budgetary allocation for education in india

Focus on skill development and vocational education

The education budget 2022 is focusing a lot on skilling programmes which is a boon for the nation as the Covid-19 pandemic has caused a major hit in this field.

• The Skill Hub Initiative of MoE and MSDE will be launched in 5000 skill centres during the next year.
• ITIs will start courses on skilling.
• The Digital Ecosystem for Skilling and Livelihood DESH-Stack e-portal will be launched for the skilling, upskilling and reskilling of the youth.
• The e-portal will also provide API-based trusted skill credentials, payment and discovery layers to find relevant jobs and entrepreneurial opportunities
• The skill sector is to be reoriented to promote continuous skilling avenues, sustainability, and employability, and the National Skill Qualification Framework (NSQF) will be aligned with dynamic industry needs.
• 750 virtual labs will be created in science and mathematics.
• 75 skilling e-labs will be created for simulated learning environments.

E-learning in regional languages

The Covid-19 pandemic caused a major learning loss for Indian students. Approximately 1.5 million schools and 1.4 million ECD/Anganwadi centres were closed during this period.

Through pandemic waves since last year, most schools closed and re-opened several times. Consequently nearly 247 million children could not go to school for more than a year.

• The ‘One class, one TV channel' programme of PM eVIDYA will be expanded from 12 to 200 TV channels for all states to be able to provide supplementary education in regional languages for Classes 1 to 12 to make up for the loss of formal education due to Covid-19 pandemic, especially for students from rural areas, weaker sections and SC-ST communities.
• Teachers will be encouraged to develop quality e-content in different languages and different subjects so that any teacher or student can access the content from anywhere and get benefitted. A competitive mechanism to promote development of quality e-content by the teachers will be created to ensure empowered teachers and curious students.
• The concept of digital teachers in all spoken languages will be developed. Learner facing e-content will be developed in innovative teaching formats such that all content can be made simultaneously available through different mediums like online, on TV and on radio.

Job creation

Unemployment issues have been weighing heavy on India’s youth.

• Nirmala Sitharaman said the government was targeting the creation of 60 lakh jobs in 14 sectors through PM Gati Shakti and the Production Linked Incentive (PLI) Scheme for achieving Aatmanirbhar Bharat.
• Sectors of animation, gaming, and comics could bring in an employment boom. An animation, visual effects, gaming, and comic (AVGC) promotion task force will be set up to realize the potential of this sector is also a very welcome step. This will also aid in experiential learning.
• Startups will be promoted to facilitate ‘Drone Shakti’ and for Drone-As-A-Service which will create employment opportunities.

Focus on specialised learning in higher education

Certain sectors like the agriculture industry and the urban planning industries in India are being given more focus for better higher education.

• States will be encouraged to revise the syllabi of agricultural universities to meet the needs of natural, zero-budget, and organic farming, and modern-day agriculture.
• Five existing academic institutions in different regions will be developed in centres of excellence in urban planning. These centres will be provided endowment funds of Rs 250 crore each for developing India-specific knowledge in urban planning and design.
• AICTE will take the lead to improve syllabi, quality and access of urban planning courses in other institutions.
• World-class foreign universities and institutions will be allowed in the Gujarat International Finance Tec-City or GIFT City to offer courses in various subjects like Financial Management, FinTech, Science, Technology, Engineering and Mathematics.

Mental health of students

• The programme will include a network of 23 tele mental health centres of excellence.
• “NIMHANS will be the nodal centre, and IIIT Bangalore will provide technological support for the mental health programme,” Nirmala Sitharaman said.

“The E-Health Research Center at IIITB has been working with NIMHANS, National Health Mission, Govt of Karnataka, on e-Manas, a first of its kind, software platform for mental health management," explains Prof TK Srikanth, Head of E-Health Research Center, IIIT Bangalore.

"This has been deployed by the Govt of Karnataka and is being extended to the monitoring of the DMHP programme as well as psychiatric rehabilitative services. Now, IIITB will help integrate eManas with tele-health services, thus providing a comprehensive platform for mental health care that can scale up nationally," he adds.

Read: Did the education budget 2022-23 satisfy the expectations of teachers?

Read: Education Budget 2022: From better digital infrastructure to better education loans, here's what experts want

Read: Budget 2022: Key updates for the education sector

• Budget 2023: Major Impetus to India’s Education Sector

• Team India Blogs

The closure of schools due to pandemic-related lockdowns over the last few years has severely impacted India's school-going children. Many students, particularly in government schools and in rural India, have lost substantial years of education. After nearly three years of massive disruption caused by the pandemic, the country's education sector is looking forward to a new era. The government's primary focus is on upskilling the youth and increasing digitalization in the education sector. The education sector has received its highest-ever allocation of INR 1.12 lakh crore ($ 13.66 Bn) in the Union Budget 23-24. Allocation for school education has increased by 8 percent from INR 63,449 crore ($ 7.74 Bn) in 2022-23 to INR 68,804 ($ 8.39 Bn) crore in 2023-24. The finance minister Nirmala Sitharaman announced a slew of measures to bridge the emerging gaps in education.

First, the finance minister acknowledged the need for effective teacher training and building resilient mechanisms in education delivery. To this end, the government will re-envision teachers’ training through innovative pedagogy, curriculum transaction, continuous professional development, dipstick surveys, and ICT implementation. Further, District Institutes of Education and Training will be developed as vibrant centres of excellence.

Second, the budget also talked about a National Digital Library for children and adolescents that will be set up to facilitate the 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 levels and provide infrastructure for accessing the National Digital Library resources.

Third, keeping in mind the loss of learning caused by the pandemic, the National Book Trust and Children’s book trust will be encouraged to provide non-curricular titles in regional languages and English to these physical libraries. Collaboration with literacy-focused non-governmental organisations (NGOs) will also be a part of this initiative. Financial sector regulators and organisations will also be encouraged to provide age-appropriate reading material to these libraries in order to instil financial literacy.

Fourth, to make education more accessible to the last mile, over the next three years, the government will recruit 38,800 teachers and support staff for the 740 Eklavya Model Residential Schools, serving 3.5 lakh tribal students.

Fifth, to make the vision of ‘Make AI in India’ and ‘Make AI work for India’ a reality, three Artificial Intelligence Centres of Excellence (CoE) will be established in top educational institutions. Leading industry players will collaborate to conduct interdisciplinary research, develop cutting-edge applications, and solve scalable problems in agriculture, health, and sustainable cities. This will provide the required impetus to create an effective AI ecosystem while also cultivating quality human resources in the field.

Bridging the gaps in India's education sector will be critical as the country's youth comes of age in a rapidly changing world with new systems and new challenges. The measures announced in the Budget 2023-24 will allow the country to ensure continued growth in education.

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Education Budget 2023: Allocation of Rs 1.12 lakh crore, outlay rises by 8.27%; highlights

Education Budget 2023: Finance Minister Nirmala Sitharaman announced the Union Budget 2023. Budgets for both school and higher education has gone up by over 8%.

Anu Parthiban | February 1, 2023 | 07:43 PM IST

NEW DELHI: Union finance minister Nirmala Sitharaman presented the Budget 2023 in Parliament today. The education budget 2023 has risen by 8.27% to Rs 1,12,899.47 crore. The education budget crossed Rs 1 lakh crore for the first time last year. With the sudden shift to digital learning, academics, experts hoped for an expansion in digital infrastructure for the next financial year.

The Budget session 2023 began yesterday and the first part will conclude on February 13. The Parliament will reconvene on March 12 for the second part of the Budget Session that will conclude on April 6. In her union budget 2023 speech, Sitharaman announced recruitment of over 38,000 teachers for Ekalavya Schools ; a research programme for pharmaceuticals; research centres on artificial intelligence, internet of things and similar new-age fields; a revised apprenticeship scheme; and also 157 new nursing colleges.

The department of school education and literacy and the department of higher education constitute the ministry of education. School education has been allocated Rs 68,804.85 crore and higher education has got Rs 44,094.62 crore. While allocations have risen in most cases, some of schemes and institutions - including a scholarship scheme for minority students and the Indian Institutes of Management (IIMs) - have seen massive cuts.

Also read | Higher Education Budget 2023 Highlights: Outlay rises by 8% to Rs 44, 094 Cr; IIMs face steep cut

Allocations of major schemes such as the Samagra Shiksha Abhiyan and mid-day meal programme (PM POSHAN) have increased but as a previous budget analysis has shows, actual funds release is slow. By November 30, 2022, the union government had released Rs 19,065.33 crore of the Rs Rs 37,383 crore it had allocated to SSA – just 51% -- in 2022.

Last year end, the Centre announced it will discontinue the Maulana Azad National Fellowship (MANF) scheme and limit the pre-matric scholarship scheme meant for backward and minority communities to students of Classes 9 and 10. The decision led to instant uproar from the students, researchers and academics.

On Education Budget 2023 expectation, several EDTech experts propose upskilling, training programmes for teachers, tax exemptions on educational programmes. It also expects the government to ramp up digital infrastructure.

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Education Budget 2023: Finance Minister Nirmala Sitharaman has started Budget speech now. Know websites to watch speech, updates on education budget.

February 1, 2023 | 07:43 PM IST

Education budget provides much-needed impetus for education sector: jmi vc.

Najma Akhtar, Vice Chancellor, JMI, said: "This is a kind of budget which will help in fulfilling India’s ‘Vishwaguru’ dream. I hope that the provisions made in the budget will definitely improve the education infrastructure in the country." 

February 1, 2023 | 07:08 PM IST

Ministers call union budget 2023 'disappointing', 'anti-poor', 'ruthless'.

CM Bhupesh Baghel termed the Union Budget “nirmam” (ruthless), claiming that it lacks provisions to double the income of farmers, create employment opportunities and control inflation. Delhi Deputy Chief Minister Manish Sisodia said that the budget will only immerse the country in debt. 

WB finance minister, Chandrima Bhattacharya dubbed the union budget "anti-poor" and said no steps or measures were announced to bring down inflation. Echoing the same, Kerala CM, Pinarayi Vijayan said that Union Budget 2023-24 does not attempt to solve the growing economic disparities in the country. 

(Inputs from PTI)

February 1, 2023 | 06:45 PM IST

'157 nursing colleges not enough to correct skewed ratio of nurses to patients'.

"No concrete plan has been announced to boost the health infrastructure in the country, right from the primary level, and even the funds allocated are miserly, which shows the apathy of the government towards the working population of the country. The announcement to open 157 Nursing Colleges is highly inadequate and would not serve to correct the highly skewed ratio of nurses to patients in the country," said KYS in a statement. 

Also read |  Education Budget 2023: 157 new nursing colleges; ICMR labs; programme on pharma research

February 1, 2023 | 06:42 PM IST

'completely anti-people budget' says, delhi youth body on union budget 2023.

KYS further emphasises "Formal and quality education, thus, is to remain a privilege of the elite, while the majority of the oppressed and deprived masses would be shoved into worthless, informal, digital platforms, thereby absolving the government of its responsibility to create educational infrastructure." 

February 1, 2023 | 06:40 PM IST

'govt pushing online learning while ignoring grassroot problems of education system'.

"The measures announced by the government push for informalization i.e. instead of announcing much-needed measures for the drastically increasing number of institutions in primary, secondary, and higher education, the focus is on digital learning. The exclusionary focus on e-learning serves as a means to push the agenda of NEP forward as it maintains silence on the grassroots problems of the current public education system," said Krantikari Yuva Sangathan (KYS), in a press statement. 

February 1, 2023 | 06:36 PM IST

'funds earmarked for distance learning increases leaners' cost, decreases government expenditure': kys.

The outlay for education has been increased by 8%, but it is a total eyewash as even this marginal increase is due to the inflation in the economy, and in real terms, it is a decline rather than an increase, said KYS in a statement. 

"Funds have been earmarked for the promotion of informal Open and Distance Learning (ODL) and digital mode which will increase the cost of education for the learners while decreasing the expenditure of the government. Funds allotted for formal-mode higher education are inadequate and with the funds being withheld for the second tranche of OBC expansion, and the funds for EWS expansion being highly inadequate," the statement further added.

February 1, 2023 | 06:32 PM IST

Hopes of youth, workers, common masses completely dashed: delhi youth organisation.

Krantikari Yuva Sangathan (KYS), in a press statement said that the Union Budget 2023 had  no benefits for youth, students, and the common masses. "Evading the key issues plaguing the masses of the country such as sky-high inflation, rising taxes on and prices of essential commodities, worsening unemployment, etc. the budget seeks to congratulate the government for its non-existent policies for lessening the problems of the common people," read the statement. 

February 1, 2023 | 06:06 PM IST

Education budget 2023: schemes for tribal students.

The central scheme for setting up Eklavya Model Residential Schools (EMRS) for tribal students has been allocated Rs 5,943 crore for the next financial year in the union budget 2023-23. This represents a massive 197% increase in allocation from the last budget which had budgeted Rs 2,000 crore for the scheme. Read more Here .

February 1, 2023 | 06:01 PM IST

Education budget 2023: delhi teacher's association says government hell-bent on destroying the equality of education.

"Within the budget, there are enough semblances of the fact that the government is abdicating its responsibility expanding publicly funded institutions. Despite the oft-repeated rhetoric of making India an education hub for the world, the government is hell-bent on destroying the equality of education in publicly funded institutions by its spirited efforts of supplanting classroom teaching with MOOCS, SWAYAM like platforms," said AADTA.

February 1, 2023 | 05:56 PM IST

Union budget 2023-24 is a disappointment says, aadta.

"Union Budget, was expected to compensate for the previous year fund cuts for the Higher Education Institutes (HEIs), and has proved to be a document in disappointment. Instead of raising the funds substantially, the allocation for the Higher Education Department has followed the declining trends in 2023-24 as well, amounting to a meagre 0.97 % of total budget," read a press statement by Academics for Action & Development Delhi Teachers Association (AADTA). 

