484 crore while UGC has been allocated Rs 4900 crore.
In order to improve the skill levels among students, allocation for skill-centric programmes has been raised from Rs 40 crore to Rs 125 crore.
Overall, the HRD ministry received a budget allocation of Rs 93,847.64 crore in order to provide quality education for all in the interim Budget 2019-20 which is more than Rs 10,000 crore from the previous year’s budget allocation.
The government has increased budget allocation to the higher education sector by Rs 2,450 crore and has also made available more than Rs 17,000 crore using the HEFA funding mechanism. Total fund availability for the higher education sector for 2019-20 would be Rs 69,193.68 crore in 2019-20 which is almost double as compared to the last year.
The government has also provided an additional equity of Rs 2,100 crore to HEFA to help mobilise funds for building superior infrastructure in higher educational institutions. An increase of 70% has been allocated for the Unnat Bharat Abhiyan, under which 10,000 villages have been adopted by the higher educational institutions.
Commenting on the budget, D A Prasanna, director, The National Institute of Engineering College, Mysore said, “Compared to last year’s budget, the significance given to education sector is really not up to the sectoral expectation. However, the positive side of it is that, the outlay for premier engineering institutions including the IITs and IIMs has increased. Also the allocation for research and higher education has increased. Aspiration of institutes to rank high in the country and the world, will take a longer period to realise.”
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