budget allocation for higher education in india

Focus on skill development and vocational education

The education budget 2022 is focusing a lot on skilling programmes which is a boon for the nation as the Covid-19 pandemic has caused a major hit in this field.

• The Skill Hub Initiative of MoE and MSDE will be launched in 5000 skill centres during the next year.
• ITIs will start courses on skilling.
• The Digital Ecosystem for Skilling and Livelihood DESH-Stack e-portal will be launched for the skilling, upskilling and reskilling of the youth.
• The e-portal will also provide API-based trusted skill credentials, payment and discovery layers to find relevant jobs and entrepreneurial opportunities
• The skill sector is to be reoriented to promote continuous skilling avenues, sustainability, and employability, and the National Skill Qualification Framework (NSQF) will be aligned with dynamic industry needs.
• 750 virtual labs will be created in science and mathematics.
• 75 skilling e-labs will be created for simulated learning environments.

E-learning in regional languages

The Covid-19 pandemic caused a major learning loss for Indian students. Approximately 1.5 million schools and 1.4 million ECD/Anganwadi centres were closed during this period.

Through pandemic waves since last year, most schools closed and re-opened several times. Consequently nearly 247 million children could not go to school for more than a year.

• The ‘One class, one TV channel' programme of PM eVIDYA will be expanded from 12 to 200 TV channels for all states to be able to provide supplementary education in regional languages for Classes 1 to 12 to make up for the loss of formal education due to Covid-19 pandemic, especially for students from rural areas, weaker sections and SC-ST communities.
• Teachers will be encouraged to develop quality e-content in different languages and different subjects so that any teacher or student can access the content from anywhere and get benefitted. A competitive mechanism to promote development of quality e-content by the teachers will be created to ensure empowered teachers and curious students.
• The concept of digital teachers in all spoken languages will be developed. Learner facing e-content will be developed in innovative teaching formats such that all content can be made simultaneously available through different mediums like online, on TV and on radio.

Job creation

Unemployment issues have been weighing heavy on India’s youth.

• Nirmala Sitharaman said the government was targeting the creation of 60 lakh jobs in 14 sectors through PM Gati Shakti and the Production Linked Incentive (PLI) Scheme for achieving Aatmanirbhar Bharat.
• Sectors of animation, gaming, and comics could bring in an employment boom. An animation, visual effects, gaming, and comic (AVGC) promotion task force will be set up to realize the potential of this sector is also a very welcome step. This will also aid in experiential learning.
• Startups will be promoted to facilitate ‘Drone Shakti’ and for Drone-As-A-Service which will create employment opportunities.

Focus on specialised learning in higher education

Certain sectors like the agriculture industry and the urban planning industries in India are being given more focus for better higher education.

• States will be encouraged to revise the syllabi of agricultural universities to meet the needs of natural, zero-budget, and organic farming, and modern-day agriculture.
• Five existing academic institutions in different regions will be developed in centres of excellence in urban planning. These centres will be provided endowment funds of Rs 250 crore each for developing India-specific knowledge in urban planning and design.
• AICTE will take the lead to improve syllabi, quality and access of urban planning courses in other institutions.
• World-class foreign universities and institutions will be allowed in the Gujarat International Finance Tec-City or GIFT City to offer courses in various subjects like Financial Management, FinTech, Science, Technology, Engineering and Mathematics.

Mental health of students

• The programme will include a network of 23 tele mental health centres of excellence.
• “NIMHANS will be the nodal centre, and IIIT Bangalore will provide technological support for the mental health programme,” Nirmala Sitharaman said.

“The E-Health Research Center at IIITB has been working with NIMHANS, National Health Mission, Govt of Karnataka, on e-Manas, a first of its kind, software platform for mental health management," explains Prof TK Srikanth, Head of E-Health Research Center, IIIT Bangalore.

"This has been deployed by the Govt of Karnataka and is being extended to the monitoring of the DMHP programme as well as psychiatric rehabilitative services. Now, IIITB will help integrate eManas with tele-health services, thus providing a comprehensive platform for mental health care that can scale up nationally," he adds.