February 1, 2023 | 05:54 PM IST

'education budget 2023 a path changer for starvation of public-funded institutions': aadta.

AADTA, in a press statement demands increase in budgetary allocation on education. Seema Das, Member EC DU, said: "While the teachers and students are opposing the privatization, the financial direction of this budget has drastic cut in public investment in the education sector. The education will become expensive and difficult to access for socially and economically weaker sections of the society." 

February 1, 2023 | 05:41 PM IST

Edtech sector on education budget 2023.

EdTech sectors glad that Union Budget 2023 focuses on 'digital revolution' and promotes use of artificial intelligence in educational institutions. "It will create a digital ecosystem in the education sector, encourage digital education and largely benefit the students who are lagging due to the pandemic, said Aarul Malviya, the founder of Zamt. Read More here.

(Inputs from PTI) 

February 1, 2023 | 05:24 PM IST

Gujarat cm says union budget 2023 fulfils hopes of country's poor, deprived.

Gujarat Chief Minister Bhupendra Patel said that the Union Budget fulfils the hopes and expectations of the country’s poor, the deprived, and the middle class by giving them innovative opportunities for development. He said the Budget “embodies” the vision of Prime Minister Narendra Modi of making India a developed nation in the “Amrit Kaal”.

(Inputs by PTI)

February 1, 2023 | 05:11 PM IST

Education budget allocation drops to 9.5% this year.

"According to the Economic Survey 2022-23, the budgetary allocation for education as a percentage of total expenditure has dropped over the past seven years, from 10.4% to 9.5%!" said a press statement by AIDSO Karnataka State Committee. Education is 'neglected and no efforts to strengthen government educational institutions and curb privatisation' added the statement. 

February 1, 2023 | 05:08 PM IST

'union budget developments will accelerate implementation of nep 2020': british council.

Alison Barrett MBE, Director India, British Council, said: “The Union Budget 2023 focuses on education and skilling as key growth drivers for inclusive development; this is being addressed not only through the deployment of R&D and tech but crucially through teacher recruitment and training, and increased access to books and material to all corners of the country through the National Digital Library. Foundational literacy and access to education provided through skilled teachers has been highlighted as a priority in the NEP 2020, for India to effectively prepare its growing young population for the future."

February 1, 2023 | 05:05 PM IST

Education budget 2023: fund allocation for children drops 2.3%.

According to a Delhi-based non-profit, HAQ Centre for Child Rights, it said that the allocation for National Child Labour Project continues to receive reduced allocations, a trend that’s continued over the years. This year's budget further reduces it by 33%. 

Read More |  Union Budget 2023 Analysis: Overall decline in allocation for children, massive cuts in scholarships

February 1, 2023 | 05:01 PM IST

Education budget 2023: massive cut in pre-matric scholarships.

Finance minister Nirmala Sitharaman's budget speech for 2023 emphasised on inclusivity but the allocations toward the education of historically-margined castes has seen only slight changes, and in some cases, cuts. 

Read More |   Education Budget 2023 Analysis: 41% cut in pre-matric scholarships for OBC, EBC, DNT

February 1, 2023 | 04:57 PM IST

Education budget 2023: 'setting up coes for ai offers immense opportunities', says anu provost.

Anunaya Chaubey, Provost, Anant National University, said: "The announcement of the three centres of excellence in Artificial Intelligence will set a precedence and foster an environment for interdisciplinary research, developing cutting-edge applications and scalable problem solutions in the areas of health, agriculture and sustainable cities. For a new-age design university like ours, this seems to be a very exciting time as this offers immense possibilities for our students and faculty."

February 1, 2023 | 04:52 PM IST

'union budget breaking barriers to provide access to quality education to masses'.

Nikhil Barshikar, Founder and MD of Imarticus Learning, said: " We are pleased with the way Union Budget 2023 has focused on leveraging technology to drive deeper penetration into the market and breaking barriers to provide access to top-quality education to the masses. We expect EdTech businesses catering to the Tier-II and lower cities to gain significant momentum in the coming years." 

February 1, 2023 | 04:49 PM IST

Education budget 2023: promotion of foreign education to benefit education, accommodation sector.

Mayank Maheshwari, Co-Founder & COO of University Living, said: ”The latest announcements by the Prime Minister, Mr. Narendra Modi on foreign universities starting to come to India have put a light on the education and accommodation sector. it is a very thoughtful and well-researched decision by the government to take a higher notch in the country’s growth and compete with world developments”.

February 1, 2023 | 04:39 PM IST

'disappointed to see that gst not reduced for education'.

Bhavesh Goswami, Founder & CEO, CloudThat, said: "It is a bit disappointing to see that the GST has not been reduced for education. Ed Tech companies today are on the rise and carry huge potential to help the government and industries. I wish the budget had more room for this." 

February 1, 2023 | 04:36 PM IST

'budget 2023 recognises role of education, engineering in innovation, progress'.

Shilpa Ajay, Professor and Head, Department of Management Studies (MBA), Nitte Meenakshi Institute of Technology, Bengaluru said: "This union budget has tried to cope up with the pre-budget expectations to a limited margin, especially in the Educational sector. This budget truly recognizes the critical role of education and engineering in driving innovation and progress, and I am excited to see the positive impact these initiatives will have on our future workforce. We hope to see a strong implementation process resulting in the development of the educational sector to a good extent."

February 1, 2023 | 04:32 PM IST

Education budget 2023: 'initiatives provides students with resources, promote lifelong learning', says vedantu ceo.

Vamsi Krishna, CEO & Co-Founder, Vedantu, said: "The Union Budget 2023-24 lays out a well-defined framework for inclusive and technology-enabled education in India. I am thrilled with the vision and foresight of the Indian Government in driving transformation in education. With these announcements, we are laying the foundation for a better future that is technologically enabled and educationally empowered, making India a shining example for the rest of the world to follow.”

February 1, 2023 | 04:28 PM IST

Education budget 2023: 'financial literacy is the need of the hour'.

 Dharmil Bavishi, Co-founder at Bullspree, said: “The Union Budget takes a much needed step in the process of achieving equitable distribution of wealth. Financial literacy is the foundation of a sound financial future, and it is the need of the hour. The more individuals understand money and the investment instruments to manage and grow their incomes, the better equipped they will be to take informed decisions and secure their financial future." 

Also Read  | Chhattisgarh CM Baghel announces allowance for unemployed youth from next financial year

" I'm glad that the finance minister talked about financial literacy. Such fiscal incentives are bound to help narrow the income gap among genders in our country. In addition, having a fully functional KYC system to meet the needs of digital India is a fantastic step because it simplifies life. It removes the need for physical document submission and verification, making the process more efficient and comfortable for businesses by reducing the time and effort required to make changes. The simpler process will help more individuals come into the digital transactions fold," Bavishi further added. 

February 1, 2023 | 04:22 PM IST

'budget 2023 could've done more on infusing innovation in education'.

Pratham Mittal, Founder, Masters' Union, said: "The Union Budget 2023 gets many things right! It is focused on growth and I am glad that job creation and youth upliftment get priority. The push for digital upskilling and entrepreneurship enhancement will encourage an entrepreneurial culture and increase India's visibility internationally. While there's a focus on bridging the industry-academia gap, the budget could've done more on infusing some much-needed innovation in how education is imparted in our country."

February 1, 2023 | 04:20 PM IST

Education budget 2023: solid blueprint laid for india when it turns 100 in 2047, says iimk director.

Debashis Chatterjee, Director IIM Kozhikode, said: “Union Budget 2023 is a holistic foundation for India of the future with an overall boost to education, skilling, job creation and entrepreneurship. The thrust on building digital and public infrastructure with a keen focus on sustainability, is a shot in the arm for education and entrepreneurship." 

Also Read |  Higher Education Budget 2023 Highlights: Outlay rises by 8% to Rs 44, 094 Cr; IIMs face steep cut

"New initiatives like the National Digital Library for children and adolescents will herald a new era in community participation ably supported and guided by Higher Education Institutes like IIMs. This indeed is a solid blueprint laid out for India@2047, when independent India turns 100," he further added.

February 1, 2023 | 04:14 PM IST

Education budget 2023: transformative education for 'amrit peedhi'.

• Three centers of excellence for artificial intelligence to be set up for realizing the vision of 'Make AI in India and Make AI work in India.' 
• Revamped teachers training via district institutes of education and training
• 157 new nursing colleges to be established
• States will be encourages to set up physical libraries at panchayat and ward levels. 

February 1, 2023 | 04:10 PM IST

Budget 2023 will transform india to green skill hub of the future'.

 Manav Subodh, Founder, 1M1B, said: "I am very happy to see an increased investment in efforts to make India’s sustainability and climate action agenda go mainstream. This will mobilize businesses on India's green economy agenda and create more green jobs. I believe that this will ready India to power the global job economy, leverage our upcoming demographic dividend and shift the focus to developing clean technology and greener solutions.  In my opinion, the fundamental need of the hour is green skills and creating a sustainability mindset at the core - and I'm glad that this budget seems to agree."  

February 1, 2023 | 04:07 PM IST

Education budget 2023: government finally catering to the modern era, says svu's vice-chancellor.

VN Rajasekharan Pillai, Vice-Chancellor of Somaiya Vidyavihar University, said: “I am delighted to know about the new developments that the government has proposed for the flourishment the education sector. The government is now catering to the modern era, and has planned to set up the new National Digital Library, which might just prove to be revolutionary." 

 "Somaiya Vidyavihar University completely supports the re-envisioning of the teachers’ training, since it would prove to provide an holistic approach in the development towards the quality of education, he further added.

February 1, 2023 | 04:04 PM IST

'budget 2023 will impact india's literacy rate'.

RCM Reddy, MD & CEO, Schoolnet India Ltd, said: "The government’s enhanced focus on increasing education access in rural India in this year’s Union Budget is a welcome move and will have a positive impact on the country's literacy rate. It is also reassuring to see that teachers’ training has been given prominence; we look forward to witnessing its effective implementation in the year." 

February 1, 2023 | 04:02 PM IST

Education budget 2023: training teachers will further benefit education sector.

Maithili Tambe, CEO, The Academy School, Pune said: "The budget has struck a fine balance as far as education and the societal strata go. In order to boost education among tribals, more than 38,000 teachers would be recruited, thus empowering not only the 3.5 lakh students but also the teaching fraternity with job opportunities. The teacher training move will only further benefit the education sector as a whole." 

February 1, 2023 | 03:57 PM IST

Education budget 2023: iims face major cut; central universities see rise in funds.

The Central Universities will receive Rs 2,108.9 crore more in the upcoming year as the budget rises to Rs 11,528.90 crore. The IITs have been allocated Rs 9,661.50 crore, an increase of Rs 1,166.5 crore over the 2022-23 budget estimates. The budget for Indian Institute of Management (IIMs) has dropped drastically, from Rs 653.92 crore to Rs 300 crore in next year's budget. 

Also Read |  Higher Education Budget 2023 Highlights: Outlay rises by 8% to Rs 44, 094 Cr; IIMs face steep cut

February 1, 2023 | 03:52 PM IST

Education budget 2023: strong focus on practical skill development, digital education.

Rohit Gajbhiye, CEO, Financepeer said: "With a strong focus on practical skill development and digital education, the Union budget 2023 has addressed the right issues for the education sector in the country. The promotion of education in regional languages will help education reach more and more parts of the nation. The national digital library will be a great resource for students and professionals across the country irrespective of age or location. Practical training of teachers and continuous professional development will be crucial for making the country’s education sector world-class. The need of practical skills in students graduating from university has become crucial to make them competent for different industries. The PM Kaushal Vikas Yojna 4.0 will be the game changer for the industries in the country. In the rapidly changing corporate world, professionals constantly need to keep upskilling themselves to stay relevant and useful. The integrated platform for upskilling will be the solution provider for all the upskilling needs."

February 1, 2023 | 03:49 PM IST

'union budget 2023 gives much needed boosts to lower, middle class sections'.

 Harsh Bharwani, CEO & MD at Jetking Infortrain said: "Union Budget 2023 gives the much-needed boost to the lower middle class and middle-class section of the society. Revised tax rebate is a celebrated move as it will give them chance to invest more in their children’s education which will help in the up-skilling and making them industry ready."

February 1, 2023 | 03:48 PM IST

Education budget 2023: 'pm kvy 4.0 to help increase india's workforce' says acca director.

Md. Sajid Khan Director-India, ACCA, said: "The launch of the PM Kaushal Vikaas Yojana 4.0 and the unified 'Skill India Digital Platform' for lakhs of Indian youth will help in a substantial increase in the quality of workforce, and will also open up a new range of opportunities for employment. The Direct Benefit Transfer under pan-India National Apprenticeship Promotion Scheme to provide stipend support to 47 lakh in three years will boost training, build the capacity of the apprenticeship ecosystem and provide assistance to support rapid growth”.

February 1, 2023 | 03:45 PM IST

Education budget 2023: initiative to accelerate india's transition to industry 4.0 economy.

Anish Srikrishna, CEO, TimesPro, said: "The budget has ushered a slew of initiatives by emphasising the National Education Policy's skilling outlook. We welcome the move and expect public-private cooperation to meet the goals of this initiative, accelerating India's transition to an Industry 4.0 economy. The three AI centres of excellence to enable 'Make AI for India' and 'Make AI work for India' will benefit the development of digital infrastructure and skills in India. At a time when skilling and reskilling are critical for India's youth, the government's recognition of the need for skilling is an encouraging move for the Higher Education and H.EdTech sectors. However, we continue to believe that lowering the GST on professional learning programmes would have made modern learning more accessible and affordable, assisting millions of learners in becoming future-ready." 

