Union Finance Minister announced the Union Budget 2021. This year the contraction is highly due to the Global Pandemic of Covid-19 just like several other countries. In effect, education institutes across the country remained close in the 2020 academic year.
Key points for Education Budget 2021:
Higher Education Commission to be set up, legislation to be introduced
Over 15,000 schools to be qualitatively strengthened, with all components of NEP
100 new Sainik schools to be set up
Umbrella structure to be created in 9 cities for better synergy
Central University to be set up in Leh
Also read: Budget 2021: Emphasis on NEP and establishment of Higher Education commission
Setting up 750 Eklavya Model Residential Schools in tribal areas
Budget hiked from Rs20 crore per school to Rs38 crore, and to Rs 48 crore per school in hilly and difficult areas
Rs 35,219 crore allocated for 6 years till 2025-26, to provide post matric scholarship to 4 crore SC students
Over Rs 3,000 crore to be provided for National Apprenticeship Promotion and Training Scheme to be realigned
National Research Foundation outlay will be Rs 50,000 crore over 5 years
