Budget: Rs 99,300 crore for Education, Rs 3,000 crore for Skill Development
New Delhi, February 1, 2020
Presenting the Budget for 2020-21 in Parliament today, Union Finance and Minister Nirmala Sitharaman said that a total outlay of Rs 99,300 crore has been earmarked for the education sector in 2020-21 and Rs 3000 crore for Skill Development.
“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 Minister said.
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).
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 explained.
The New Education Policy will be announced soon. Steps will be taken to enable sourcing External Commercial Borrowings and FDI to ensure a greater inflow of finance to attract talented teachers, innovate and build better labs, she added.
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 would be offered only by institutions ranked within top 100 in the National Institutional Ranking Framework (NIRF).
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.
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.
The Government will also encourage large hospitals with sufficient capacity to offer resident doctors DNB/FNB courses under the National Board of Examinations. A huge demand exists for teachers/nurses/para-medical staff and caregivers abroad. Therefore, special bridge courses would 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.
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.