February 1, 2023 | 03:42 PM IST

'the focus of budget 2023 on closing skill gap in youth across india'.

Atulya Kaushik, Co-founder & CEO of PrepInsta said: "The Budget seems to give more push to employability readiness in youths. Direct Benefit Transfer under a pan India national apprenticeship scheme which will impact 47 lakh youths seems promising. Setting up 100 Labs in engineering institutions will help graduates be ready to build applications on India's 5G stack. Focus on smart classrooms will also help us take advantage of the metaverse and immersive learning. Overall it should help India to release its demographic dividend for inclusive development. We applaud the government’s decision to establish a National Digital Library for Children and Adolescence to facilitate access to high-quality books on any device. The finance minister’s decision to expand Eklavya model schools for tribal students is another step forward in promoting digital literacy. Furthermore, by proposing 30 Skill India International centers across various states, Surely, this year’s budget clearly emphasizes the importance of closing the skill gap in youth across India."

February 1, 2023 | 03:40 PM IST

'prioritisation of ed-tech sector of primary importance' says educationist on education budget 2023.

Rajesh Bhatia, Founder, and CEO, Treehouse Education & Accessories Ltd, said: "As an educationist, for me, the prioritisation of the ed-tech sector was of primary importance and I am glad, the budget advocates 'Make AI in India, make AI work for India' and re-envision teachers training through innovative pedagogy. I am also glad that Centres of Excellence for AI will be initiated in top educational institutions and leading industry players will conduct interdisciplinary research. I hope cutting-edge applications will also be developed for the education sector. It is also heartening that the budget is cognisant of the need to promote the culture of reading and  the National Book Trust, the Children's Book Trust, etc will be encouraged to offer books in  regional languages and in English."

February 1, 2023 | 03:38 PM IST

Education budget 2023: priority of 'youth power' is a welcome move says, unicef.

Dhuwarakha Sriram, Chief of Generation Unlimited (YuWaah) and Youth Development and Partnerships at UNICEF said: "The introduction of the National Digital Library for children and adolescents, provisions for teacher training, on-the-job skill training, apprenticeships, and the creation of 30 Skill India International Centres will help promote access to knowledge .The digital and physical infrastructure, particularly for the most marginalised young people in the hinterland, will help build higher student engagement and interest, and make learning an easy process."

February 1, 2023 | 03:36 PM IST

'teacher training, national digital library steps in right direction': stem metaverse.

Ritika Kumar, Founder & CEO of STEM Metaverse said: "We are thrilled to see the government's commitment to empowering students through innovative and futuristic learning solutions in Union Budget 2023. The establishment of a National Digital Library for children and adolescents, physical libraries at panchayat levels, and a focus on teacher training are all steps in the right direction." 

February 1, 2023 | 03:33 PM IST

Education budget 2023: accessible education and skilling.

Inclusive development includes- 

• Enhances education expenditure: 2.9% of GDP in Financial year 2023. 
• Revamped teachers' training via district institutes of education and training. 
• National digital library to be set up for children and adolescents. 
• States will be encourages to set up physical libraries at Panchayat and ward levels. 
• PMKVY 4.0 to be launched to skill lakhs of youth. 

February 1, 2023 | 03:31 PM IST

Education budget 2023: ekalavya schools gets double allocation in 2023-24.

The EMRS scheme for setting up Ekalavya Model Residential Schools (EMRS) has been allocated Rs 5,943.00 crore, more than double this year's allocation of Rs 2,000 crore.

February 1, 2023 | 03:29 PM IST

Health education budget 2023: 157 new nursing colleges; icmr labs; programme on pharma research.

A total of 157 new nursing colleges will be established with the existing 157 medical colleges established since 2014, finance minister Nirmala Sitharaman announced while presenting the union budget 2023-24 today. Read more here .

February 1, 2023 | 03:26 PM IST

Education budget 2023: national tribal welfare programme allocated rs 655.49 crore.

National Tribal Welfare Programme has been allocated Rs 655.49 crore, down from Rs 945.53 crore earmarked for it in 2022-23. The programme's budget had be drastically revised down to Rs 447.28 crore. The programme components include the National Fellowship and Scholarship for Higher Education of ST Students which has received Rs 145 crore.

February 1, 2023 | 03:24 PM IST

'make ai in india and make ai work for india': simplilearn.

Beas Dev Ralhan, CEO, Next Education said: "The 2023 Union Budget highlights various initiatives by the Government of India to promote new age frontier technologies as well as youth upskilling across sectors." He further adds that the initiatives announced as a part of the Union Budget 2023 today are signs of building a new, strong, digital India focused on sustainability and growth.

February 1, 2023 | 03:20 PM IST

Education budget 2023: cuts in scholarships.

With just Rs 44 crore allocated to it in the Union Budget 2023,merit-cum means scholarship for professional and technical courses for students from minority communities has been cut by a massive 87%. Scholarships and education schemes across the board see a cut. 

Also Read |  Education Budget 2023: Funds for merit-cum-means scholarship for minorities slashed by 87%

February 1, 2023 | 03:16 PM IST

'pm kaushal vikas yojana 4.0, a welcome step towards preparing students for 21st-century marketplace'.

Colonel Gopal Karunakaran, CEO, Shiv Nadar School, said: "I welcome the launch of Pradhan Mantri Kaushal Vikas Yojana 4.0 in the 2023 education budget. This scheme, which will focus on equipping the youth with cutting-edge skills in fields such as AI, robotics, and 3D printing, is a welcome step towards preparing our students for the demands of the 21st-century global marketplace. The emphasis on developing soft skills and launching 30 international centers will create numerous opportunities for our students to gain valuable experience and increase their competitiveness in the international arena."

February 1, 2023 | 03:13 PM IST

Education budget 2023: mission shakti budget revised down.

The SAMBAL programme, including Beti Bacaho Beti Padhao, One Stop Centre, Nari Adalat, Mahila Police Volunteer, Women's Helpline etc., under Mission Shakti has been revised down to Rs 333 crore.

February 1, 2023 | 03:08 PM IST

Education budget 2023: saksham anganwadi and poshan 2.0 scheme.

The allocation to Saksham Anganwadi, earlier named Integrated Child Development Services (ICDS), and POSHAN 2.0 has seen a 1.5% increase in allocation, of Rs 291.24 crore.

February 1, 2023 | 02:44 PM IST

Education budget 2023 analysis: research funding cuts.

Budget for various research schemes funded by the centre saw cuts. Education Budget Estimates for research schemes are as follows. READ |  Higher Education Budget 2023 Highlights: Outlay rises by 8% to Rs 44, 094 Cr; IIMs face steep cut

February 1, 2023 | 02:40 PM IST

Education budget 2023: scholarships for scs.

Scholarships for Higher Education for Young Achievers Scheme (SHREYAS) for SCs has got Rs 371.00 crore, up from Rs 364 crore in the current year. However, budget for the National Fellowship for SCs has reduced from Rs 173 crore to Rs 163 crore.

February 1, 2023 | 02:39 PM IST

Education budget 2023 analysis.

The merit-cum means scholarship for professional and technical courses has seen a cut of 87% with Rs 44 crore allocated in 2023-24. In Union Budget 2022-23, Rs 365 crore were allocated to the scheme. Also read |  Number of SC, ST students getting means-cum-merit scholarship dropped 17.47%, 27% in 2021-22

February 1, 2023 | 02:36 PM IST

'in a first, teacher training mentioned in budget 2023'.

Harivansh Chaturvedi, Director, BIMTECH, Greater Noida called Budget 2023 "a pragmatic budget and not a populist budget". He said, "There were slew of provisions for the education sector. It is probably the first time when the union budget witnessed mention of teacher training, capacity-building programs and a culture of reading. The establishment of District Training Centres for educators will revolutionize both public and private school education across India. The district institutes of education and training will be developed into vibrant institutes of excellence for this purpose."

February 1, 2023 | 02:29 PM IST

Higher education budget 2023: skills education.

In Budget 2023 speech, Nirmala Sitharaman announced the launch of new-age courses for industry 4.0 like coding, Artificial Intelligence, Internet of Things, mechatronics, drones and other soft skills. The minister said that 30 Skill India International Centres will be set up across states. READ |  Higher Education Budget 2023 Highlights: Outlay rises by 8% to Rs 44, 094 Cr; IIMs face steep cut

February 1, 2023 | 02:16 PM IST

Budget 2023 on education.

Key points of Budget 2023 this year for education sector.

• PMKVY 4.0, 30 skill India international centres
• 100 labs for developing apps using 5G services
• Non-curricular books in regional languages
• Select ICMR labs to be opened for public
• Three centres of excellence in Artificial Intelligence will be set up in top educational institutions. 
• National Digital Library
• Teacher Training will be r-envisioned
• Strong impetus to growth and job creation

February 1, 2023 | 02:14 PM IST

Online platform for upskilling will be game changer: sharda university.

Hari Shankar Shyam, professor at Sharda University said: "As expected, the government has given a boost to skill development among youths by opening an integrated online platform for upskilling, this will be the game changer and will have a significant impact on the economy. Apart from skill development, the government has focused a lot on training and research by opening a centre for excellence of AI and labs for 5G. I am certain this will help a lot with entrepreneurship and many youngsters will come with their startup’s."

February 1, 2023 | 02:11 PM IST

No funds for teacher training, adult education.

This year, no funds were allocated for teachers training and adult education despite it receiving Rs 127 crore in last year’s budget.

February 1, 2023 | 02:08 PM IST

Budget 2023 analysis.

The PM Schools for Rising India (PM SHRI) has been allocated Rs 4,000 crores. The scheme was launched in 2022 to develop and upgrade nearly 15,000 schools across the country. "In five years, starting from 2022 till 2027, Rs 27, 360 crore will be spent to upgrade 14, 597 schools into model schools," Education minister Dharmendra Pradhan had said on last Teacher's Day.

February 1, 2023 | 02:06 PM IST

Kvs, navodaya vidyalayas' budget allocations increase.

Both Kendriya Vidyalayas and Navodaya Vidyalayas received increased allocations. The Kendriya Vidyalaya Sangathan (KVS) saw an increase of nearly Rs 70 crore for the next financial year taking the total allocation to Rs 8,363 crores. The Navodaya Vidyala Samiti saw an increase of over Rs 1,300 crores in allocations compared to last year’s budget. The Navodaya Vidyala Samiti has been allocated Rs 5486.50 for 2023-24.

February 1, 2023 | 02:03 PM IST

New budget 2023.

General education gets Rs 20,573.27 while technical education gets Rs 18,330.74 crore, as per the Budget 2023 

February 1, 2023 | 02:02 PM IST

Budget 2023 allocation for rusa drops.

Rashtriya Ucchatar Shiksha Abhiyan (RUSA), the main scheme to support state universities, has been allocated Rs 1,500 crore, down from Rs 2,042.95 in the current financial year. Interesting, RUSA's budget had been revised down to just Rs 360.67 crore.

READ |  Education ministry spent only 8.3% of budget estimate for RUSA in 2021-22

February 1, 2023 | 02:00 PM IST

Education budget 2023: pm poshan scheme.

The PM Poshan scheme has been allocated Rs 11,600 crores, an increase of over Rs 600 crore from 2021-22. The scheme had received reduced allocations in  last year’s budget, that is 2022-23, with only Rs 10,233 crore being allocated to it.

February 1, 2023 | 01:59 PM IST

Budget 2023 allocation for samagra shiksha abhiyan.

The country’s biggest school education scheme, the Samagra Shiksha Abhiyan, has been allocated Rs 37,453.47 crore, a slight increase from last year’s Rs 37,383 crore.

February 1, 2023 | 01:58 PM IST

Budget 2023 highlights.

The education budget 2023 allocations for the top institutes are as follows. 

NITs - Rs 4,820.60 crore, an increase of Rs 456.6 crore.

IISERs - Rs 1,462 crore

IISc Bangalore - Rs 815.40 crore

IIITs - Rs 560 crore

February 1, 2023 | 01:55 PM IST

Iims education budget 2023.

IIM Budget 2023: Budgetary support to the Indian Institutes of Management (IIMs) has dropped drastically, from Rs 653.92 crore to Rs 300 crore in next year's budget. The oldest IIMs are largely financially autonomous. Rs 284.83 crore of the total Rs 300 crore is earmarked for repayment of HEFA loans. Funds beyond what is needed for repaying HEFA loans have been cut to just Rs 15.17 crore from Rs 323.50 crore.

February 1, 2023 | 01:49 PM IST

Budget 2023 analysis: 'gst on education not discussed by nirmala sitharaman'.

AK Srikanth, CEO at KLAY said: "Education is of utmost importance at every level and it is a welcome move to see the government implement Eklavya Modern Schools in the next three years which will bolster the education of tribal India. Having said that, the GST on education is still a vital concern which was not discussed by the Finance Minister. One of the primary focuses of early education should also be on skill based learning which should be adopted by primary schools. In the past few years, the need for skill based jobs have increased in India hence the move by the government to implement Pradhan Mantri Kaushal Vikas Yojana 4.0 in next three years is also a great move to bridge the gap."

February 1, 2023 | 01:43 PM IST

Education budget 2023 highlights.

New National Apprenticeship Training Scheme (NATS) has received Rs 440 crore, finance minister Nirmala Sitharaman announced.

February 1, 2023 | 01:42 PM IST

Budget on education.

Education Budget 2023 | IITs: Rs 9,661.50 crore, an increase of Rs 1,166.5 crore over the 2022-23 budget estimate(BE) and higher than the revised estimate as well.

February 1, 2023 | 01:41 PM IST

ASPIRE, A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship, had seen its budget cut drastically in the revised estimates and has received no allocation in the next year. Rs 600 crore had been earmarked for it in the 2022-23 budget.

