What Union Budget 2017 Has for Education and Job Sector?

The Union Budget 2017 has been released today in the parliament by the Union Finance minister Arun Jaitley. Good news for the education and job sector is that government will focus on the true potential of the youth to create job packages for textile sector and create good quality institutions which will possess better quality education.

There will be the launch of an online portal called Swayam education consisting of 350 online courses. As for international centres to facilitate youngsters to search for jobs abroad, a hundred of them will be created. Six hundred more districts will be getting PM Kaushal Kendras.

Under the government launched programme called Sankalp, 3.5 crore youth to be trained. In the vocational training program, quality and market relevance will be given importance. A special employment scheme has been introduced in the textile sector.

In order to relieve CBSE of its additional duties to conduct examinations for higher education, a National Testing Agency will be set up to conduct major entrance examinations.

CBSE will be allowed to focus majorly on academics. A budget of 2,200 crores has been allocated for skill strengthening from this year. Major institutes will get greater autonomy. UGC will be reformed for higher education, colleges and institutions will give more autonomy.

Two more All India Institute of Medical Sciences (AIIMS) will be opened in Jharkhand and Gujarat. Employment opportunities will be expanded in the tourism sector and metro rail. There are plans to turn the country into an electronic hub by providing education through a digital platform.

Additional opportunities for employment of women to open up through model shops and establishment bill. 1.25 crore people adopted Bharat Interface for Money (BHIM) app and special cash back scheme for BHIM users.