Finance Minister Nirmala Sitharaman has presented the Union Budget for the second time. The Minister has delivered her budget speech in the Parliament today, i.e, February 1, 2020. In her budget speech, she emphasized three tenets - aspirational India, Economic Development and Caring Society.
Sitharaman allocated 99,300 crores to the education sector in the Union Budget 2020 that includes 3,000 crores for Skill Development. This is a 4,500 crores rise compared to last year towards the education budget. The Minister announced that the new National Education Policy will be announced soon. Sitharaman also emphasises that the government is putting its best foot forward to promote quality education in the country. Explore the highlights of India's education Budget 2020.
Education Budget Of India 2020 Highlights
- The education sector along with the skill of youth would be improved to gain the advantage of the largest working age population in the world by 2030.
- The total allocation towards education sector in the Union Budget 2020 is 99,300 crores.
- 3,000 crores allocated for skill development.
- The National Education Policy will be rolled out soon and the Government has received over 2 lakh suggestions regarding the same.
- Foreign Direct Investment (FDI) would be encouraged in the education sector.
- Indian style SAT examination to begin for foreign students to pursue an education in India.
- The National Police University and National Forensic Science University proposed.
- The online education program at degree level to be provided to increase the quality education. The courses will be offered by the institutes in the top 100 in the National Institutional Ranking Framework (NIRF).
- The Government to start a bridge course to help aspirants to meet the demand for teachers, nurses, paramedical staff and caregivers at foreign countries.
- Indian Institute of Heritage and Conversation to be set up as a Deemed University.
- The computer-based Common Eligibility Test will be rolled out for the recruitment to non-gazetted posts. The online test will be carried by an independent agency, the National Recruiting Agency.