February 1, 2023 | 01:40 PM IST

Union budget analysis 2023.

Budget 2023 for "internationalisation of higher education" remains exactly the same - Rs 200 crore.

February 1, 2023 | 01:39 PM IST

Highlights of budget 2023.

Central Universities get Rs 2,108.9 crore more as budget rises to Rs 11,528.90 crore. However, Rs 276.34 crore of this is for repaying infrastructure loan from the Higher Education Finance Agency (HEFA).

February 1, 2023 | 01:37 PM IST

School education budget 2023.

Education Budget 2023 | School education has been allocated Rs 68,804.85 crores for the next financial year of 2023-24, an increase of more than Rs 5,000 crores as compared to last year. READ MORE

February 1, 2023 | 01:32 PM IST

'education budget 2023 doesn't emphasize much on digital divide'.

"One urgent reform the education system needs is to address the digital divide. The budget, unfortunately, doesn’t emphasize much on it. The budget speech has ignored another recurrent demand from the education sector, which is to remove or at least reduce GST on education services. I also wish that the government had allocated more funds for education. We are yet to touch the target of spending 6% of the GDP on education which the National Education Policy 2020 had envisaged," Pranay Aggarwal, Sociology faculty, IAS Gurukul said.

February 1, 2023 | 01:31 PM IST

Budget 2023 reaction.

On Education Budget 2023, Pranay Aggarwal, Sociology faculty, IAS Gurukul said: "While the budget will give the much needed push to the education sector, it could have done so much more. Teachers’ training is something previous governments have ignored. This budget expresses the intent to bring about innovations in pedagogy and curriculum. There is also a belated but welcome emphasis on tribal education. The National digital library will help promote reading culture in the country. Upskilling the youth in new age courses like robotics, AI and drones under PM Kaushal Vikaas Yoajna 4.0 and industry partnership will ensure greater employability."

February 1, 2023 | 01:27 PM IST

Education budget 2023: 'fund allocations to boost economy'.

"The budget sets a hopeful tone for India's GDP and economic growth with special emphasis on vocational, secondary and specialized higher education, as India's GDP is projected to grow at a rate of 6-6.8% in the 2023-24 fiscal year. The FM's allocations is a practical approach in the 2023 budget which aims to boost the country's economy with focus on Make in India, women and youth empowerment," Akshay Marwah, Mohit Marwah, Co-Founders, AAFT Online added.

February 1, 2023 | 01:25 PM IST

Education budget 2023.

Akshay Marwah, Mohit Marwah, Co-Founders, AAFT Online said:"The honourable Finance Minister's move to launch a unified Skill India digital platform to empower the youth and focus on job training through the formulation of the National Education Policy in the Budget 2023 is highly commendable. The focus on youth and the future of India by macroeconomic stability and a visionary focus on technology advancement and setting up AI centers in top education centres is a great step forward."

February 1, 2023 | 01:23 PM IST

Union budget 2023: school education outlay rises by rs 5,355 cr.

In the Union Budget 2023, school education has been allocated Rs 68,804.85 crores for the next financial year of 2023-24, an increase of more than Rs 5,000 crores as compared to last year, finance minister Nirmala Sitharaman announced... Read More

February 1, 2023 | 01:17 PM IST

Education budget 2023 reaction.

Neha Bahl, executive director, IC3 institute said, "This year's budget adopts a very inclusive and progressive approach with a special emphasis on capacity-building, teacher training, and youth empowerment. The focus is also on creating greater access through digitization, ICT implementation, and skill development through new-age programs and fostering industry partnerships to inculcate future readiness among youth. I am particularly delighted with the impetus given to teacher training through pedagogical interventions and continuous professional development opportunities. Our teachers are indeed change-makers and nation-builders; therefore, empowering them can have a multiplier effect on generations of students."

February 1, 2023 | 01:07 PM IST

Education budget 2023: 8.4% increase in school budget.

School education budget has been increased by Rs 5,355.48 crore. 

February 1, 2023 | 01:05 PM IST

Budget 2023: higher education budget increases by 8%.

Higher education budget has been increased by Rs 3,266.27 crore.

February 1, 2023 | 12:58 PM IST

Education budget 2023 priorities are Inclusive development, reaching the last mile, infrastructure and investment, unleashing potential, green growth, youth power and financial sector. Also Read |  Education Budget 2023 Highlights: 157 nursing colleges, R&D grants for IITs, 38,000 Ekalavya teachers

February 1, 2023 | 12:51 PM IST

Education budget 2023: could have done so much more, says teacher.

Pranay Aggarwal, Sociology faculty, IAS Gurukul said, "While the budget will give the much needed push to the education sector, it could have done so much more. Teachers’ training is something previous governments have ignored. This budget expresses the intent to bring about innovations in pedagogy and curriculum. There is also a belated but welcome emphasis on tribal education. The National digital library will help promote reading culture in the country. Upskilling the youth in new age courses like robotics, AI and drones under PM Kaushal Vikaas Yoajna 4.0 and industry partnership will ensure greater employability.One urgent reform the education system needs is to address the digital divide. The budget, unfortunately, doesn’t emphasize much on it. The budget speech has ignored another recurrent demand from the education sector, which is to remove or at least reduce GST on education services. I also wish that the government had allocated more funds for education. We are yet to touch the target of spending 6% of the GDP on education which the National Education Policy 2020 had envisaged."

February 1, 2023 | 12:45 PM IST

Education budget 2023: move to setup ai centres great step, says edtech.

"The move to setup AI centers in top education centres is a great step forward. This must be augmented by a brain trust to share the research with the entire eco-system. A thrust to develop AI tools that work across all our vernacular languages will be a priority. Integrating Generative AI as a part of the technology stack for enhancing higher education and skill development is important," said Jaideep Kewalramani - Head of Employability Business & COO, TeamLease Edtech.

February 1, 2023 | 12:43 PM IST

According to Shantanu Rooj, CEO and Founder at teamlease Edtech, "Indian education system has always complained of non-availability of quality teachers. The current impetus on recruiting large number of teachers and creating a sustainable teachers training program equipping them with multilateral skills will go along way in improving the quality of education in Indian schools. The government must also create a performance management system where there is a hope of rising and a fear of falling for all teachers. This initiative, along with the PLI scheme, will help strengthen the Make in India initiative by creating a ready pool of trained resources. Recruiting teachers and providing them with relevant skills such that they can impart the right knowledge and skills will help in building employable youth in India."

February 1, 2023 | 12:29 PM IST

Budget 2023 speech ends.

Finance minister Nirmala Sitharaman concludes Budget 2023 speech. 

February 1, 2023 | 12:13 PM IST

Education budget 2023 updates.

100 labs for developing apps using 5G services will be set up in engineering institutions. 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: FM Nirmala Sitharaman

February 1, 2023 | 12:06 PM IST

Budget 2023 live updates.

GIFT IFSC- Under SEZ Act, the government will prevent the duplication of regulation and laws, the finance minister said. This will have implications for the educational institutions.

February 1, 2023 | 12:02 PM IST

Govt to provide R&D grant to one of the IITs to encourage indigenous production of lab-grown diamonds in a bid to reduce imports. 100 labs for developing applications for 5G services will be set up in engineering institutions: Nirmala Sitharaman 

February 1, 2023 | 11:59 AM IST

Nilaya Varma, CEO & Co-Founder, Primus Partners said: "The initiative in Health and Education especially additional nursing schools and improving quality of teaching through teachers training will have long term benefit. However, it is unlikely to immediately impact in improving quality of care as well as care facilities in rural / semi urban areas."

February 1, 2023 | 11:58 AM IST

Education budget 2023: stipend support to 47 lakh youth.

Stipend support to 47 lakh youth in three years. A national apprenticeship scheme will be rolled out: Finance Minister

February 1, 2023 | 11:56 AM IST

Education budget 2023: skill india international centres.

New-age courses for industry 4.0 like coding, AI, IOT, mechatronics, drones and other soft skills will be launched. 30 Skill India International Centres will be set up across states, the finance minister said.

February 1, 2023 | 11:54 AM IST

Education budget 2023: pm kaushal vikas yojana 4.0.

In line with National Education Policy, focus on skilling, economic policies that create jobs will be given priority. PM Kaushal Vikas Yojana 4.0 will be launched to skill lakhs of youth in the next 3 years: Nirmala Sitharaman 

February 1, 2023 | 11:52 AM IST

Education budget 2023: funds for nursing.

Nirmala Sitharaman said 157 new nursing colleges will be established in core locations. Funds for nursing in the 2022-23 budget.

• Development of nursing services: Rs 20.43 crore
• Indian Nursing Council: Rs 0.19 crore
• Regional Institute of Paramedical and Nursing
• Sciences, Aizawl: Rs 132 crore

February 1, 2023 | 11:50 AM IST

Education budget 2023: 3 centres of excellence for ai.

Jaideep Kewalramani, head of Employability Business and COO, TeamLease Edtech said: "The move to setup AI centers in top education centres is a great step forward. This must be augmented by a brain trust to share the research with the entire eco-system. A thrust to develop AI tools that work across all our vernacular languages will be a priority. Integrating Generative AI as a part of the technology stack for enhancing higher education and skill development is important."

February 1, 2023 | 11:48 AM IST

Education budget 2023 live.

District Institutes of Education and Training (DIETs) will be developed as "vibrant institutes of excellence". Teacher Training will be renvisioned through innovative pedagogy, continuous professional development, and ICT: FM Nirmala Sitharaman

February 1, 2023 | 11:47 AM IST

Higher education allocations in 2022-23.

Central Universities: Rs 9,420 crore

IIT: Rs 8,495 crore

IIM: Rs 653.92 crore

NIT: 4,364 crore

IISER: Rs 1,379.53 crore

IIIT: Rs 542.52 crore

February 1, 2023 | 11:46 AM IST

One of the Indian Institutes of Technology (IITs) to get lab for research on lab grown diamond, the finance minister said.

February 1, 2023 | 11:45 AM IST

Education budget 2023: 500 labs for 5g in engineering colleges.

500 labs for 5G will be set up in engineering institutes: Nirmala Sitharaman

February 1, 2023 | 11:44 AM IST

Nirmala sitharaman education qualification.

Nirmala Sitharaman pursued Bachelor of Arts degree in economics at the Seethalakshmi Ramaswami College, Tiruchirapalli in 1980 and Master of Arts degree in economics and MPhil from JNU. The Jawaharlal Nehru University conferred her the Distinguished Alumni Award in 2019.

February 1, 2023 | 11:38 AM IST

Education budget 2023: online training programme for govt employees.

Integrated online training programme for civil servants and government employees to upgrade skills: FM Nirmala Sitharaman

February 1, 2023 | 11:33 AM IST

Facilities in select ICMR labs will be made available for research by public and private medical faculties: FM Nirmala Sitharaman.

February 1, 2023 | 11:31 AM IST

Education budget 2023: funds for eklavya model residential schools.

In next 3 years, centre will recruit 38,800 teachers and support staff for the 740 Ekalavya schools serving 3.5 lakh tribal students, Nirmala Sitharaman says

The Eklavya Model Residential Schools (EMRS) have had their budget increase by a significant Rs 581.96 crore, from Rs 1418.04 crore in 201-22 to Rs 2,000 crores for the 2022-23 financial year. The scheme supports residential schools run for tribal students.

February 1, 2023 | 11:29 AM IST

National Book Trust and Children's Book Trust will provide books in local languages and English to the physical libraries.

February 1, 2023 | 11:27 AM IST

Education budget 2023: national digital libraries.

Union finance minister Nirmala Sitharaman says national digital libraries for children and adolescents will be set up and physical libraries at panchayat and ward levels will also be established.

February 1, 2023 | 11:26 AM IST

Education budget 2023: 157 new nursing colleges.

157 new nursing colleges will be established in core locations; Nirmala Sitharaman.

February 1, 2023 | 11:24 AM IST

Education budget 2023: multidisciplinary courses.

Dedicated multidisciplinary courses for medical devices will be supported in existing institutions to ensure availability of skilled manpower for futuristic medical technologies and research

February 1, 2023 | 11:21 AM IST

Education budget 2023.

Indian Institute of Millet Research, Hyderabad will be supported as Centre of Excellence for sharing best practices and research technologies at the international level: Nirmala Sitharaman 

February 1, 2023 | 11:20 AM IST

Budget 2023 live: economic agenda.

Economic agenda for our vision focuses on 

• facilitating opportunities for citizens, 
• providing strong impetus to growth and job creation; and 
• strengthening macroeconomic stability

February 1, 2023 | 11:15 AM IST

Nirmala sitharaman budget speech 2023 live.

Nirmala Sitharaman calls Budget 2023 as blue print for India@100. The seven priorities of the Union Budget 2023 is 

• Inclusive development
• Reaching last mile
• Infrastructure and investment
• Unleashing potential
• Green growth
• Youth power
• Financial sector

February 1, 2023 | 11:12 AM IST

Budget speech live 2023.

G20 Presidency gives us a unique opportunity to strengthen our role in the world economic order, we are steering an ambitious people-centric agenda to address global challenges and facilitate sustainable economic development: Nirmala Sitharaman

February 1, 2023 | 11:10 AM IST

Union budget 2023 live.

Nirmala Sitharaman says, "The world has recognized India as a bright star, our growth for current year is estimated at 7.0%, this is the highest among all major economies, in spite of massive global slowdown caused by pandemic and the war."

February 1, 2023 | 11:08 AM IST

In Budget 2022, the Academic Bank of Credits (ABC) was allocated Rs 10.90 crore for this year.

Education Budget 2023: Higher education

The Budget allocation for higher education in the past few years.

February 1, 2023 | 11:07 AM IST

School education budget.