Read: Did the education budget 2022-23 satisfy the expectations of teachers?

Read: Education Budget 2022: From better digital infrastructure to better education loans, here's what experts want

Read: Budget 2022: Key updates for the education sector

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What Does the Indian Interim Budget 2024 & Increased Allocation for Education Means for Ed Stakeholders

Union Finance Minister Smt. Nirmala Sitharaman presented the Interim Budget for the financial year 2024-25 on February 1. The budget navigated the crucial pre-election year, focusing on fiscal prudence and infrastructure development. The government also prioritised vital sectors like education, technology, healthcare, and clean energy. This budget aimed to balance short-term stability and long-term growth, allowing further analysis and discussion as the nation gears up for general elections.

The education sector has been allocated ₹121,117.77 crores in total. This includes the highest-ever allocation for the Department of School Education & Literacy at ₹73,498 crore for the FY 2024-25. There has been an overall increase of ₹12,024 crore (19.56%) in the Budget Allocation of Department of School Education and Literacy in the FY 2024-25 from RE 2023-24.

As for higher education , the overall Budget Allocation in FY 2024-25 is ₹47619.77 crore, of which Scheme allocation is ₹7487.87 crore and non-scheme allocation is ₹40131.90 crore. There has been an overall increase of ₹3525.15 crore (7.99%) in the Budget Allocation of the Department of Higher Education in FY 2024-25 with respect to FY 2023-24.

In this post, we’ve covered notable highlights in the education sector for technology, school education, higher education, expectations from the annual budget and remarks from industry stakeholders.

Dr. Asmita Chitnis, Director of SIIB Pune, says, “The Indian government’s Budget 2024 initiatives for education are noteworthy. With a substantial allocation of ₹ 1.12 lakh crore, including ₹ 44,095 crore for Higher Education, a skilled workforce is prioritized. The observed 28% increase in female higher education enrolment over a decade underscores efforts towards inclusivity. The commendable achievements of the Skill India Mission, training 1.4 crore youth and upskilling 54 lakh individuals, are instrumental in bridging skill gaps. Notably, 43% of STEM course enrollees are female, reflecting strides in gender inclusivity. These measures promise a brighter future for India’s youth and signify a positive trajectory for national development.”

Increased Allocation for School Education

The finance minister has announced an increased allocation to the School Education Department amounting ₹73,498.10 crore. In the previous Budget, it was ₹68,804.85 crore, while in the Revised Estimates, the amount was increased to ₹72,473.80 crore. The actual expenditure in the year 2022-23 was ₹58,639.56 crore.

The increase in the allocation promises improved learning infrastructure, learning outcomes and equitable access to quality education.

In the PM-SHRI (Pradhan Mantri Schools for Rising India) scheme, the allocation is ₹6,050 crore. The scheme aims to improve infrastructure and curriculum aligned with the New Education Policy 2020. The Pradhan Mantri Poshan Shakti Nirman (PM POSHAN), earlier known as the mid-day meal scheme, has received an outlay of ₹12,467.39 crore. The scheme aims to improve school kids’ nutritional status and address hunger issues.

Mekin Maheshwari, CEO and Founder of Udhyam Learning Foundation, says, “Investing in our youth is investing in India’s future, and this budget rightly emphasises that. The NEP 2020 is ushering in transformational reforms in schools for rising India. Equipping students with entrepreneurial mindsets to think and be creative will help them become the future of tomorrow. This budget represents a commendable step towards empowered youth with a focus on their entrepreneurial aspirations. Overall, this budget lays a promising foundation for today’s youth, with importance given to education and skilling. There is a need for collaboration to achieve the scale of these initiatives. Its true impact will hinge on efficient implementation and ensuring equitable access to these opportunities.”

Reduced Higher Education Funding & Uncertainty for UGC

The Higher Education Department is allocated ₹47,619.77 crores, while in the revised estimates in the last year, the allocation went up to ₹ 57,244.48 crores. The actual expenditure in 2022-23 was ₹ 38,556.80 crore. The variation is reflected in the reduced allocation for PM girls’ hostels, coming down to ₹2 crore from ₹10 crore in the previous Budget. The total financial aid to students came down to ₹ 1,908 crore from ₹ 1,954 crore in the previous Budget.

