As per sources in the Human Resource Development (HRD) ministry, due to lack of funds, the Narendra Modi government is likely to slash the school education budget by Rs 3000 crore for 2019-2020.
In the financial year 2019-2020, a sum of Rs 56,536.63 crore was sanctioned to the school education department. “Finance ministry officials said they will have to reduce the budget for school education by Rs 3,000 crore,” said a ministry source.
In order to get the complete fund for school education, HRD minister Ramesh Pokhriyal Nishank, along with other officials, is now trying to track the finance ministry .
The HRD ministry is persuading the finance ministry to release the complete fund because there is no other way out for the school education department to gather funds.
Unlike school education, the higher education department has things like HEFA (Higher Education Finance Agency) through which they can raise money.
The discussion was made between officials of the HRD and finance ministries two weeks ago.