School education budget: Outlays for major institutions, schemes

Kendriya Vidyalayas: Rs. 7,650 crore

Jawahar Navodaya Vidyalayas: Rs 4,115 crore

SSA: Rs 37,383.36 crore

PM POSHAN (mid-day meal scheme): Rs 10,233.75 crore

February 1, 2023 | 11:06 AM IST

February 1, 2023 | 11:05 AM IST

Education budget 2023 live.

Budget 2023 envisions a prosperous and inclusive India in which the fruits of development will reach all sections especially women, youth, OBC, SC, STs.

February 1, 2023 | 11:01 AM IST

Union budget 2023: nirmala sitharaman begins budget speech.

Finance minister Nirmala Sitharaman begins union budget speech. Stay tuned for updates on education budget here.

February 1, 2023 | 10:56 AM IST

Education budget 2023 live: union budget shortly.

Cabinet approves India Budget 2023. Finance minister Nirmala Sitharaman to present the Education Budget 2023 speech shortly. 

Union Finance Minister @nsitharaman arrives in Parliament to present #UnionBudget 2023-24 Stay tuned for the highlights and watch the #AmritKaalBudget Speech here⬇️ https://t.co/98WziRP2dK #UnionBudget2023 pic.twitter.com/CDCVtuTtG4 — PIB India (@PIB_India) February 1, 2023

February 1, 2023 | 10:46 AM IST

Budget 2023-24 is widely expected to boost spending towards policies that create jobs, leave more money in hands of the common man and boost manufacturing, while increasing tax revenues, the PTI reported.

February 1, 2023 | 10:45 AM IST

Union budget 2023.

"The Union Budget 2023 is expected to give an outline on the nominal GDP growth numbers. Real GDP growth in current fiscal is projected at 7 per cent and come down to 6-6.5 per cent in the next. Spotlight would also be on spending on key schemes, like NREGA, as well as key sectors like health and education," the PTI reported.

February 1, 2023 | 10:43 AM IST

Budget 2023-24 would be in paperless form, as done in the last two years, and would be available on the 'Union Budget Mobile App' for hassle-free access by Members of Parliament (MPs) and the general public.

February 1, 2023 | 10:41 AM IST

School education budget allocation of past three years.

2020-21: Rs 59,845.00 crore

2021-22: Rs 54,873.66 5 crore

2022-23: Rs 63,449.37 crore

February 1, 2023 | 10:39 AM IST

Higher education budget.

Last three years higher education budget allocation here.

2020-21: Rs 39,466.52 crore

2021-22: Rs 38,350.65 crore

2022-23: Rs. 40,828.35 crore

February 1, 2023 | 10:38 AM IST

Education budget 2023: less than half an hour to go.

Budget copies are brought to the Parliament now, as per reports. FM Nirmala Sitharaman will be presenting Education Budget 2023 live shortly.

February 1, 2023 | 10:31 AM IST

Education budget: funds for tamil, sanskrit.

The Centre has released Rs 1,186.15 lakh grants to Central Institute of Classical Tamil (CICT), Chennai which works for the development and promotion of Classical Tamil in the year 2021-22. However, the grants for Central Sanskrit University stood at Rs 19,883.16 lakh. The funds for the promotion of Sanskrit is 16 times more compared to grants released for promoting Tamil, as per the the ministry of education reply in the Lok Sabha. READ |  Centre spent 16 times the funds promoting Sanskrit in 2021-22 than Tamil

February 1, 2023 | 10:29 AM IST

Education budget of india in last 5 years.

Last five years education budget including higher education and school education.

2018-19: Rs 85,010.29 crore

2019-20: Rs 93,847.64 crore revised up to Rs. 94,853.64 crore

2020-21: Rs 99,311.52 crore

2021-22: Rs. 93,224.31 crore

2022-23: Rs. 1,04,277.72 crore

February 1, 2023 | 10:27 AM IST

Education budget 2023: bhu funds doubled.

Banaras Hindu University funds doubled from Rs 669.51 crore in 2014-15 to Rs 1,303.01 crore in 2021-22. The university saw nearly Rs 165 crore rise in the previous year compared to Rs 1137.16 crore in 2020-21.

February 1, 2023 | 10:23 AM IST

Education budget 2023: fund allocation for jmi.

The fund allocation for Aligarh Muslim University (AMU) and Jamia Millia Islamia (JMI) saw a significant cut in the financial year 2021 compared to the previous year. On the other hand, funds for Banaras Hindu University (BHU) has been doubled, the ministry of education told the Lok Sabha in July 2022. The funds for JMI saw a significant dip of Rs 68.73 crore when compared to 2020 and 2021 Union Budget allocations.

February 1, 2023 | 10:19 AM IST

Budget 2023 live streaming.

Watch Budget Speech 2023 live here.

?LIVE at 11 am Union Finance Minister @nsitharaman to present the #UnionBudget 2023-24 in Parliament Watch on #PIB 's? Facebook: https://t.co/YLxwhcVMqq YouTube: https://t.co/98WziRP2dK #UnionBudget2023 — PIB India (@PIB_India) February 1, 2023

February 1, 2023 | 10:16 AM IST

Union Home Minister Amit Shah, Defence Minister Rajnath Singh and other ministers have started arriving at the Parliament.

February 1, 2023 | 10:06 AM IST

Union budget 2023 live: one hour to go.

Finance Minister will be presenting the Education Budget 2023 at 11 AM. A Union Cabinet meeting will be held at 10 am.

February 1, 2023 | 10:04 AM IST

Budget live 2023.

The central government has been able to sanction only 396 out of 452 Eklavya Model Residential Schools (EMRSs) it proposed to set up in 2018 under the new EMRS scheme, noted a parliamentary committee. Of the 396 sanctioned EMRS, construction work has commenced on 180 locations. This means that the construction work is underway at 39% while approval has been issued for 60% of the proposed 452 schools in four years.

READ |  Construction underway for only 39% of proposed 452 Eklavya schools for tribal students

February 1, 2023 | 10:02 AM IST

Education budget for eklavya model residential schools, february 1, 2023 | 09:57 am ist, union budget: sc, obc scholarships, fellowships, february 1, 2023 | 09:56 am ist.

The outlay for several scholarship and fellowships schemes for OBCs and SC faced cuts last year. The pre-matric scholarships for Scheduled Castes received Rs 500 crore for financial year 2022-23, down from Rs 725 crore in 2021-22. In December last year,  the government announced to limit the pre-matric scholarship to Classes 9 and 10 in government schools only under the OBC category.

February 1, 2023 | 09:54 AM IST

Budget for adult education.

'New India Literacy Programme' (NILP) was approved by the central government last year with financial outlay of Rs 1,037.90 crore. The scheme has five components- foundational literacy and numeracy, critical life skills, vocational skills development, basic education and continuing education.

February 1, 2023 | 09:48 AM IST

Education budget.

In July 2022, the central government announced that the Kishore Vaigyanik Protsahan Yojana (KVPY) Aptitude Test was being scrapped from 2022 and the fellowship for which the KVPY exam was held was being subsumed within another fellowship programme, the Innovation in Science Pursuit for Inspired Research (INSPIRE).

Read |  KVPY Scrapped: ‘We found some of our brightest students through it,’ says IISc professor

February 1, 2023 | 09:43 AM IST

Education budget 2023: allocation for mental health.

Neerja Birla, founder and chairperson, MPower, an initiative of Aditya Birla Education Trust expects allocation for mental health in union budget 2023. “To ensure the momentum of progress in the space we hope for a significant increase in and a balanced budgetary allocation for mental health. Funding should be increased to make outpatient mental health care services available at all Primary Health Centres and bolster community-based services to close the existing treatment gap of up to 83%,” she said. READ MORE

February 1, 2023 | 09:39 AM IST

Nirmala sitharaman meets president droupadi murmu before budget 2023.

Union Finance Minister Nirmala Sitharaman, MoS Bhagwat Kishanrao Karad, and senior officials of the ministry of finance meet President Droupadi Murmu at Rashtrapati Bhavan before presenting the Union Budget 2023-24.

February 1, 2023 | 09:35 AM IST

What is the education budget in 2022.

Last year, the total education budget allocation for the two departments of the education ministry -school and higher education - was Rs 1,04,277.72 crore. 

• Department of Higher Education 2022-23: Rs 40,828.35
• Department of School Education and Literacy 2022-23: Rs 63,449.37 crore

February 1, 2023 | 09:34 AM IST

India education budget percentage of gdp.

The National Education Policy (NEP 2020) recommends 6 percent of the Gross Domestic Product (GDP) to education. However, the education budget has only touched nearly 3 percent as of 2022-23.

February 1, 2023 | 09:32 AM IST

Where to watch budget 2023 live.

The Union Budget 2023 will be broadcast live at indiabudget.gov.in. You can also watch the Education Budget 2023 live at.

Indiabudget.gov.in

budgetlive.nic.in

PIB Facebook - Click here

Youtube -  Click here

February 1, 2023 | 09:28 AM IST

Education budget 2023: what is heci.

Full form of HECI is Higher Education Commission of India. In the 2019 Budget speech, finance minister Nirmala Sitharaman had announced the plan to establish HECI and later said that it will be implemented in Budget 2021. However, it was not implemented. Since then, the Bill has been placed in the public domain for comments and reworked to align it with the NEP 2020.

READ |  Explainer: How will the proposed HECI change higher education?

February 1, 2023 | 09:25 AM IST

Education budget 2023 news.

Delhi University has submitted a revised proposal for a loan of Rs 940 crore from Higher Education Finance Agency to the education ministry. DU had earlier submitted a proposal for a Rs 1,075 crore HEFA loan. In its letter to the education ministry, sent in mid-November, DU said that during 2017-18, the university was only allotted Rs 10.65 crore for building infrastructure which was “not taken up” as it was a “very little amount in which no building could be constructed”.

READ |  ‘Very limited allocation’ from centre, Delhi University seeks Rs 940 crore HEFA loan

February 1, 2023 | 09:23 AM IST

Education budget 2023 live.

Last year end, the Centre announced to discontinue the Maulana Azad National Fellowship (MANF) scheme and limit the pre-matric scholarship scheme meant for backward and minority communities to students of Classes 9 and 10. The decision led to instant uproar from the students, researchers and academics.  

February 1, 2023 | 09:20 AM IST

Education budget 2023: prioritise vocational, skill education.

IC3 Institute, executive director, Neha Bahl said: "Budgetary allocation for adult education and teacher training was Rs 127 crores in 2022–2023 as against Rs 250 crores in 2021–2022. To effectively execute the objectives of NEP 2020, we anticipate that teacher training will receive a higher budget this year. In addition, a special fund may be established to enhance human resource capacity and efficiencies in the education sector. This would include bringing technological advancements and raising the standards of teaching and delivery in both public and private institutions in India."

February 1, 2023 | 09:16 AM IST

Budget expectations 2023: 'allocate 6% of gdp to education'.

Poshak Agrawal, Co-founder, Athena Education said, "The government should allocate at least 6% of the GDP to education. The spendings should be made on quality education, improved pedagogy, and experiential curriculum.”

February 1, 2023 | 09:08 AM IST

Finance Minister Nirmala Sitharaman reaches Rashtrapati Bhavan to call on President Droupadi Murmu.

February 1, 2023 | 09:04 AM IST

The Centre needs to invest at least 50% of its annual education budget in skilling engineers to handle cyber threats, given the massive digitalisation taking place across the country, an expert suggested. “First thing is that India needs to have a lot of cybersecurity awareness programmes across the country, covering all - big and small enterprises, government departments and citizens,” said Nilesh Jain, Vice President for South East Asia and India at the Japanese-origin Trend Micro.

February 1, 2023 | 09:02 AM IST

Budget for education.

Only Rs 249.14 crore has been released under Rashtriya Uchhatar Abhiyan (RUSA), for the year 2021-22, Subhas Sarkar, minister of state, ministry of education, told Lok Sabha in response to a question in December 2022. This amounts to just 8.3% of the budget estimate for the scheme in 2021-22 and 31% of the revised budget. READ |  Education ministry spent only 8.3% of budget estimate for RUSA in 2021-22

February 1, 2023 | 08:57 AM IST

Indiabudget.gov.in.

The National Informatics Centre is responsible for the Union Budget live streaming. Watch the education budget 2023 live at indiabudget.gov.in.

February 1, 2023 | 08:49 AM IST

Budget speech 2023.

Nirmala Sitharaman will read out Budget 2023 at 11 am in Parliament. The finance minister will make her speech following which the detailed budget documents will be uploaded on the official Union Budget website, indiabudget.gov.in.

February 1, 2023 | 08:48 AM IST

India budget 2023.

Finance Minister Nirmala Sitharaman with MoS Finance Dr Bhagwat Karad and team on Budget eve.

February 1, 2023 | 08:38 AM IST

Education budget 2023: nirmala sitharaman arrives at ministry of finance.

Union Finance Minister Nirmala Sitharaman arrives at the Ministry of Finance. She will be presenting the Budget 2023 in Parliament shortly.

February 1, 2023 | 08:32 AM IST

When is the union budget 2023.

Budget 2023 will be presented before the Parliament by Nirmala Sitharaman at 11 am today. Before that, under her leadership, Pankaj Chaudhary and Secretary will meet the President at 9 am. At 10 am, under PM Modi's leadership, a cabinet meeting will be held, MoS Finance Dr Bhagwat Karad said.

February 1, 2023 | 08:29 AM IST

MoS Finance Bhagwat Kishanrao Karad offers prayers ahead of the presentation of Union Budget 2023 by the government.

#WATCH | MoS Finance Dr Bhagwat Kishanrao Karad offers prayers ahead of the presentation of #UnionBudget2023 by the government pic.twitter.com/CDs5LYaf4o — ANI (@ANI) February 1, 2023

February 1, 2023 | 08:26 AM IST

Last year, school education was allocated Rs 63,449.37 crore, an increase of nearly Rs 9,000 crore compared to 2021-22.The budget estimates for the major schemes in the past few years are given below.

