Budget 2024 for Education Sector: Expectations, Impact, Past 5 Years Union Budget Declaration & Highlights

Education Sector

Female enrolment in higher education has gone up by twenty-eight per cent in ten years.
The National Education Policy 2020 is ushering in transformational reforms.
PM ScHools for Rising India (PM SHRI) are delivering quality teaching, and nurturing holistic and well-rounded individuals.

Who Got What

Education Sector

Revamping teacher training through innovative teaching methods, continual professional growth, surveys, and ICT integration. District Institutes of Education and Training will evolve into active centers of excellence for this objective.
Establishing a National Digital Library to ensure access to high-quality books across regions, languages, genres, and devices. Encouraging states to establish physical libraries at local levels and facilitate access to the National Digital Library.
Establishing three centers of excellence dedicated to Artificial Intelligence within leading educational institutions.

Education Sector

A rise in the budget allocation for education sector was announced.
The announcement for education in the Union Budget 2022-23 was mainly focused on digital education, the creation of a digital university, job creation, agricultural universities, skill development of programmers, etc.

Education Sector

It was announced that the Higher Education Commission of India will form an umbrella body comprising four distinct entities for standard setting, accreditation, regulation, and funding.
Qualitative improvements announced for more than 15,000 schools to effectively implement the National Education Policy.
An umbrella framework was announced to be established in nine cities to foster enhanced collaboration among research institutes, universities, and colleges under the central government.
Collaborating with non-governmental organizations, private schools, and states, the plan includes establishing 100 new Sainik Schools.
Improved access to higher education in the region, a central university to be established in Leh.

Education Sector

A 5 per cent increase in the allocation for the education sector was announced
Proposal for Ind-SAT to attract students from Asian and African countries under the Study in India program
Introduction of full-fledged online degree programs by top 100 institutions

Education Sector

Finance Minister Piyush Goyal announced higher budgetary allocations for Education
Proclaimed deduction of interest on education loans
25% additional seats in educational institutions were announced
10% reservation for the EWS category in educational institutions was also declared