Union Budget and Education Sector

Nirmala Sithraman, the newly appointed finance minister of our nation rolled out the country’s Union Budget of 2019-2020 on 5th July. Each and every sector, be it railways, home affairs, defense or education was allotted a certain amount of money. 94,853.64 crores were allotted to the education sector.
As indicated by sources, the total amount of 94,853.64 crores has been distributed, out of which for the school sector 56,536.63 crores is going to be used for the school sector and 38,317.01 crores is going to be used for the higher education sector. A majority of the amount allotted to the school sector is going to be used for the government’s newly launched scheme, the Samagra Shikha Abhiyan. For the teacher’s training and adult education, a total of 125 crores have been allotted which is much less as compared to the 2018-19 amounts which stood at 871 crores.
A total of 609 crores are to be given for research and innovation. 11000 cores have been allotted to the mid-day meal program. The finance minister addressed and stressed the importance of how encouraging and promoting research in the nation is crucial.
Under the advanced education area, the sum designated to the University Grants Commission and the All India Council for Technical Education has been diminished. By and by, then again, the focal colleges have been apportioned with 6,843 crore and the IITs, with 6,410 crores. The IIMs are apportioned with 445.5 crore which is substantially less when contrasted with a year ago. The Indian Institute of Management has seen a critical drop in the assets. The account serves while introducing the monetary allowance likewise referenced those 400 crores will be designated for building world-class foundations.
It is imperative to take note of that in a complete spending plan of 27, 86,349 crores, just 94,853.64 crores are given for the training segment. This implies just 3% of the all-out spending plan has been saved for training. In a nation where many are as yet battling for insignificant access to quality instruction, is just 3% enough?

By: Soumya Jha
Content: www.business-standard.com