February 1, 2023 | 08:21 AM IST

Union budget 2023-24.

Union Budget 2023 will meet the expectations of every section of society. Modi govt has always worked in the favour of the people of the country, ANI quoted MoS Finance Pankaj Chaudhary.

February 1, 2023 | 08:14 AM IST

West bengal pm poshan scheme.

Recently, the ministry of education has constituted a Joint Review Mission to review the implementation of PM POSHAN in West Bengal in the month of January 2023. READ |  Centre to review PM POSHAN scheme implementation in West Bengal

February 1, 2023 | 08:09 AM IST

Economic survey 2022-23.

Finance Minister Nirmala Sitharaman tabled Economic Survey 2022-23 in Lok Sabha yesterday.

#MIBDailyWrap | January 31, 2023 ?President #DroupadiMurmu addressed the joint sitting of both Houses of the Parliament, today ?Finance Minister @nsitharaman tabled #EconomicSurvey 2022-23 in Lok Sabha @rashtrapatibhvn @FinMinIndia @ianuragthakur @Murugan_MoS @PIB_India pic.twitter.com/duyX5OMWW5 — Ministry of Information and Broadcasting (@MIB_India) January 31, 2023

February 1, 2023 | 08:04 AM IST

Budget session 2023-24.

Finance minister Nirmala Sitharaman will read out the Union Budget 2023 at the Parliament through a tab. The minister read the Budget speech through tab for the first time in 2021 to avoid the spread of COVID-19 pandemic. She had in July 2019 ditched the colonial legacy of a Budget Briefcase for the traditional Bahi-Khata to carry Union Budget Papers.

February 1, 2023 | 08:01 AM IST

Education budget 2023: pm poshan.

The allocation to PM POSHAN dropped from Rs 11,500 crore in 2021-22 to Rs 10,233 crore in 2022-23.

February 1, 2023 | 07:57 AM IST

Budget 2023 live stream.

Where to watch Budget 2023 live? Those who want to watch Union Budget 2023 can click on the PIB link given below to watch live online.

Youtube - Click here

February 1, 2023 | 07:54 AM IST

The union government released just half the budget allocated to Samagra Shiksha Abhiyan (SSA) by December 2022. By November 30, 2022, the union government had released Rs 19,065.33 crore of the Rs Rs 37,383 crore it had allocated to SSA – just 51%. 

READ |  Education Budget 2023: Just 51% SSA funds released till December 2022

February 1, 2023 | 07:52 AM IST

Mid-day meal scheme.

The mid-day meal scheme was renamed to the Pradhan Mantri Poshan Shakti Nirman (PM POSHAN). It is one of the world’s largest school meal programmes, covering 11.8 crore children in elementary school from Classes 1 to 8 in government schools.

February 1, 2023 | 07:50 AM IST

Union budget 2023: only 52% pm poshan funds released by december.

By November 30, the union government had released just 52% of the total funds earmarked for PM POSHAN in FY 2022-23, an analysis by the Delhi-based think-tank, Centre for Policy Research’s Accountability Initiative shows. The government had released just Rs 5,363.28 crore of the Rs 10,314 crore allocated to the Pradhan Mantri Poshan Shakti Nirman Scheme.

READ | Union Budget 2023: 52% PM POSHAN funds released by December; allocations ‘stagnant’

February 1, 2023 | 07:44 AM IST

National scheme for incentive to girls.

The National Scheme for Incentive to Girls, a scholarship incentive scheme for girl children from Schedule Tribes and rural areas, was not allocated any funds last year. The scheme had faced a cut of more than Rs 100 crore in Budget 2021.

February 1, 2023 | 07:43 AM IST

Budget 2023 expectation: doubling allocation for education.

Chocko Valliappa, Vice Chairman, Sona group of Education Institutions’ said that the education sector expects the finance minister to present a roadmap for doubling allocation for education over the next three years by cutting down/re-aligning a host of grants, subsidies and other financial SOPs.

“The skilling ecosystem needs a massive revamp. The fund allocation should be routed through the employer as is being done in the National Apprenticeship Training Scheme by BOAT thereby ensuring that there is job creation and not just skilling on paper,” Chocko Valliappa added.

February 1, 2023 | 07:40 AM IST

Budget 2023 for education.

Requesting the government to recognise and encourage upskilling, Madhushree Sekher, Dean, School of Vocational Education, Tata Institute of Social Sciences (TISS), Mumbai said: “Vocational Education is an important area, which requires decisive effort from the government. The whole concept of vocational education will be relevant only when secondary-level education in the vocational space is linked to higher education."

February 1, 2023 | 07:35 AM IST

Time of budget speech 2023.

Union Budget 2023 will be presented by the finance minister Nirmala Sitharaman today, February 1 at 11 AM.

February 1, 2023 | 07:31 AM IST

Central budget 2023.

Previous year, Nirmala Sitharaman also announced to take the following initiatives in the education sector.

2 lakh anganwadis will be upgraded in the country.

A digital university will be developed to provide access to students for world-class quality education with ISTE Standards.

For mental health counselling, a National Tele Mental Health Program

February 1, 2023 | 07:30 AM IST

'One Class One TV Channel' - The finance minister in 2022 said 'One Class One TV Channel' will be increased from 12 to 200 TV Channels to provide supplementary education in regional languages for Class 1-12.

February 1, 2023 | 07:28 AM IST

Education budget: 10 key proposals of last year.

Here are the 10 key proposals for education in the Union Budget 2022.

• Digital University
• Expansion of One Class-One TV Channel programme of PM eVIDYA
• To set up 750 virtual labs in science and mathematics, and 75 skilling e-labs for a simulated learning environment.
• High-quality e-content in all spoken languages.
• A competitive mechanism for the development of quality e-content by the teachers.
• AICTE will take the lead to improve syllabi, quality and access to urban planning courses in other institutions.
• 5 existing academic institutions will be developed as centres of excellence in urban planning for developing India specific knowledge in urban planning and design.
• World-class foreign universities and institutions will be allowed in the GIFT City to offer courses
• The skill sector will be reoriented to promote continuous skilling avenues, sustainability, and employability.
• Launching of Digital Ecosystem for Skilling and Livelihood (DESH-Stack e-portal).

February 1, 2023 | 07:20 AM IST

Parliament budget session 2023.

The Budget session 2023 began yesterday and the first part will conclude on February 13. The Parliament will reconvene on March 12 for the second part of the Budget Session that will conclude on April 6.

February 1, 2023 | 07:19 AM IST

Union budget 2023-24 date.

The Budget 2023-24 date is February 1 and time of budget speech 2023 is 11 AM.

February 1, 2023 | 07:18 AM IST

Education outlay crossed rs 1 lakh crore last year.

Last year, the total education budget allocation for the two departments of the education ministry -school and higher education - was Rs 1,04,277.72 crore, a 11.85% increase. However, the ministry of education isn’t the only ministry to fund the sector.

February 1, 2023 | 07:14 AM IST

Budget 2023 will strive to fulfill people’s hopes: pm modi.

Prime Minister Narendra Modi said the Budget 2023 to be presented by Finance Minister Nirmala Sitharaman today will strive to fulfill people's hopes, aspirations and also boost the hopes with which the world is looking at India. "The ray of hope being seen by the world will glow brighter -- for this, I firmly believe the finance minister will make all efforts to meet these aspirations," PM Modi said. 

February 1, 2023 | 07:13 AM IST

Pm modi on budget 2023.

Prime Minister Narendra Modi said his government has always worked with a singular aim of putting 'India First and Citizens First' and the same spirit will be seen during the Budget Session 2023. 

Speaking at the start of Budget Session of Parliament. https://t.co/3F7I8SKd8O — Narendra Modi (@narendramodi) January 31, 2023

February 1, 2023 | 07:09 AM IST

Budget 2023 date and time.

Union Finance Minister Nirmala Sitharaman to present the India Budget 2023-24 in Parliament today at 11 AM.

LIVE at 11 am on 1st February (Tomorrow) Union Finance Minister @nsitharaman to present the Union Budget 2023-24 in Parliament Watch on #PIB 's Facebook: https://t.co/YLxwhcVMqq YouTube: https://t.co/4Sxx8aQpDz #UnionBudget2023 — PIB India (@PIB_India) January 31, 2023

February 1, 2023 | 07:08 AM IST

Union budget 2023 today.

Finance Minister Nirmala Sitharaman will present the last full-fledged Union Budget of the Modi government before the 2024 Lok Sabha elections today on February 1. The Budget session of Parliament begins on Tuesday with the maiden address of President Droupadi Murmu to the joint sitting of both Houses.

Education Budget 2023: Just 51% SSA funds released till December 2022

SSA is the largest centrally-sponsored scheme implemented by department of school education and literacy under the ministry of education.

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Budget 2023: Education gets highest ever allocation to overcome learning losses

The union budget 2023 presented by finance minister nirmala sitharaman on wednesday set aside ₹1.12 lakh crore for education – the highest ever and an increase of around 8.2% than what was pegged in 2022-23..

The Union government will re-envision teachers’ training and develop institutes of excellence at district levels, and set up a national digital library to make available quality books across subjects to children and youngsters to help them overcome the learning losses suffered during the Covid-19 pandemic.

The Union Budget presented by finance minister Nirmala Sitharaman on Wednesday set aside ₹ 1.12 lakh crore for education — the highest ever and an increase of around 8.2% than what was pegged in 2022-23.

While the 2022-23 Budget estimate allocated ₹ 1,04,277.72 crore for the sector, the revised estimate curtailed it to ₹ 99,881.13 crore. This year’s allocation is a 13% increase from the revised estimate.

Union education minister Dharmendra Pradhan lauded the Budget as inclusive, people-centric and growth-stimulating, and said the ministry was given the highest-ever allocation.

“By giving a boost to education, skill development, entrepreneurship, research and development, digital infrastructure, green growth and job creation, the Budget draws a meticulous blueprint for India at 100 and lays a solid foundation for transforming India into a technology-driven knowledge-based economy,” he said.

In her Budget speech, Sitharaman said: “The national digital library for children and adolescents will be set up for facilitating (the) availability of quality books across geographies, languages, genres, and levels.” The library, she added, will be device agnostic and accessible.

The Covid-19 pandemic, which hit the country in 2020, wreaked havoc on basic education due to closure of schools. According to the Annual Status of Education Report released on Wednesday, the basic reading ability of children dropped to pre-2012 levels. This was visible in most states and across genders.

The government had announced the setting up of a national digital university in its last Budget. The university is likely to start operations in June-July this year.

Sitharaman said states will also be urged to set up physical libraries at panchayat levels to provide infrastructure for accessing the national digital library resources.

She said the National Book Trust, the Children’s Book Trust, and other sources will be encouraged to provide books and other study materials in English and regional languages to these physical libraries to build a culture of reading.

The physical libraries will make up for the learning loss due to the pandemic, Sitharaman said. “Collaborations with NGOs that work in the field of literacy will be encouraged to inculcate financial literacy. Financial sector regulators and organisations will be encouraged to provide age-appropriate reading material to these libraries,” she said.

The finance minister said the teachers’ training will be re-envisioned through innovative pedagogy, curriculum transaction, continuous professional development, etc. “The district institutes of education and training will be developed as vibrant institutes of excellence for this purpose,” she said.

Sitharaman also announced the setting up of 100 laboratories in engineering institutes for developing applications using 5G services. “To realise the new range of opportunities, business models and employment potential, the labs will cover, among others, applications such as smart classrooms, precision farming, intelligent transport systems and healthcare application,” she said.

Of the total outlay, ₹ 68,804.85 crore has been allocated for schools and ₹ 44,094.62 crore for higher education.

While the school Budget has witnessed an increase of 8%, from ₹ 63,449 crore (Budget estimate) in 2022-23, the allocation for higher education increased by 7.9%, from ₹ 40,828 crore (Budget estimate) in 2022-23.

The revised allocation for the school and higher education departments was kept at ₹ 59,052.78 crore and ₹ 40,828.35, respectively, in 2022-23.

The outlay for Samagra Shiksha Abhiyan, the central government’s flagship programme for universal education, remained almost the same as last year ( ₹ 37,453.46 crore). The midday meal scheme, renamed as PM Poshan, saw an increase in allocation — from ₹ 10,233 crore in 2022-23 to ₹ 11,600 crore in 2023-24. However, the allocation for the scheme was increased to ₹ 12,800 in the revised Budget.

The Budget has also set aside ₹ 4,000 crore for the government’s Pradhan Mantri Schools For Rising India (PM-SHRI) scheme, under which over 14,500 schools across the country will be upgraded as exemplary schools.

In higher education, the allocation of grants to central universities has risen to ₹ 11,528.90 crore from the revised estimate of ₹ 11,034.32 crore last year. While the monetary support to Indian Institutes of Technology (IITs) has increased by ₹ 316.5 crore, it has decreased in case of Indian Institutes of Managements (IIMs) by around ₹ 300 crore in comparison to last year.

The outlay for research and innovation has been pegged at ₹ 210.61 in 2023-24 in comparison to ₹ 218.66 crore in 2022-23. The revised allocation decreased to ₹ 185.24 crore in 2021-22.

The Budget document does not mention the allocation for Higher Education Funding Agency (HEFA). HEFA offers 10-year loans to higher education institutions for infrastructure development. The Budget for the agency was drastically trimmed to ₹ 1 lakh in 2022-23 from ₹ 1 crore in 2021-22.

University Grants Commission chairperson M Jagadesh Kumar said the increase in higher education budget will help in overcoming the learning losses during the Covid-19 pandemic and inject more digital technology for more access and equity.

“Increased fund allocation will accelerate the implementation of NEP 2020, bringing further dividends to the students to make them employable and strengthen our efforts in making India a knowledge-based economy,” he said.

