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Budget 2024 for Students
What are the top expectations for a Students from the upcoming Interim Budget 2024-2025? Whatever the profession you are in financialexpress.com has listed all the benefits for each profile on its dedicated page Who Gets What. Navigate through all the declarations and announcements at a glance from the current and past Union Budgets on this page.
Budget 2024 Announcements for Students
Students
- The National Education Policy 2020 is ushering the transformation of reforms
- Upskill and reskilled 54 lakh youth
- 7 IITs, 16 IIITs, 390 Universities, set up
Who Got What
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sectors
Budget Announcements for Students in FY2024
Students
- 38,800 teachers and staff to be recruited for 740 schools serving 3.5 lakh tribal students.
- Three centers for Artificial Intelligence will be set-up in top educational institutions.
- 157 nursing colleges to be set-up in co-location with the existing 157 medical colleges.
- A National Digital Library for children and adolescents will be set-up for facilitating availability of quality books across geographies, languages, genres and levels.
Budget Announcements for Students in FY2023
Students
- Implementation of virtual labs and skilling e-labs to foster critical thinking skills and create a dynamic learning environment
- Establishment of a Digital University aimed at providing universally high-quality education.
- Delivery of high-quality e-content through Digital Teachers to enhance educational resources.
Budget Announcements for Students in FY2022
Students
- Strengthening 15,000 schools by implementing all components of the National Education Policy (NEP) to serve as model schools for mentoring others.
- Establishment of 100 new Sainik Schools in collaboration with NGOs, private schools, and states.
- Introducing legislation to establish the Higher Education Commission of India with separate entities for standard – setting, accreditation, regulation, and funding.
- Creation of a formal umbrella structure to enhance synergy among government colleges, universities, and research institutions within cities, supported by a 'glue grant' across 9 cities.
- Plan to establish a Central University in Leh for improved access to higher education in Ladakh.
Budget Announcements for Students in FY2021
Students
- Allocation of Rs. 99,300 crore for the education sector and Rs. 3,000 crore for skill development in 2020 -21
- Expected announcement of the New Education Policy.
- Proposal for National Police University and National Forensic Science University for policing and forensic sciences.
- Introduction of full – fledged online degree programs by top 100 institutions.
- Urban Local Bodies to offer up to a 1 – year internship for fresh engineers.
- PPP model for attaching medical colleges to district hospitals.
- Development of special bridge courses by Health and Skill Development Ministries for workforce demands abroad.
- Introduction of apprenticeship – embedded degree/diploma courses in 150 higher educational institutions by March 2021.
- embedded degree/diploma courses in 150 higher educational institutions by March 2021.
- Proposal for Ind – SAT to attract students from Asian and African countries under the Study in India program.
Budget Announcements for Students in FY2020
Students
- The government allocated Rs 93,848 crore, accounting for 3.3% of the total budget expenditure, to the education sector.
- The allocation for Higher Education Financing Agency (HEFA) decreased from Rs 2,750 crore last year to Rs 2,100 crore this year.
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