13 Percent hike in Budget Allocation for Higher Education


Posted on 2nd Mar 2015 11:10 am by mohit kumar

New Delhi, Feb 28 (IANS) Giving a boost to higher learning and with the promise of providing one major central institute in each state, India Saturday earmarked Rs.26,855 crore for higher education, an increase of over 13 percent over last year.

For the year 2015-2016, the government allocated Rs.26,855 crore to the department of higher education under the human resource development (HRD) ministry compared to Rs.23,700 crore in 2014-15, registering an increase of 13.31 percent -- a little over last year's 12.9 percent.

Finance Minister Arun Jaitley, presenting the budget for 2015-16, said that in the speech of July last year he had indicated his intention to provide one major central institute in each state.

"...In the fiscal year 2015-16, I propose to set up an IIT in Karnataka, and upgrade Indian School of Mines, Dhanbad into a full-fledged IIT. I also propose to set up a post graduate Institute of Horticulture Research and Education in Amritsar," Jaitley said.

The finance minister said he has allocated Rs.68,968 crore to the education sector including mid-day meals.

However, the allocation for the department of school education and literacy saw a decrease of 9.79 percent over 2014-15. The government has set aside Rs.42,219.5 crore for the department for 2015-16, as compared to Rs.46,805 crore last year.

Human Resource Development Minister Smriti Irani praised Jaitley for giving importance to girls' education. She said it is "a pragmatic budget that gives lot of thrust on infrastructure, skill India, innovation, girls' education".

Jaitley also announced the setting up of Indian Institutes of Management (IIMs) in Jammu and Kashmir and Andhra Pradesh, while also proposing to upgrade the existing National Institute of Speech and Hearing to a University of Disability Studies and Rehabilitation in Kerala.

"I also propose three new National Institutes of Pharmaceutical Education and Research: in Maharashtra, Rajasthan, and Chhattisgarh; and an Institutes of Science and Education Research in Nagaland and Odisha," he said.

Jaitley also proposed to set up a Centre for Film Production, Animation and Gaming in Arunachal Pradesh for the northeastern states along with an Apprenticeship Training Institute for Women in Haryana and Uttarakhand.

The minister noted that educating and skilling youth to enable them to get employment is the altar before which all must bow.

"To ensure that there is a senior secondary school within five km reach of each child, we need to upgrade over 80,000 secondary schools and add or upgrade 75,000 junior/middle to the senior secondary level," he said in his speech.

"We also have to ensure that education improves in terms of quality and learning outcomes," he added.

Under the department, the Sarva Shiksha Abhiyan (SSA) - a flagship programme to achieve universalization of elementary education in a time bound manner - has been allocated Rs.100 crore as compared to Rs.93.14 crore last year.

Jaitley also said that with a view to enable all poor and middle class students to pursue higher education of their choice without any constraint of funds, "I propose to set up a fully IT based Student Financial Aid Authority to administer and monitor Scholarship as well as educational loan schemes, through the Pradhan Mantri Vidya Lakshmi Karyakram".

He said it would be ensured that no student misses out on higher education for lack of funds.

Jaitley added that an integrated education and livelihood scheme called 'Nai Manzil' would be launched this year to enable minority youth who do not have a formal school-leaving certificate to obtain one and find better employment.

Hailing the budget, Prashant Bhalla, president, Manav Rachna Educational Institutions, said it was a "welcome budget" for the education sector.

"The finance minister has given the much needed push to professional and technical education by announcing the establishment of IITs. The plan for upgrading 80,000 secondary schools is just an indication of the focus towards quality education," he said in a statement.

Did you know?Explore Trending and Topic pages for more stories like this.
0 Like 0 Dislike
Previous news Next news
Other news

Rahul Gandhi angry at Kamal Nath's comment on Imarti Devi, said- I don't like such language, former CM refuses to apologize

Former Congress Party President Rahul Gandhi has expressed displeasure over Kamal Nath's objectio

Covid-19: Amid increasing cases in China, Adar Poonawala said – the situation is worrying, follow the rules

Increasing corona infection in many countries of the world including China has raised the concern

UP Election 2022: Amit Shah will release BJP's manifesto in Lucknow, BJP's public interest plans in Jan Kalyan Sankalp Patra

The Bharatiya Janata Party will release its manifesto i.e. Jan Kalyan Sankalp Patra on Tuesday be

Ranveer Allahbadia: Dhruv Rathi enters Ranveer Allahbadia's case, and gives this advice by sharing a video

The matter of controversial comments in 'India's Got Latent' is constantly in the headlines. A po

Mohammad Zubair gets big relief from Supreme Court, gets interim bail; All cases registered in UP transferred to Delhi

The Supreme Court on Tuesday granted bail to Alt News co-founder and fact-checker Mohammad Zubair

Gujarat: Even today, thousands of eyes reach the Morbi bridge in search of their loved ones, but sobs and memories are found

It has been more than 20 days since the incident in Morbi, Gujarat, but even today many people ar

Unemployment: 'Shortage of jobs' in cities more than in villages, report claims - the unemployment rate was 8% in November

The unemployment rate in India reached the highest level of 8 percent in the last three months in

Weather Update Today: Western Disturbance will be active from today, with snowfall on mountains, rain warning in these states

These days a special change is being seen in the weather. Snowfall started in the mountains. It i

Weather Update Today: Weather changed in Delhi-NCR, drizzle with strong winds, know the condition of other states

This time in February, the heat has created a new record. The month of February has been the warm

UP Election 2022: On the first phase of elections, PM Modi said – the trends that have come are telling that…

UP Election 2022: After voting in 58 seats in the first phase for the Uttar Pradesh assembly elec

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash