The Big Picture: Education & Aspiring India
In the Union Budget 2020, Finance Minister Nirmala Sitharaman has suggested speedy implementation of the new education policy, besides several measures that will bring in a paradigm shift in the educational systems and creation of employment in India and abroad. The budget earmarked Rs 99,300 crore for the education sector in 2020-21 and about Rs 3,000 crore for skill development. In the previous Union Budget, the government's allocation for the sector was Rs 94,800 crore. The FM said about 150 higher educational institutions will start apprenticeship embedded degree/diploma courses by March 2021 and will start a programme whereby urban local bodies across the country would provide internship opportunities to fresh engineers for a period up to one year. To create infrastructure in education sector, steps would be taken to enable sourcing External Commercial Borrowings and FDI so as to able to deliver higher quality education. Institutions that are ranked within top 100 in the National Institutional Ranking framework will start degree level full-fledged online education programme for students of deprived section of the society.