Rs 1 lakh cr to boost research, PM Fellowship for B.techs: Jaitley

New Delhi: A “major” initiative to boost research with a budget of Rs 1 lakh crore in four years, Eklayva Model boarding schools in tribal majority areas, and Prime Minister Fellowship for B.Techs, were the highlights in the education sector of the Budget proposals presented by Finance Minister Arun Jaitley on Thursday. “To set-up investment […]

education

New Delhi: A "major" initiative to boost research with a budget of Rs 1 lakh crore in four years, Eklayva Model boarding schools in tribal majority areas, and Prime Minister Fellowship for B.Techs, were the highlights in the education sector of the Budget proposals presented by Finance Minister Arun Jaitley on Thursday.

"To set-up investment in research and related infrastructure of premier institutions, including health institutions, I propose to launch major initiative called the Revitalising of Infrastructure and System in Education 'RISE' by 2022 with a total investment of 1 lakh crore for four years .... Higher Education Funding Agency (HEFA) would be suitably structured for funding this initiative," Jaitley announced during the budget.