Union Finance Minister Nirmala Sitharaman announced the establishment of a new central university in Leh, Ladakh, in her speech on the 2021 Union budget. A plan for a “general structure” in nine cities with a large number of institutions education and a bill to set up on Higher Education Commission of India will be approved this year.
It was the first budget after the Union Cabinet approved the 2020 National Education Policy in July. Finance Minister Nirmala Sitharaman announced that this year the government will introduce legislation to establish the Higher Education Commission of India (HECI). Sitharaman also announced that nine cities will have an “umbrella structure” for their higher education institutions to allow better “synergies” between them. Sitharaman specifically mentioned Hyderabad in Telangana as an example. The FM also clarified that the internal structure and character of any university would not be altered.
Sitharaman announced that Rs 50,000 crore will be allocated to the NEP-proposed national research foundation for a period of five years until 2026. The NRF will fund and promote research in “priority areas”.
The union’s finance minister, Nirmala Sitharaman, announced on Monday a budget of Rs 35,219 crore for the post-registration scholarship program for four caste students scheduled until 2025-2026.
The minister also announced his intention to build 750 new Eklavya model boarding schools in the next fiscal year. The EMR schools, under the Department of Tribal Affairs, aim to promote a high-level education among the students of the proposed tribe living in remote areas. The unit cost of each school in Eklavya has increased from Rs 20 crore to Rs 38 crore, and for those located in mountainous areas it has increased to Rs 48 crore.
Realigning of apprenticeship for students from Diploma in Engineering gets an allocated fund of Rs 3000 crore. Government will collaborate with UAE for skill development and deployment on successful completion of courses.