• ECCE
  • School Edu
  • Higher Edu
  • Edu Tech
  • Skills
  • Jobs
  • Advertise
  • Login
New Updates
  • ‘World No Tobacco Day 2025’: Stealth marketing of Vapes & E-Cigarettes being used to target children and the youth
  • West Bengal Govt announces massive Teacher Recruitment Drive for filling up 44, 203 vacancies
  • Central Apprenticeship Council recommends 36% Increase in Stipend for Youth under NAPS & NATS
  • University of Liverpool announces UGC approval for opening its Campus in Bengaluru by 2026
  • Imperial College London launches Imperial Global India in Bengaluru
  • Home
  • Latest
  • Spotlight
  • Perspective
  • Interview
  • Videos
  • Events
  • Shop
  • Student Kiosk
No Result
View All Result
  • Home
  • Latest
  • Spotlight
  • Perspective
  • Interview
  • Videos
  • Events
  • Shop
  • Student Kiosk
No Result
View All Result
Education21

Union Budget 2023-24: Education Sector allocation increases 13% over last year

The education sector has been allocated Rs 112899.47 Cr in this year’s budget.  Allocation for school education has increased by 8% from Rs 63,449 crore (Budget Estimate) in 2022-23 to Rs 68,804 crore in 2023-24. Further, higher education has received Rs 44,094 crore in 2023-24, an increase of 7.9 percent from Rs 40,828 crore (Budget Estimate) in 2022-23.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.

education by education
February 1, 2023
in Higher Edu, Latest, School Edu
0
Budget 2023-24: DIETs to transform into vibrant institutes of excellence
0
SHARES
137
VIEWS
Share on FacebookShare on Twitter

Education Sector Budget highlights:

School Education:

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 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 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.

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 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.

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).

 

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.

100 labs for developing apps using 5G services will be set up in HEIs., to realize new range of opportunities, business models and employment potential. Labs will cover among others, apps like Smart Classrooms, Precision Farming, Intelligent Transports Systems and Healthcare. This government has been attempting to transform engineering education by introducing courses in emerging sector and make the approach multidisciplinary, not only in IITs, NITs and IISERs etc but in engineering institutions across the country. 100 labs in engineering institutions on 5G technology related applications will provide a fillip to employment, start-ups, businesses and promote innovation & entrepreneurship in our young engineers.

Recognizing the pioneer role of the IITs in research excellence in the country, the FM announced that a research and development grant for indigenous production of Lab Grown Diamond (LGD) seeds and machines will be given to one of the IITs for 5 years. This will ensure an industry led research and innovation effort, with direct impact on exports, employment generation and India’s share in the world trade in this sector.

3 Centres of Excellence will be set up in educational institutions to “Make AI in India and Make AI work for India”.  NEP recognizes the role of AI in all sectors of the economy which will require new skill set of the work force.  AI has important role to play in the Agriculture, Health, Automobiles, Cyber Security, Smart Home / City Infrastructure, Data Analysis, Speech Recognition, Customer Service, Automated Stock Trading, Online shopping, Machine Translation,  Digital Personal Assistance.

  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • RSS Feed
Previous Post

Budget 2023-24: DIETs to transform into vibrant institutes of excellence

Next Post

Union Budget 2023: Focus on ‘Amrit Peedhi’—the youth, welcomed

education

education

Related Posts

Mohan Babu University launches Book Village Project to promote reading culture
Higher Edu

Mohan Babu University launches Book Village Project to promote reading culture

by education
May 31, 2025
Quitting smoking is linked to improved mental health – study
Higher Edu

Quitting smoking is linked to improved mental health – study

by education
May 31, 2025
‘World No Tobacco Day 2025’: Stealth marketing of Vapes & E-Cigarettes being used to target children and the youth
Latest

‘World No Tobacco Day 2025’: Stealth marketing of Vapes & E-Cigarettes being used to target children and the youth

by education
May 31, 2025
ISB Receives largest philanthropic contribution from Motilal Oswal Foundation
Higher Edu

ISB Receives largest philanthropic contribution from Motilal Oswal Foundation

by education
May 30, 2025
Shoolini University’s  SCDOE to deliver its online education through CSCs
Higher Edu

Shoolini University’s  SCDOE to deliver its online education through CSCs

by education
May 29, 2025
Next Post
Budget 2023-24: DIETs to transform into vibrant institutes of excellence

Union Budget 2023: Focus on 'Amrit Peedhi’—the youth, welcomed

  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • RSS Feed

Useful Announcements

  • All
  • Useful Announcements

Admissions for VESCOA’s  B.Arch, M.Arch, and Diploma Programs for Academic Year 2025–26 open

May 31, 2025
IIT Mandi announces PRAYAS 3.0 – A One-Month Residential Program on Robotics, AI & IoT

IIT Mandi announces PRAYAS 3.0 – A One-Month Residential Program on Robotics, AI & IoT

May 31, 2025

ETS’s TOEFL iBT® introduces adaptive testing for Reading and Listening sections starting January 2026

May 30, 2025

Registration deadline for MAT May 2025  cycle closes on June 2 

May 30, 2025

ITM University Raipur announces BBA in Supply Chain & Logistics Management with One-Year Paid Training

May 29, 2025

Udemy launches AI-Powered Role Play on Business and Communication Skills

May 29, 2025

LPU’s School of Law admissions for 3-year and 5-year law programs announced

May 29, 2025

TransStadia University invites Applications for 2025 Admissions

May 29, 2025

Alliance University launches multidisciplinary Ph.D. Program Integrating Research and Entrepreneurship

May 28, 2025

KLH Global Business School Launches Certificate Program in Digital Marketing with AI

May 28, 2025

Download current issue Not available

https://online.pubhtml5.com/jlyo/bxvr/

Monthly Magazine : Feb 2024

Interactive (Quizzes/Surveys)

Start Monthly Quiz
Education21

An initiative in continuation of Curriculum Magazine, Education21.in, is a platform for New India that aspires to be a valuable innovator, partner and collaborator for a just and sustainable world. Continuing with our steady and 360 degree coverage of education system and skills landscape, we are here more oriented towards learner community.

Useful Links

  • About us
  • Team
  • Contact
  • Editorial opportunities
  • Subscriptions
  • Job Opportunities
  • Features

Important Links

  • Blog
  • Archives
  • People
  • Careerwise
  • Resources
  • Downloadable
  • Old issues
  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • RSS Feed

Copyright © 2020 All rights reserved. Education21.

No Result
View All Result
  • Home
  • Latest
  • Spotlight
  • Perspective
  • Interview
  • Videos
  • Events
  • Shop
  • Student Kiosk

Copyright © 2020 All rights reserved. Education21.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Cleantalk Pixel