Education Budget 2020: Key Takeaways For Education Sector
Education Budget 2020
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.
