Comparing the FY 24–25 budget to the FY 23–24 allocation of ₹44,094.62 cr, the Higher Education Department saw a slight rise of ₹3525.15 cr.
The Department of Higher Education of the Education Ministry was given ₹47619.77 cr in FY 24–25 by Finance Minister Nirmala Sitharaman in her Interim Budget. She stated that female enrollment in postsecondary education has climbed by 28% and that female enrollment in STEM courses is at a record-breaking 43% worldwide.
Compared to the ₹44,094.62 cr FY 23–24 budget, the Higher Education Department’s FY 24–25 allocation has increased by ₹3525.15 cr. ₹57244.48 cr was the updated estimate for the department.
The Department of School Education and Literacy (DoSEL) has been notified as receiving ₹73,008.10 cr in budgetary allocation, out of the total ₹1,20,627.87 cr allotted to the Education Ministry.
Budget for Higher Education in 2024: Highlights
- In FY 24–25, the amount allocated to Statutory and Regulatory Bodies, such as AICTE and UGC, was reduced from ₹5780 cr in FY 23–24 to ₹2900 cr.
- The interim budget for Andhra Pradesh and Telangana Tribal Universities did not include any funding, although in FY 23–24, they were allocated ₹37.67 cr.
- In FY 23–24, National Digital University received no funding; however, in FY 24–25, it received ₹100 cr.
- Scholarships for college and university students as well as the Special Scholarship Scheme for Jammu and Kashmir were not allocated any funds under the student financial aid category this year.