The total sum allotted to the All India Council for Technical Education (AICTE) and the University Grants Commission (UGC) in this interim budget has decreased to ₹2,900 crore from ₹5,780 crore. The Pradhan Mantri Uchchatar Shiksha Abhiyan (PMUSHA), which aims to improve the quality of higher education and improve employability, has been allotted ₹ 1,814.94 crore.

Despite the changes in monetary allocation, the budget reflects a powerful message of inclusion, opportunity and innovation.

According to the Union Education Minister, Sh. Dharmendra Pradhan, the New Budget will establish a stepping stone for developing India. New IITs and IIMs have been a part of the discussion. UGC Chairman Sh. M. Jagadesh Kumar added, “ We are pleased to see a rise in allocations for Central Universities, deemed universities promoted by the Central government, research and innovation initiatives, the Pandit Madan Mohan Malviya National Mission on Teachers and Teaching, and PMUsha, demonstrating our commitment to these crucial areas “.

Pratik Kapasi, Founder of HeyCoach, says, “The Union Budget 2024 shines a light on India’s future by investing in new ITIs, IITs, IIITs, IIMs, AIIMS, and universities. I truly believe that empowering our youth requires blending the strengths of traditional institutions with the innovative approaches of edtech platforms. This combination nurtures not only academic excellence but also vital skills such as emotional intelligence, creativity, and adaptability. Post-academia, the focus should pivot towards nurturing problem-solving abilities and resilience to confront future challenges head-on. Edtech platforms extend beyond a supplementary role; they act as pivotal agents of transformation. They democratize access to the best education, customize learning to meet individual needs, and gear students up for real-world challenges. These are the attributes that will sculpt the leaders, innovators, and thinkers of the future. In Conclusion, the role of education is about cultivating a society that values critical thinking, embraces diversity, and is committed to solving complex global issues. Institutions and ed-tech platforms must work in concert to empower the youth, not just as job seekers, but as job creators, thought leaders, and catalysts for change.”

Anticipating New Skilling Opportunities

Union Education Minister Sh. Dharmendra Pradhan also stated, “Skilling and upskilling will be done for 1.4 crore youth of the country as a part of Skill India. This is a sign of enhanced employment opportunities among skilled manpower and an improved lifestyle for people.”

Ankit Shyamsukha, CEO of ICA Edu Skills, says, “It fills me with immense pride to witness the acknowledgment of our pioneering efforts in skill development. The recent announcement by Finance Minister Nirmala Sitharaman regarding the Skill India Mission, with 1.4 crore youth trained and upskilled, reaffirms the importance of our collective endeavour. ” Mr. Arjun V, Founder and CEO of Arivupro Academy, says, “The budget has drafted very focused guidelines on the holistic development of the nation with a clear agenda for economic growth and becoming a prosperous nation by 2047. The government’s focus on developing the financial sector through investments for growth in size, capacity, skills, and regulatory framework is commendable as it helps drive the necessary infrastructure needed to manage the growth. With an additional focus on skill development and vocational and job-ready youth, I foresee a huge potential for growth in the financial education sector, especially in professional courses like CA, wealth managers, and financial planners. “

Empowering Women

Smt. Sitharaman spoke about improved women’s enrolment in higher education. She said, “ Women enrolment in higher education had increased by 28% in 10 years. Girls and women constitute 43% of the enrolment in Science, Technology, Engineering, and Mathematics (STEM) courses — one of the highest in the world. All these measures are reflected in the increasing participation of women in the workforce “.

The improved women’s enrolment indicates progress in gender parity in education, especially in STEM fields. Additionally, schemes like PM Kaushal Vikas Yojana and Stand-Up India continue to receive support that aims to equip women with skills, encouraging them to start their own businesses and explore ventures of entrepreneurship.