Educationists welcomed the initiatives announced in the Budget.

Jyoti Arora, principal of Delh’s Mount Abu Public School, said the Budget perhaps mentioned teachers’ training, capacity-building programmes and a culture of reading for the first time.

“As an educationist, it is highly encouraging to see the Budget’s focus. The establishment of district training centres for educators will revolutionise both public and private school education across India,” Arora said.

Arora also said that the setting up of the national digital library and physical libraries at the ward and panchayat levels is like a dream come true. “The National Book Trust has been entrusted with developing a reading culture by publishing content in several regional languages. This Budget will ensure the implementation of the National Education Policy, 2020, at the micro level. At the same time, we expected some measures to support nation-building private school education.”

Dhuwarakha Sriram, chief of YuWaah (Unicef), said: “The government’s recognition of the post-pandemic learning loss is a welcome move. The digital and physical infrastructure, particularly for the most marginalised young people in the hinterland, will help build higher student engagement and interest and make learning an easy process.”

Fareeha Iftikhar is a Special Correspondent with the national political bureau of the Hindustan Times. She tracks the education ministry, and covers the beat at the national level for the newspaper. She also writes on issues related to gender, human rights and different policy matters. ...view detail

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India’s National Education Budget for 2023-24

You are here.

The Indian union government announced its national budget for the upcoming financial year 2023-24 which is the last budget placed by the current government in the Parliament before the next general elections in India in 2024. The budget allocates around INR 1.13 trillion (£11.3 billion) in national-level education spending, covering school and higher education. Meanwhile the technical and vocational education sector has been allocated a budget of around £352 million.

The overall vision of the budget is to have a technology-driven and knowledge-based economy with strong public finances, and a robust financial sector.  The government aims to achieve this through creating opportunities and fulfilling the aspirations of citizens, especially young people; providing a strong impetus for growth and job creation; spurring green growth; and strengthening macro-economic stability.

Within the overarching vision of the budget, the national education outlay has been increased by 13 per cent from the previous year, with school education having a significant increase of 16.5 per cent and higher education by 8 per cent.

The charts below show that education spending dropped in 2020 and 2021 as a result of the Covid-19 pandemic, which caused disruption to school functioning and planned activities as well as re-prioritisation of funds to healthcare and pandemic management. However, from 2022 onwards the budget has increased year on year and is now well above the pre-pandemic level. This year’s budget is the highest ever allocation to the Education Ministry.

The national education budget however does not represent India’s total planned education expenditure. Allocations are also made at the state level and these must be combined together to provide a full picture.  According to India’s latest Economic Survey 2022-23 , total education outlay, including both national and state level expenditure, added up to 2.9 per cent of the country’s 2022 GDP – a proportion that has remained constant for the last four years.  This is much lower than the ambition of India’s education budget to be at 6 per cent of GDP set out in the National Education Policy 2020 . The proportion of total annual education spending has been around 10 per cent of total government expenditure across all sectors and  dropped to below 10 per cent since 2020-21.

In the vocational education and skills sector, the Ministry of Skills Development and Entrepreneurship has been given an allocation of INR 35.2 billion (£352 million), which is an increase of 85 per cent over last year’s revised estimate.

Key announcements set out in this year’s budget related to education and skills development are listed below:

Directly led by the Ministry of Education

• Teacher training will be revamped by developing District Institutes of Education and Training as institutes of excellence and using innovative pedagogy, curriculum transaction, continuous professional development, dipstick surveys and ICT implementation.
• A National Digital Library for children and adolescents will be set-up and states will be encouraged to set up physical libraries at village level and provide infrastructure for accessing the National Digital Library resources.  This will enable building a culture of reading and to make up for learning loss over the pandemic period. 
• 38,800 teachers and support staff will be recruited over the next three years for the 740 model tribal residential schools which were announced in 2020 and cater to around 350,000 tribal students. 

Led by other Ministry and linked to higher education institutions, research and development

• Facilities in select Indian Council for Medical Research labs will be made available for research by public and private medical college faculty and private sector R&D teams for encouraging collaborative research and innovation.
• A new programme in pharmaceuticals will be undertaken through Centres of Excellence to promote research and innovation. Industry will be engaged to invest in research and development in specific priority areas.
• Dedicated multidisciplinary courses for medical devices will be supported in existing institutions to build skilled manpower for futuristic medical technologies, high-end manufacturing and research.
• To set up an effective AI ecosystem, three Centres of Excellence for Artificial Intelligence will be established in top educational institutions in partnership with industry.  This will include interdisciplinary research, cutting-edge applications and scalable problem solutions in the areas of agriculture, health, and sustainable cities.
• 100 labs for developing applications using 5G services will be set up in engineering institutions to explore a new range of opportunities, business models and employment potential. The labs will cover applications like smart classrooms, precision farming, intelligent transport systems, health care applications etc.
• A National Data Governance policy will be developed to promote innovation and research by start-ups and academia.  For HEIs, it would help in their research with access to anonymised data.
• A research and development grant for indigenous production of Lab Grown Diamond seeds and machines will be given to one of the Indian Institute of Technology (IIT) for 5 years. This will involve an industry led research and innovation effort, with the purpose to expanding India’s export in this sector and generate employment.  
• For facilitating ease of business, targeted measures will be undertaken in the GIFT City, a new business district offering financial services and technology related activities.  It includes setting up a single window IT system for registration and approval from the key banking and tax regulators, recognising offshore derivative instruments as valid contracts etc.  GIFT City recently announced policies allowing overseas HEIs to set up branch campuses and offshore education centres in the city.

Led by the Ministry of Skills Development and Entrepreneurship

• The fourth version of the national short-term skills training programme (called the Pradhan Mantri Kaushal Vikas Yojana) will be launched within the next three years. It will include on-job training and industry partnerships and cover new age courses like coding, AI, robotics, mechatronics, IOT, 3D printing, drones and soft skills.
• Additional 30 Skill India International Centres will be set up across different states to skill youth for international opportunities.
• A unified Skill India Digital platform will be established for enabling demand-based formal skilling, linking with employers including MSMEs and facilitating access to entrepreneurship schemes.
• In the existing National Apprenticeship Promotion Scheme,  direct benefit transfer will be provided as stipend to 47 lakh youth in three years.

Which elements have got a financial boost in the national education budget?

School Education budget

• A new scheme launched in 2022, called the PM Schools for Rising India (PM SHRI) got an allocation of GBP 400 million, which is a 900 per cent increase over its first year’s revised estimate.  This programme aims to prepare more than 15000 schools of excellence which will provide leadership to other schools in the neighbourhood through high quality, equitable and inclusive education. This scheme will run till 2027.  More than 20 lakh students will benefit from diverse background, multilingual needs and different academic abilities. 
• The World Bank aided programme called the Strengthening Teaching-Learning and Results for States (STARS) allocation of GBP 80 million is twice as much of the previous year’s revised estimates.  The project support the states in developing and implementing interventions for improved education outcomes and school to work transition strategies for improved labour market outcomes.
• Another new programme launched in 2022 for adult education and lifelong learning, New India Literacy Programme increased by 57 per cent over its previous year’s revised estimate.
• Increase of 12 per cent is observed over last year for various autonomous bodies in school education covering Kendriya Vidyalaya Sangathan , Navodaya Vidyalaya Samiti , National Council of Educational Research and Training etc

Higher Education budget

• The budget allocation for India’s Institutions of Eminence has increased by 25 per cent from last year’s revised estimates.  This project aims to establish 10 institutions each in public and private sector which achieve the highest levels of global excellence in teaching and research.
• The research and innovation budget has increased over the years.  The 2023-24 allocation of GBP 21 million is an increase of 275 per cent from the actual amount spent in 2021-22.  It is however interesting to note that funding for most research programmes has stayed the same or decreased marginally, but funding for the new World Bank aided project called Multidisciplinary Education and Research Improvement in Technical Education (MERITE) has increased exponentially from around £900,000 to around £10 million. It will be implemented in about 350 public sector engineering institutions and affiliated technical universities.
• The national mission on teachers and teaching which provides an integrated platform for building synergies among all the existing initiatives and augment capacity at individual level and also enhance institutional infrastructure for pre service and in service teacher training gets an increase in the allocation as GBP 4.5 million, a rise of 80 per cent.
• The University Grants Commission, the higher education regulator for non-technical education has received an increased allocation of GBP 536 million. This has steadily risen in recent years.  The allocation for All India Council for Technical Education, the second regulator and responsible for technical education has had its allocation maintained at GBP 42 million for the last three years.
• Funding for autonomous institutions in higher education have increased by 89 per cent over the last year’s revised estimate.  The main increases are observed in grants to central universities, deemed universities which are promoted by the central government, Indian Institute of Technology, Indian Institute of Information Technology, Indian Institute of Science, Education and Research, School of Planning and Architecture and grants to Councils/Institute of Excellence in Humanities and Social Sciences.

This is an important budget year for the national government before the country goes into national elections next year.  Viewed from this context, the national budget for 2023 contains something for all – it is a mix of welfare and infrastructure led growth priorities with focus on inclusion and indigenisation.

While the Indian government has promoted the 2023 national education budget as the country’s highest ever, government education spending as a percentage of GDP has stayed the same for the last three years. Total education expenditure as a percentage of all government expenditure has increased slightly but remains lower than the percentage share in 2019-20.  This is likely to be due to low contributions towards the education sector from states, affected by their poor fiscal health and lower devolution of taxes received from the centre.  State level allocations for 2023 are yet not available to assess any changes in this regard.

The education programme outlay and the priorities announced in the budget demonstrate the intention of the national government to build on the reforms it started rolling out in line with the National Education Policy 2020 and bring about improved synergy in interventions and efficiency in implementation for better learning outcomes.  By March 2022, the student enrolment in higher education has increased from 39 million to 41 million, and the number of higher education institutions (HEI) has increased  to 1,113 universities, 648 medical colleges and 23 Indian Institutes of Technology. 

Various reforms which are already underway include the national curriculum framework for the foundation stage in schools, the National Credit framework which opens avenue for further progression for students and allows them to integrate credits earned through school education, higher education, and vocational and skill education, establishment of research and development units (“cells”) in HEIs for promoting quality research and productivity through collaboration with industry and national/international agencies, internationalisation of higher education through new regulations on academic collaborations and inviting international branch campuses.

Reforms in the education sector are expected to continue to progress, with the additional renewed focus laid out by the government on reading skills for students, teacher development, research and development in niche areas through this budget.  The budget also provides further impetus for skills development to accelerate progress in meeting the objectives of the flagship Skill India initiative launched by this government in 2015.

About the Author

Sandeepa manages production and delivery of country insight and market intelligence from South Asia including India, Pakistan and Bangladesh for the UK education institutions to access opportunities for partnership and mobility.

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• Budget allocation for education sector in India FY 2018-2023

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• Interim Budget 2024-25: School education gets record allocation of over Rs 73000 crore

The budget for PM SHRI, a Ministry of Education (MoE) scheme which seeks to upgrade existing government schools to model schools, has risen from Rs 2,800 crore in 2023-24 (RE) to Rs 6,050 crore in 2024-25 -- an increase of Rs 3,250 crore.

• Updated On Feb 2, 2024 at 07:51 AM IST

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What Does the Indian Interim Budget 2024 & Increased Allocation for Education Means for Ed Stakeholders

Union Finance Minister Smt. Nirmala Sitharaman presented the Interim Budget for the financial year 2024-25 on February 1. The budget navigated the crucial pre-election year, focusing on fiscal prudence and infrastructure development. The government also prioritised vital sectors like education, technology, healthcare, and clean energy. This budget aimed to balance short-term stability and long-term growth, allowing further analysis and discussion as the nation gears up for general elections.

The education sector has been allocated ₹121,117.77 crores in total. This includes the highest-ever allocation for the Department of School Education & Literacy at ₹73,498 crore for the FY 2024-25. There has been an overall increase of ₹12,024 crore (19.56%) in the Budget Allocation of Department of School Education and Literacy in the FY 2024-25 from RE 2023-24.

As for higher education , the overall Budget Allocation in FY 2024-25 is ₹47619.77 crore, of which Scheme allocation is ₹7487.87 crore and non-scheme allocation is ₹40131.90 crore. There has been an overall increase of ₹3525.15 crore (7.99%) in the Budget Allocation of the Department of Higher Education in FY 2024-25 with respect to FY 2023-24.

In this post, we’ve covered notable highlights in the education sector for technology, school education, higher education, expectations from the annual budget and remarks from industry stakeholders.

Dr. Asmita Chitnis, Director of SIIB Pune, says, “The Indian government’s Budget 2024 initiatives for education are noteworthy. With a substantial allocation of ₹ 1.12 lakh crore, including ₹ 44,095 crore for Higher Education, a skilled workforce is prioritized. The observed 28% increase in female higher education enrolment over a decade underscores efforts towards inclusivity. The commendable achievements of the Skill India Mission, training 1.4 crore youth and upskilling 54 lakh individuals, are instrumental in bridging skill gaps. Notably, 43% of STEM course enrollees are female, reflecting strides in gender inclusivity. These measures promise a brighter future for India’s youth and signify a positive trajectory for national development.”

Increased Allocation for School Education

The finance minister has announced an increased allocation to the School Education Department amounting ₹73,498.10 crore. In the previous Budget, it was ₹68,804.85 crore, while in the Revised Estimates, the amount was increased to ₹72,473.80 crore. The actual expenditure in the year 2022-23 was ₹58,639.56 crore.

The increase in the allocation promises improved learning infrastructure, learning outcomes and equitable access to quality education.

