Budget 2008-09

The budget has increased total allocation for the education sector by 20%t from INR 28,674 crore in 2007-08 to INR 34,400 crore in 2008-09.
In crore Rs
Central Plan outlay 2007-2008 2007-2008 2008-2009 by Ministries/Departments Budget Estimates Revised Estimates Budget Estimates Ministry of Human Resource Development 28674 25453 34400 Department of School Education & Literacy 22191 22191 26800 Department of Higher Education 6483 3262 7600

Budget Expectations

  • Increased education allocation
  • Employ more teachers  Construct more schools  Upgrade more institutes technically

 The Budget Brings

  •  Total allocation for education sector including the NER region increased by 20%t to INR 34,400 crore from INR 28,674 crore.
  • Provision of INR 13,100 crore to the Sarva Shiksha Abhiyan (SSA).
  • INR 8,000 cr for National Programme of Mid-Day Meals in schools.
  • INR 2,185 crore for the scheme of Universal Access and Quality at Secondary Stage (SUCCESS).
  • Secondary education to be provided INR 4,554 crore.
  • Shift in focus of SSA to enhancing retention, improve quality of learning and ensure access  to upper primary class against access and infrastructure at the primary level.
  • INR 650 crore allocated to A Model School Programme to establish 6,000 high quality model schools.
  • INR 130 crore allocated for  Jawahar Navodaya Vidyalayas to make them more accessible to  SC/ STs.
  • INR 80 crore for setting up new and upgrading existing hostels attached to Balika Vidyalayas.
  • Earmark additional INR 750 crore to be allocated for National Means-cum-Merit Scholarship Scheme.
  • INR 3,440 crore for University Grants Commission – includes an allocation of INR 875 crore for implementation of the recommendations of Oversight Committee.
  • INR 3,205 crore for Technical Education, including INR1647 crore for implementation of the recommendations of Oversight Committee.
  • INR 502 crore for National Mission on Information and Communication Technology.
  • Set up three IITs, two IISERs and two schools of Planning and Architecture.
  • Allocation of INR 100 crore to the Ministry of Information and Technology to establish the National Knowledge Network.
  • 16 central universities in each of the hitherto uncovered states; three IITs in Andhra Pradesh, Bihar and Rajasthan; two IISERs at Bhopal and Tiruvananthapuram; and two schools of planning and architecture at Bhopal and Vijayawada: INR 5 crore grant provided to Deccan  College and Postgraduate and Research Institute, Pune.
  • Upgradation of 500 ITIs: The implementation of the scheme of vocational training improvement with World Bank assistance.
  • Upgrade 1,396 ITIs into centres of excellence in specific trades and skills under public-private partnership.

Impact

  • Positive impact on players operating in the domestic sector.
  • Benefit to players operating in the technical upgradation space for education.
  • Focus on higher education along with primary education will lead to overall economic growth and development.
  • Companies like NIIT, Aptech, Everonn will benefit. Companies involved in education infrastructure like Educomp and Navneet Publications expected to benefit.
  • In the long-term, technology companies will benefit.
  • More skilled labour available for KPOs and tech companies going forward. Higher education and  thus incomes is also good for the retail sector.
"Exciting news! Elets Education is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!
Be a part of Elets Collaborative Initiatives. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook , connect with us on LinkedIn and follow us on Twitter , Instagram.