Prof. Rudra Pratap, Founding Vice Chancellor of Plaksha University, says, “This interim budget puts the future first by investing in India’s young minds, particularly in STEM education. Empowering young women to excel in these fields is not just about inclusivity; it’s about unlocking India’s full potential for innovation. Seeing them rise to the top of the global STEM enrolment rankings is a powerful testament to their commitment. Equipping our youth with essential skills and cultivating a vibrant research landscape powered by technology paints a positive picture. While resources are important, their effectiveness depends on reaching every corner of society. This budget represents a commendable step towards an educated and empowered youth. Let’s nurture our young minds, especially our talented women, and watch them propel India towards a brighter tomorrow.”

The interim budget does not explicitly outline concrete plans for promoting technology in education. However, it does mention supporting advanced technology like Artificial Intelligence (AI) and the Internet of Things (IoT), indicating development in future-oriented tech players.

Prashant Singh, Co-Founder and COO of LeadSquared, says, “The interim budget 2024 recognises the potential of tech-focused start-ups and their vital contribution to the development of the country. The continuation of essential schemes like credit guarantee and Start-up India, Funds of Funds show a promising start-up environment in India, one that will provide employment for youth in the country and drive innovation.”

Needless to say, AI is at the core of tech, and we anticipate education-specific technology provisions in the upcoming annual budget. The interim budget has allocated a 30% higher allocation for Production-Linked Incentives (PLI) that aim to boost domestic tech manufacturing across various industries, fostering the tech industry’s growth.

Prof. Dr M.S. Moodithaya, Vice Chancellor of NITTE Deemed to be University, says, “…Among some of the proposals FM made, the provision of ₹ 1 lakh crore for providing interest-free loans to techno-savvy youth to start their enterprises is a welcome development. Because many of our youngsters today are pursuing emerging technologies like AI, Robotics, Data sciences, etc, this could help in harnessing opportunities in sunrise domains. This can boost start-up and entrepreneurship culture among our youth.”

Additionally, the government’s provision of 50-year interest-free loans for tech start-ups indicates encouragement and dedication towards investment, which is deep-tech.

Sarvesh Agrawal, Founder and CEO of Internshala, says, “The interim budget for 2024 highlighted the government’s pursuit towards a Viksit Bharat through technological research and innovation in emerging fields. Emphasising inclusive and sustainable development, the government aims to boost green power and support the electric vehicle manufacturing and charging infrastructure. This vision offers a promising trajectory for entrepreneurship and job creation in this rapidly evolving sector. This will in addition, also lead to a boost in the skilling and job creation in the EV sector. A key highlight from the finance minister’s budget announcement is the expectation of expanded opportunities for Indian youth, both domestically and globally, in areas such as skilling, learning, research, innovation, and career development. The ongoing transformations driven by the new age technologies and data-based advancements present a golden opportunity for aspiring tech enthusiasts. For the educational technology (EdTech) industry, this is the cue to enhance skill development programs in areas like deep tech, generative AI, and green technologies such as electric vehicles and solar power. Another exciting announcement pertains to the provision of a corpus of one lakh crore rupees at low interest rates and for long tenures, particularly beneficial for aspiring Indians looking to enter and progress in the tech industry. If effectively implemented, this initiative could unleash a multitude of opportunities in the entrepreneurial sector, with a strong focus on research and innovation, thus propelling India further towards an Atmanirbhar and Viksit Bharat.”

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India’s National Education Budget for 2023-24

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The Indian union government announced its national budget for the upcoming financial year 2023-24 which is the last budget placed by the current government in the Parliament before the next general elections in India in 2024. The budget allocates around INR 1.13 trillion (£11.3 billion) in national-level education spending, covering school and higher education. Meanwhile the technical and vocational education sector has been allocated a budget of around £352 million.

The overall vision of the budget is to have a technology-driven and knowledge-based economy with strong public finances, and a robust financial sector.  The government aims to achieve this through creating opportunities and fulfilling the aspirations of citizens, especially young people; providing a strong impetus for growth and job creation; spurring green growth; and strengthening macro-economic stability.

Within the overarching vision of the budget, the national education outlay has been increased by 13 per cent from the previous year, with school education having a significant increase of 16.5 per cent and higher education by 8 per cent.

