The total budget allotted for school education in FY 2023–24 is Rs 68,804.85, of which Rs 54,374.48 crore is allocated under programmes, and Rs 14,430.37 crore is allocated outside of programmes.
Due to the Union Ministry of Education receiving the biggest budget ever of Rs. 1,12,899.47 crore this year, the Department of School Education and Literacy will see an increase in funding of Rs. 9,752.07 crore (16.51%).
The total budget allotted for school education in FY 2023–24 is Rs 68,804.85, of which Rs 54,374.48 crore is allocated under programmes, and Rs 14,430.37 crore is allocated outside of programmes.
The amount allotted to the Kendriya Vidyalaya Sangathan (KVS) has also gone up by Rs. 713.98 crores, or 9.33 per cent, from Rs. 7,650.00 crores in 2022–23 to Rs. 8,363.98 crores in 2023–24. On the other side, the amount allotted to the Navodaya Vidyalaya Samiti (NVS) has grown from Rs 4,115.00 crore in 2022–23 to Rs 5,486.50 crore in 2023–24, a rise of Rs 1,371.50 crore.
Union Minister for Education Dharmendra Pradhan lauded the Union Budget 2023-24 as being inclusive, people-centric and growth-stimulating Budget. He said that this Amrit Kaal Budget includes everyone, empowers the poor and middle class, reaches the last mile and brings cheer to all.
Out of Rs 1,12,899.47 crore Union Budget allocation, Rs 44,094.62 crore has been given for higher education which is 7.9 per cent higher than the previous year’s allocation.
Professor Mamidala Jagadesh Kumar, Chairman, UGC said, “This is to overcome the learning losses of the Covid-19 pandemic and inject more digital technology into higher education for more access and equity. Increased fund allocation will accelerate the implementation of NEP 2020, bringing further dividends to the students to make them employable and strengthen our efforts in making India a knowledge-based economy.”
According to the education ministry, the teachers’ training will be re-envisioned through innovative pedagogy, curriculum transaction, continuous professional development, dipstick surveys, and ICT implementation. The District Institutes of Education and Training will be developed as vibrant institutes of excellence for this purpose.
Radhika Shrivastava, Executive Director, of the Fortune Institute of International Business, said that the announcement to strengthen teacher training is a commendable initiative. It will enhance the delivery of education and the implementation of technology in India’s education segment.
Budget Allocation for FY 2023-24 in the Flagship Scheme of PM Poshan has increased by Rs 1,366.25 crore, 13.35 per cent from Rs 10233.75 crore in 2022-23 to Rs 11,600.00 crore in 2023-24.
(Source: OTV News)
