Over 1 lakh crores allocated for education and skill development in Budget 2023

Union Minister for Education and Skill Development & Entrepreneurship Shri Dharmendra Pradhan has lauded the Union Budget 2023-24 as being inclusive, people-centric and growth-stimulating Budget. He said that this AmritKaal Budget includes everyone, empowers poor & middle class, reaches the last mile and brings cheer to all.

Expressing his gratitude to the Prime Minister Shri Narendra Modi and Finance Minister Smt Nirmala Sitharaman, he said that giving a boost to education, skill development, entrepreneurship, R&D, digital infrastructure, green growth and job creation, the Budget draws a meticulous blueprint for India at100 and lays a solid foundation for transforming India into a technology-driven knowledge-based economy.

Shri Dharmendra Pradhan highlighted that Ministry of Education has been allocated Rs 112899.47 crore. This is the highest allocation ever to the Education Ministry. The budgetary allocation witnessed the jump of 13% (over revised estimates) which is 13,018.34 cr from FY 2022-23, he added. The Department of School Education has been allocated Rs 68,804.85 crore and Department of Higher Education gets Rs 44,094.62 crore.

Highlights of Budget 2022-23 – Department of School Education & Literacy

  • There has been an overall increase of Rs. 9752.07 cr (16.51%) in the Budget Allocation of Department of School Education & Literacy in the FY 2023-24 from FY 2022-23 (RE).
  • The overall Budget Allocation in FY 2023-24 is Rs. 68804.85 cr out of which Scheme allocation is Rs. 54374.48 cr and Non- Scheme allocation is Rs. 14430.37 cr.
  • Budget Allocation for FY 2023-24 in the Flagship Scheme of PM Poshan has increased by Rs. 1366.25 cr (13.35%) from Rs. 10233.75 cr in BE 2022-23 to Rs. 11600.00 cr in BE 2023-24.
  • Budget Allocation for FY 2023-24 in the Scheme of PM SHRI has increased by Rs. 2200.00 cr (122.22%) from Rs. 1800.00 cr in BE 2022-23 to Rs. 4000.00 cr in BE 2023-24. Under the scheme there is provision of setting up of More than 14500 PM SHRI Schools (PM Schools for Rising India) by strengthening the existing schools from amongst schools managed by Central government/ State/ UT Government/ local bodies. The duration of scheme is proposed to be from 2022-23 to 2026-27. More than 20 lakh students are expected to be direct beneficiaries of the scheme. Schools under PM SHRI will showcase the implementation of the National Education Policy 2020 and emerge as exemplar schools over a period of time, and also offer leadership to other schools in the neighborhood by providing high-quality education in an equitable, inclusive and joyful school environment that takes care of the diverse background, multilingual needs, and different academic abilities of children and makes them active participants in their own learning process as per the vision of NEP 2020.
  • Budget Allocation for FY 2023-24 for the World Bank aided Scheme of STARS has increased by Rs. 250.00 cr (45.45%) from Rs. 550.00 cr in BE 2022-23 to Rs. 800.00 cr in BE 2023-24.
  • Budget Allocation for FY 2023-24 in the Scheme of NILP has increased by Rs. 30.00 cr (23.62%) from Rs. 127.00 cr in BE 2022-23 to Rs. 157.00 cr in BE 2023-24.
  • Budget Allocation for FY 2023-24 in the Flagship Scheme of Samagra Shiksha has increased by Rs. 70.11 cr(0.18%) from Rs. 37383.36 cr in BE 2022-23 to Rs. 37453.47 cr in BE 2023-24.
  • Allocation in KVS has increased by Rs. 713.98 cr (9.33%) (from Rs.7650.00 cr in BE 2022-23 to Rs. 8363.98 cr in BE 2023-24) and in NVS by 1371.50 cr (33.32%) (from Rs.4115.00cr in BE 2022-23 to Rs. 5486.50 cr in BE 2023-24).

Highlights of Budget 2023-24  – Department of Higher Education

  • In BE 2023-24 for Higher Education an amount of Rs. 44,094.62 crore has been made as compared to Rs.  40,828.35 Crore in RE 2022-23, which is an increase of 8%.
  • In order to implement the NEP 2020 in true spirit, the best Institutions and Universities of the country, under the central government, have been given an additional Rs 4235.74 crores, which is an increase of 12.8 % over their allocation last year.
  • In BE 2023-24 Grant or UGC has been increased by 9.37% i.e. an increase of 459 crores.
  • Grant to CU have been increased by 17.66 %, Deemed University by 27%, support to IITs have been increased by 14%, and to NITs by 10.5% as compared to BE 2022-23. Also IISC, Bangalore’s Grant has been increased by 15%.
  • In BE 2023-24 for Prime Minister Research Fellowship (PMRF) an amount of Rs. 400 Crores has been provided as compared to Rs 200 Crores in BE 2022-23 i.e. 100% increase.

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