The charts below show that education spending dropped in 2020 and 2021 as a result of the Covid-19 pandemic, which caused disruption to school functioning and planned activities as well as re-prioritisation of funds to healthcare and pandemic management. However, from 2022 onwards the budget has increased year on year and is now well above the pre-pandemic level. This year’s budget is the highest ever allocation to the Education Ministry.

The national education budget however does not represent India’s total planned education expenditure. Allocations are also made at the state level and these must be combined together to provide a full picture.  According to India’s latest Economic Survey 2022-23 , total education outlay, including both national and state level expenditure, added up to 2.9 per cent of the country’s 2022 GDP – a proportion that has remained constant for the last four years.  This is much lower than the ambition of India’s education budget to be at 6 per cent of GDP set out in the National Education Policy 2020 . The proportion of total annual education spending has been around 10 per cent of total government expenditure across all sectors and  dropped to below 10 per cent since 2020-21.

In the vocational education and skills sector, the Ministry of Skills Development and Entrepreneurship has been given an allocation of INR 35.2 billion (£352 million), which is an increase of 85 per cent over last year’s revised estimate.

Key announcements set out in this year’s budget related to education and skills development are listed below:

Directly led by the Ministry of Education

• Teacher training will be revamped by developing District Institutes of Education and Training as institutes of excellence and using innovative pedagogy, curriculum transaction, continuous professional development, dipstick surveys and ICT implementation.
• A National Digital Library for children and adolescents will be set-up and states will be encouraged to set up physical libraries at village level and provide infrastructure for accessing the National Digital Library resources.  This will enable building a culture of reading and to make up for learning loss over the pandemic period. 
• 38,800 teachers and support staff will be recruited over the next three years for the 740 model tribal residential schools which were announced in 2020 and cater to around 350,000 tribal students. 

Led by other Ministry and linked to higher education institutions, research and development

• Facilities in select Indian Council for Medical Research labs will be made available for research by public and private medical college faculty and private sector R&D teams for encouraging collaborative research and innovation.
• A new programme in pharmaceuticals will be undertaken through Centres of Excellence to promote research and innovation. Industry will be engaged to invest in research and development in specific priority areas.
• Dedicated multidisciplinary courses for medical devices will be supported in existing institutions to build skilled manpower for futuristic medical technologies, high-end manufacturing and research.
• To set up an effective AI ecosystem, three Centres of Excellence for Artificial Intelligence will be established in top educational institutions in partnership with industry.  This will include interdisciplinary research, cutting-edge applications and scalable problem solutions in the areas of agriculture, health, and sustainable cities.
• 100 labs for developing applications using 5G services will be set up in engineering institutions to explore a new range of opportunities, business models and employment potential. The labs will cover applications like smart classrooms, precision farming, intelligent transport systems, health care applications etc.
• A National Data Governance policy will be developed to promote innovation and research by start-ups and academia.  For HEIs, it would help in their research with access to anonymised data.
• A research and development grant for indigenous production of Lab Grown Diamond seeds and machines will be given to one of the Indian Institute of Technology (IIT) for 5 years. This will involve an industry led research and innovation effort, with the purpose to expanding India’s export in this sector and generate employment.  
• For facilitating ease of business, targeted measures will be undertaken in the GIFT City, a new business district offering financial services and technology related activities.  It includes setting up a single window IT system for registration and approval from the key banking and tax regulators, recognising offshore derivative instruments as valid contracts etc.  GIFT City recently announced policies allowing overseas HEIs to set up branch campuses and offshore education centres in the city.

Led by the Ministry of Skills Development and Entrepreneurship

• The fourth version of the national short-term skills training programme (called the Pradhan Mantri Kaushal Vikas Yojana) will be launched within the next three years. It will include on-job training and industry partnerships and cover new age courses like coding, AI, robotics, mechatronics, IOT, 3D printing, drones and soft skills.
• Additional 30 Skill India International Centres will be set up across different states to skill youth for international opportunities.
• A unified Skill India Digital platform will be established for enabling demand-based formal skilling, linking with employers including MSMEs and facilitating access to entrepreneurship schemes.
• In the existing National Apprenticeship Promotion Scheme,  direct benefit transfer will be provided as stipend to 47 lakh youth in three years.

