Budget 2024 Expectations: Here's Why Education Sector Needs More Focus

18 Jul 2024, 02:33 PM IST
Author: Odishatv Bureau | Credit: WIKIPEDIA

Finance Minister Nirmala Sitharaman will present the Union Budget for the current financial year on July 23.

Author: Odishatv Bureau | Credit:

In the 2023 budget, the Ministry of Education saw a significant boost with an allocation of Rs 1,12,899 crore, marking a 13% increase.

Author: Odishatv Bureau | Credit: UNSPLASH

Stakeholders expect an increase in education funds as compared to the previous year.

Author: Odishatv Bureau | Credit: UNSPLASH

The budget allocation will be extended towards the implementation of various initiatives of the Central government.

Author: Odishatv Bureau | Credit: SHUTTERSTOCK

Skill development programmes: Investment here could focus on digital infra and upskilling, thus enabling students to learn enhanced technologies.

Author: Odishatv Bureau | Credit: UNSPLASH

Support for EdTech: EdTech companies need financial aid to provide online education at a lower cost.

Author: Odishatv Bureau | Credit: UNSPLASH

Decreased interest rates: An increase in funds will enable low-interest education loans, encouraging more students to opt for higher education.

Author: Odishatv Bureau | Credit: UNPLASH

Investment in rural education: India has gradually improved its rural literacy programmes. With the allocation of more funds, more such initiatives can take place.

Author: Odishatv Bureau | Credit: MoE

Opening science labs: Government colleges will use the funds to improve laboratories and equip them with better gadgets.