Nirmala Sitharaman, the Finance Minister presented the Union Budget 2020-21 on February 1st, 2020. In budget 2020, FM announced several measures to boost the education sector of the country. Here are some of the key takeaways for education sector:
Fund allocation:
The Union Finance Minister, Nirmala Sitharaman, said that the education sector will be allocated Rs 99,300 crore , while Rs 3,000 crore for skill development in FY21.
Online degree level education program:
The Budget proposes to start degree level full-fledged online education programme. This shall be offered only by institutions who are ranked within top 100 in the National Institutional Ranking framework.
New education policy:
“The Centre to announce new education policy soon; govt received over 2 lakh suggestions on it,” said the Finance Minister.
New National Police & Forensic universities:
The govt has also purposed to set up National Police University and National Forensic University in the country.
Bridge courses for professionals:
The government will also design special bridge courses for teachers, nurses, para medical staff, caregivers.
Internship for young engineers:
The Central government is also planning to start a programme for urban local bodies to provide opportunities for internship to young engineers.
PPP model in healthcare sector:
The government has also proposed to attach medical colleges with district hospitals on PPP model to deal with shortage of doctors.
Apprentice training program:
To boost employability, the Budget proposed apprenticeship embedded degree/diploma courses by March 2021 in about 150 higher educational institutions.
FDI in education sector:
The Finance Minister on Saturday announced that govt would also take steps to attract external commercial borrowing, Foreign Direct Investment (FDI) in education sector.
IND-SAT exam:
Under its “Study in India” programme, Ind-SAT is proposed to be held in Asian and African countries. It shall be used for bench-marking foreign candidates who receive scholarships for studying in Indian higher education centres.
National Recruitment Agency:
The Budget proposed to set up a National Recruitment Agency (NRA) as an independent, professional, specialist organisation for conduct of a computer-based online Common Eligibility Test for recruitment to non-gazetted posts.
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