According to the Union Budget 2021, the Minister of Education has been assigned Rs 93,224 crore this year, which is Rs 8100 crore more than all the revised estimates.
What Does the Education Ministry Get This Year?
The Ministry of Education has been allotted Rs 93,224 crore in the Union Budget 2021, noticing an increment of more than Rs 8,100 crore from the amended evaluations for the current monetary, as announced in Union Budget 2021 by Union Minister Nirmala Sitharaman yesterday(01/02/2021).
For the 2020-21 financial year, the Education Ministry was assigned Rs 99,311.52 initially, which was ultimately changed to Rs 85,089.07 crore as the Covid pandemic hit the country, and classes were requested closed to forestall the spread of the virus. As per the Union Budget 2021 declared on Monday in the Parliament, the Education Ministry has gotten Rs 54,873.66 crore as against Rs 59,845 crore allotted in the last Budget, a drop of Rs 4971.34 crore.
Samagra Shiksha Abhiyan, had its allotment of assets decreased for the current year, to Rs 31,050.16 crore from 38,750.50 crores in the current financial year according to the Union Budget 2021 reported yesterday.
During the current year, the funds for the National Scheme for Incentive to Girls for Secondary Education have been diminished to simply Rs 1 crore from Rs 110 crore. According to the subtleties of the financial plan, the funds for KV and NVS have been expanded for the current year.
The funds for the Kendriya Vidyalayas, nonetheless, have been expanded from Rs 5,516 crore to Rs 6,800 crore. The spending allotment to Navodaya Vidyalayas has likewise been expanded by Rs 500 crore. An amount of Rs 3,300 crore was distributed to Navodaya Vidyalayas this financial year, which has been raised to Rs 3,800 crore for the impending fiscal.
The decrease in the funds for the Higher Education Financing Agency (HEFA) is uncommon this year as it has been diminished from Rs 2200 crore to Rs 1 crore. The designation for world-class institutions has been expanded from Rs 500 crore to Rs 1,710 crore.
During the introduction of the Union Budget 2021 yesterday in the parliament, it was additionally reported that the funds for grants for school and college understudies have been expanded from Rs 141 crore to Rs 207 crore.
For such useful informative details and getting help regarding any B-School or Engineering Colleges related query or searching the best MBA colleges in cities like Delhi/Mumbai/Bangalore/Pune or Engineering colleges in top cities like Delhi/Chennai/Noida, please must check Edumyra. Also, we are here to give all the info on exams like CAT/XAT/SNAP, etc.