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Budget 2020-21: Rs.99.3k cr for Education, Rs.3k cr for Skill Development

The Budget also proposes 150 Higher Educational Institutions to start apprenticeship embedded degree/diploma courses by March 2021

Saturday February 1, 2020 4:00 PM, ummid.com News Network

Funds allocated to Education Sector

New Delhi: Presenting her second budget Saturday, Union Finance Minister Nirmala Sitharaman said the government has allocated Rs.99,300 crore for Education sector and Rs.3,000 crore for Skill Development.

"A total outlay of Rs.99,300 crore has been earmarked for the education sector in 2020-21 and Rs.3,000 crore for Skill Development", she said in her budget speech.

“By 2030, India is set to have the largest working age population in the world. Not only do they need literacy but they need both job and life skills”, the Finance Minister said while presenting the Union Budget for the year 2020-21 in the Parliament.

Sitharaman also announced that about 150 Higher Educational Institutions will start apprenticeship embedded degree/diploma courses by March 2020-21.

"This will help to improve the employability of students in the general stream (vis-a-vis services or technology stream)", she said.

New Education Policy

The Finance Minister, in her speech also said that the New Education Policy will be announced soon.

"The government will also start a program whereby urban local bodies across the country would provide internship opportunities to fresh engineers for a period of up to one year. National Skill Development Agency will give special thrust to infrastructure-focused skill development opportunities", the Minister said.

Degree level full-fledged online education programme will be started to provide quality education to students of deprived sections of the society as well as those who do not have access to higher education.

"However, these shall be offered only by institutions who are ranked within top 100 in the National Institutional Ranking Framework", she said.

FDI in Education

"Steps will be taken to enable sourcing External Commercial Borrowings and FDI to ensure greater inflow of finance to attract talented teachers, innovate and build better labs", Nirmala Sitharaman said.

The Finance Minister observed that India should be a preferred destination for higher education.

"Therefore, under its “Study in India” programme, an Ind-SAT is proposed to be held in Asian and African countries for benchmarking foreign candidates who receive scholarships for studying in Indian higher education centres", she said.

"In order to meet the requirement of qualified medical doctors, it is proposed to attach a medical college to an existing district hospital in PPP mode. Viability gap funding will be made available to the States that fully allow the facilities of the hospital to the medical college and provide land at a concession", she said.

"The Government will also encourage large hospitals with sufficient capacity to offer resident doctors DNB/FNB courses under the National Board of Examinations", she said.

Nirmala Sitharaman also said that a huge demand exists for teachers/nurses/para medical staff and care givers abroad. "Therefore special bridge courses may be designed jointly by the Ministries of Health and Skill Development along with professional bodies to match the employer’s standards as well as meet the language requirements of various countries", she said.

A National Police University and a National Forensic Science University have also been proposed in the domain of policing science, forensic science, cyber-forensics etc. in the Budget.

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