Budget 2020 Earmarks Rs. 99,300 Cr for Education

Pic Courtesy: Business Today

Union Finance Minister Nirmala Sitharaman on Saturday announced allocation of Rs. 99,300 crore for education, which she tagged as one of the key points of Prime Minister Narendra Modi’s vision of “Aspirational India”. The finance minister also earmarked Rs. 3,000 crore for skill development.

The budget has emphasized more on education, health, women empowerment.

The outlay marked a big hike over the revised Rs. 94,853.64 crore earmarked for the education sector in the 2019-20 fiscal.

Presenting the union budget for 2020-21, Sitharaman said that the third point under Aspirational India is Education and Skills adding that education needs a greater inflow of finance.

She proposed a number of projects including a Forensic science university, degree-level online programmes by top 100 institutions, and what she called a bridge course by the Health Ministry to meet the huge demand abroad for teachers, nurses, paramedical staff and caregivers.

The minister also announced that the urban local bodies across the country will provide one-year internships to engineering students. She said, under Study in India programme, an INDSAT exam is proposed for Asian and African students saying it would be used to benchmark foreign students who wish to pursue higher education in India.

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