In the PM-SHRI (Pradhan Mantri Schools for Rising India) scheme, the allocation is ₹6,050 crore. The scheme aims to improve infrastructure and curriculum aligned with the New Education Policy 2020. The Pradhan Mantri Poshan Shakti Nirman (PM POSHAN), earlier known as the mid-day meal scheme, has received an outlay of ₹12,467.39 crore. The scheme aims to improve school kids’ nutritional status and address hunger issues.

Mekin Maheshwari, CEO and Founder of Udhyam Learning Foundation, says, “Investing in our youth is investing in India’s future, and this budget rightly emphasises that. The NEP 2020 is ushering in transformational reforms in schools for rising India. Equipping students with entrepreneurial mindsets to think and be creative will help them become the future of tomorrow. This budget represents a commendable step towards empowered youth with a focus on their entrepreneurial aspirations. Overall, this budget lays a promising foundation for today’s youth, with importance given to education and skilling. There is a need for collaboration to achieve the scale of these initiatives. Its true impact will hinge on efficient implementation and ensuring equitable access to these opportunities.”

Reduced Higher Education Funding & Uncertainty for UGC

The Higher Education Department is allocated ₹47,619.77 crores, while in the revised estimates in the last year, the allocation went up to ₹ 57,244.48 crores. The actual expenditure in 2022-23 was ₹ 38,556.80 crore. The variation is reflected in the reduced allocation for PM girls’ hostels, coming down to ₹2 crore from ₹10 crore in the previous Budget. The total financial aid to students came down to ₹ 1,908 crore from ₹ 1,954 crore in the previous Budget.

The total sum allotted to the All India Council for Technical Education (AICTE) and the University Grants Commission (UGC) in this interim budget has decreased to ₹2,900 crore from ₹5,780 crore. The Pradhan Mantri Uchchatar Shiksha Abhiyan (PMUSHA), which aims to improve the quality of higher education and improve employability, has been allotted ₹ 1,814.94 crore.

Despite the changes in monetary allocation, the budget reflects a powerful message of inclusion, opportunity and innovation.

According to the Union Education Minister, Sh. Dharmendra Pradhan, the New Budget will establish a stepping stone for developing India. New IITs and IIMs have been a part of the discussion. UGC Chairman Sh. M. Jagadesh Kumar added, “ We are pleased to see a rise in allocations for Central Universities, deemed universities promoted by the Central government, research and innovation initiatives, the Pandit Madan Mohan Malviya National Mission on Teachers and Teaching, and PMUsha, demonstrating our commitment to these crucial areas “.

Pratik Kapasi, Founder of HeyCoach, says, “The Union Budget 2024 shines a light on India’s future by investing in new ITIs, IITs, IIITs, IIMs, AIIMS, and universities. I truly believe that empowering our youth requires blending the strengths of traditional institutions with the innovative approaches of edtech platforms. This combination nurtures not only academic excellence but also vital skills such as emotional intelligence, creativity, and adaptability. Post-academia, the focus should pivot towards nurturing problem-solving abilities and resilience to confront future challenges head-on. Edtech platforms extend beyond a supplementary role; they act as pivotal agents of transformation. They democratize access to the best education, customize learning to meet individual needs, and gear students up for real-world challenges. These are the attributes that will sculpt the leaders, innovators, and thinkers of the future. In Conclusion, the role of education is about cultivating a society that values critical thinking, embraces diversity, and is committed to solving complex global issues. Institutions and ed-tech platforms must work in concert to empower the youth, not just as job seekers, but as job creators, thought leaders, and catalysts for change.”

Anticipating New Skilling Opportunities

Union Education Minister Sh. Dharmendra Pradhan also stated, “Skilling and upskilling will be done for 1.4 crore youth of the country as a part of Skill India. This is a sign of enhanced employment opportunities among skilled manpower and an improved lifestyle for people.”

Ankit Shyamsukha, CEO of ICA Edu Skills, says, “It fills me with immense pride to witness the acknowledgment of our pioneering efforts in skill development. The recent announcement by Finance Minister Nirmala Sitharaman regarding the Skill India Mission, with 1.4 crore youth trained and upskilled, reaffirms the importance of our collective endeavour. ” Mr. Arjun V, Founder and CEO of Arivupro Academy, says, “The budget has drafted very focused guidelines on the holistic development of the nation with a clear agenda for economic growth and becoming a prosperous nation by 2047. The government’s focus on developing the financial sector through investments for growth in size, capacity, skills, and regulatory framework is commendable as it helps drive the necessary infrastructure needed to manage the growth. With an additional focus on skill development and vocational and job-ready youth, I foresee a huge potential for growth in the financial education sector, especially in professional courses like CA, wealth managers, and financial planners. “

Empowering Women

Smt. Sitharaman spoke about improved women’s enrolment in higher education. She said, “ Women enrolment in higher education had increased by 28% in 10 years. Girls and women constitute 43% of the enrolment in Science, Technology, Engineering, and Mathematics (STEM) courses — one of the highest in the world. All these measures are reflected in the increasing participation of women in the workforce “.

The improved women’s enrolment indicates progress in gender parity in education, especially in STEM fields. Additionally, schemes like PM Kaushal Vikas Yojana and Stand-Up India continue to receive support that aims to equip women with skills, encouraging them to start their own businesses and explore ventures of entrepreneurship.

Prof. Rudra Pratap, Founding Vice Chancellor of Plaksha University, says, “This interim budget puts the future first by investing in India’s young minds, particularly in STEM education. Empowering young women to excel in these fields is not just about inclusivity; it’s about unlocking India’s full potential for innovation. Seeing them rise to the top of the global STEM enrolment rankings is a powerful testament to their commitment. Equipping our youth with essential skills and cultivating a vibrant research landscape powered by technology paints a positive picture. While resources are important, their effectiveness depends on reaching every corner of society. This budget represents a commendable step towards an educated and empowered youth. Let’s nurture our young minds, especially our talented women, and watch them propel India towards a brighter tomorrow.”

The interim budget does not explicitly outline concrete plans for promoting technology in education. However, it does mention supporting advanced technology like Artificial Intelligence (AI) and the Internet of Things (IoT), indicating development in future-oriented tech players.

Prashant Singh, Co-Founder and COO of LeadSquared, says, “The interim budget 2024 recognises the potential of tech-focused start-ups and their vital contribution to the development of the country. The continuation of essential schemes like credit guarantee and Start-up India, Funds of Funds show a promising start-up environment in India, one that will provide employment for youth in the country and drive innovation.”

Needless to say, AI is at the core of tech, and we anticipate education-specific technology provisions in the upcoming annual budget. The interim budget has allocated a 30% higher allocation for Production-Linked Incentives (PLI) that aim to boost domestic tech manufacturing across various industries, fostering the tech industry’s growth.

Prof. Dr M.S. Moodithaya, Vice Chancellor of NITTE Deemed to be University, says, “…Among some of the proposals FM made, the provision of ₹ 1 lakh crore for providing interest-free loans to techno-savvy youth to start their enterprises is a welcome development. Because many of our youngsters today are pursuing emerging technologies like AI, Robotics, Data sciences, etc, this could help in harnessing opportunities in sunrise domains. This can boost start-up and entrepreneurship culture among our youth.”

Additionally, the government’s provision of 50-year interest-free loans for tech start-ups indicates encouragement and dedication towards investment, which is deep-tech.

Sarvesh Agrawal, Founder and CEO of Internshala, says, “The interim budget for 2024 highlighted the government’s pursuit towards a Viksit Bharat through technological research and innovation in emerging fields. Emphasising inclusive and sustainable development, the government aims to boost green power and support the electric vehicle manufacturing and charging infrastructure. This vision offers a promising trajectory for entrepreneurship and job creation in this rapidly evolving sector. This will in addition, also lead to a boost in the skilling and job creation in the EV sector. A key highlight from the finance minister’s budget announcement is the expectation of expanded opportunities for Indian youth, both domestically and globally, in areas such as skilling, learning, research, innovation, and career development. The ongoing transformations driven by the new age technologies and data-based advancements present a golden opportunity for aspiring tech enthusiasts. For the educational technology (EdTech) industry, this is the cue to enhance skill development programs in areas like deep tech, generative AI, and green technologies such as electric vehicles and solar power. Another exciting announcement pertains to the provision of a corpus of one lakh crore rupees at low interest rates and for long tenures, particularly beneficial for aspiring Indians looking to enter and progress in the tech industry. If effectively implemented, this initiative could unleash a multitude of opportunities in the entrepreneurial sector, with a strong focus on research and innovation, thus propelling India further towards an Atmanirbhar and Viksit Bharat.”

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India Education Budget 2023

The Indian government’s focus on the education sector has been growing, with the recent announcement of the largest-ever Education Budget allocation of approximately $13.67 billion in February 2023. The investment aims to support the development of EdTech, skill development, and R&D in the country.

The Indian government has announced various reskilling and upskilling courses, such as Big Data, Digital Marketing, Data Science, DevOps, Cloud Architecture, Programing, and Web Development. U.S. universities can conduct workshops and training programs in collaboration with Indian universities and industry partners. These programs can be focused on specific skills or technologies and can provide students with hands-on experience and exposure to real-world challenges.

The Indian government plans to establish three artificial intelligence centers of excellence and introduce modern industry 4.0 courses, including coding, AI, IOT, mechatronics, drones, and soft skills, which will help prepare students for the future workforce. U.S. universities can collaborate with Indian universities to design and deliver industry 4.0 courses and create curricula that are tailored to the needs of Indian students and industry. Joint research projects can also be undertaken to advance knowledge and create new solutions in this field.

The allocation of approximately $280 million for the National Research Foundation (NRF) is another positive step towards strengthening the research ecosystem in India. U.S. Universities can collaborate with NRF and tap into India’s knowledge and expertise in areas such as advanced materials, biotechnology, and energy.

Overall, the Indian education market presents many opportunities for U.S. universities to collaborate with Indian institutions and expand their reach. By leveraging India’s growing focus on EdTech, skill development, and R&D, U.S. universities can establish themselves as key players in the Indian education market.

U.S. universities willing to explore partnership opportunities with Indian educational institutions can reach out to your nearest U.S. office or the education team at the U.S. Commercial Service in India .  

• भारत सरकार Government of India
• शिक्षा मंत्रालय Ministry of Education
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Ministry of Education, GoI

Budget Estimates 2023-24

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Highlights Of Interim Budget 2024-25: Allocation Increased In Major Schemes, Education Bodies

There has been an overall increase of ₹12,024 crore (19.56%) in the budget allocation of department of school education and literacy in the fy 2024-25 from re 2023-24..

The Budget Allocation for the FY 2024-25 of ₹73,498 Crore is the highest ever for the Department of School Education and Literacy. There has been an overall increase of ₹12,024 Crore (19.56%) in the Budget Allocation of Department of School Education and Literacy in the FY 2024-25 from RE 2023-24.

The highest ever Budget Allocation may be seen in the autonomous bodies of KVS and NVS at ₹9,302 Crore and ₹5,800 Crore respectively. Allocation in KVS has increased by ₹ 802 Crore while allocation in NVS has increased by ₹330 Crore from RE 2023-24.

Budget Allocation in Flagship Schemes has increased, i.e., Samagra Shiksha (by ₹4,500 Crore), PM-POSHAN (by ₹2,467 Crore) and PM-SHRI (by ₹3,250 Crore) as compared to RE 2023-24.

In the department of Higher Education, the overall Budget Allocation in FY 2024-25 is Rs 47619.77 Crore out of which Scheme allocation is Rs 7487.87 Crore and Non- Scheme allocation is Rs 40131.90 Crore. There has been an overall increase of Rs 3525.15 Crore (7.99%) in the Budget Allocation of Department of Higher Education in the FY 2024-25 with respect to FY 2023-24.

Allocation in Central Universities has been kept at Rs 15,928.00 Crore, i.e, Rs 4314.03 Crore more than allocation in BE 2023-24. Deemed universities have been allocated Rs 596 Crore in 2024-25, which is Rs 96 Crore more than BE 2023-24. IITs have been allocated Rs 10,324.5 Crore in 2024-25, which is Rs 963.00 Crore more than allocation in BE 2023-24. For NITs, Rs 5,040 Crore has been allocated in FY 2024-25, increasing the allocation by Rs 219.40 Crore in r/o BE 2023-24.In IISERs the allocation has been kept at Rs 1,540 Crore, increasing the allocation by Rs 78 Crore in r/o BE 2023-24. Support to Indian Institute of Science (IISc) have been allocated Rs 875.77 Crore in 2024-25, which is Rs 60.37 Crore more than allocation in BE 2023-24.

For RUSA, the budget has been kept at Rs.1814.94 Crore for FY 2024-25, which is Rs 314.94 Crore more than BE 2023-24. An allocation of Rs 1,800 Crore has been kept for Institutions of Eminence(IOE), which is Rs 300 Crore more than BE 2023-24. For the scheme ‘Pradhan Mantri Uchhatar Shiksha Protsahan Yojna'(PM-USP), the budget allocation has been kept at Rs 1,558 Crore in FY 2024-25, which is Rs 4 Crore more than BE 2023-24. In the scheme ‘National Apprenticeship Training Scheme(NATS)', an allocation of Rs 600 Crore has been made in FY 2024-25, which is Rs 160 Crore more than BE 2023-24. In the scheme ‘National Mission in Education through ICT', an allocation of Rs 480 Crore has been made in FY 2024-25, which is Rs 80 Crore more than BE 2023-24. In the scheme ‘Multidisciplinary Education and Research Improvement in Technical Education-EAP (MERITE)', an allocation of Rs.200 Crore has been made in FY 2024-25, a 100% increase over the allocation in 2023-24. The scheme ‘Establishment of 3 Centres of Excellence (CoEs) in Artificial Intelligence (AI)' was a budget announcement in FY 2023-24, an allocation of Rs 255 Crore has been made in FY 2024-25.

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