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Budget 2020: India Gets Harvard Like Education Budget Of Rs. 99,300 Crores

Finance Minister Nirmala Sitharaman while presenting the 2020-21 Budget has announced a new education policy. Under the new education policy, goverement has said that it will spend a whopping sum of Rs. 99,300 crore in the educational sector in the FY21.

Sitharamna while presting the budget said that India “by 2030, India will have the largest working age population in the world. This population needs both job and life skills. New education policy to be announced soon.”

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Notably, the education fund will help the government push schemes like Beti Bacho Beti Padho, which has shown exceptional results in recent years. Yesterday, President Ram Nath Kovind had said that the gross enrollment level of girls in the country has surpassed enrollment levels of boys in all levels – primary, secondary and at higher secondary.

The budget allocated will be spent not only to boost education within the country but also upgrade institutions as per the word standards to attract foreign students. Moreover, the government has also set aside Rs 3,000 crore for skill development.

Focusing on online education, the government also said that it will rope in the top 100 institutions to offer level full-fledged degree level courses. The details of the courses will be disclosed later.

To note, this year’s Union Budget centres around three ideas — Aspirational India, Economic development, A Caring Society. Educational development comes under the Aspirational India idea.

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The government has also proposed 1-year internship programs for engineering students to help them hone their professional skills. Moreover, the government also proposes to attach a medical college in existing district hospitals.

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