Which elements have got a financial boost in the national education budget?

School Education budget

• A new scheme launched in 2022, called the PM Schools for Rising India (PM SHRI) got an allocation of GBP 400 million, which is a 900 per cent increase over its first year’s revised estimate.  This programme aims to prepare more than 15000 schools of excellence which will provide leadership to other schools in the neighbourhood through high quality, equitable and inclusive education. This scheme will run till 2027.  More than 20 lakh students will benefit from diverse background, multilingual needs and different academic abilities. 
• The World Bank aided programme called the Strengthening Teaching-Learning and Results for States (STARS) allocation of GBP 80 million is twice as much of the previous year’s revised estimates.  The project support the states in developing and implementing interventions for improved education outcomes and school to work transition strategies for improved labour market outcomes.
• Another new programme launched in 2022 for adult education and lifelong learning, New India Literacy Programme increased by 57 per cent over its previous year’s revised estimate.
• Increase of 12 per cent is observed over last year for various autonomous bodies in school education covering Kendriya Vidyalaya Sangathan , Navodaya Vidyalaya Samiti , National Council of Educational Research and Training etc

Higher Education budget

• The budget allocation for India’s Institutions of Eminence has increased by 25 per cent from last year’s revised estimates.  This project aims to establish 10 institutions each in public and private sector which achieve the highest levels of global excellence in teaching and research.
• The research and innovation budget has increased over the years.  The 2023-24 allocation of GBP 21 million is an increase of 275 per cent from the actual amount spent in 2021-22.  It is however interesting to note that funding for most research programmes has stayed the same or decreased marginally, but funding for the new World Bank aided project called Multidisciplinary Education and Research Improvement in Technical Education (MERITE) has increased exponentially from around £900,000 to around £10 million. It will be implemented in about 350 public sector engineering institutions and affiliated technical universities.
• The national mission on teachers and teaching which provides an integrated platform for building synergies among all the existing initiatives and augment capacity at individual level and also enhance institutional infrastructure for pre service and in service teacher training gets an increase in the allocation as GBP 4.5 million, a rise of 80 per cent.
• The University Grants Commission, the higher education regulator for non-technical education has received an increased allocation of GBP 536 million. This has steadily risen in recent years.  The allocation for All India Council for Technical Education, the second regulator and responsible for technical education has had its allocation maintained at GBP 42 million for the last three years.
• Funding for autonomous institutions in higher education have increased by 89 per cent over the last year’s revised estimate.  The main increases are observed in grants to central universities, deemed universities which are promoted by the central government, Indian Institute of Technology, Indian Institute of Information Technology, Indian Institute of Science, Education and Research, School of Planning and Architecture and grants to Councils/Institute of Excellence in Humanities and Social Sciences.

This is an important budget year for the national government before the country goes into national elections next year.  Viewed from this context, the national budget for 2023 contains something for all – it is a mix of welfare and infrastructure led growth priorities with focus on inclusion and indigenisation.

While the Indian government has promoted the 2023 national education budget as the country’s highest ever, government education spending as a percentage of GDP has stayed the same for the last three years. Total education expenditure as a percentage of all government expenditure has increased slightly but remains lower than the percentage share in 2019-20.  This is likely to be due to low contributions towards the education sector from states, affected by their poor fiscal health and lower devolution of taxes received from the centre.  State level allocations for 2023 are yet not available to assess any changes in this regard.

The education programme outlay and the priorities announced in the budget demonstrate the intention of the national government to build on the reforms it started rolling out in line with the National Education Policy 2020 and bring about improved synergy in interventions and efficiency in implementation for better learning outcomes.  By March 2022, the student enrolment in higher education has increased from 39 million to 41 million, and the number of higher education institutions (HEI) has increased  to 1,113 universities, 648 medical colleges and 23 Indian Institutes of Technology. 

Various reforms which are already underway include the national curriculum framework for the foundation stage in schools, the National Credit framework which opens avenue for further progression for students and allows them to integrate credits earned through school education, higher education, and vocational and skill education, establishment of research and development units (“cells”) in HEIs for promoting quality research and productivity through collaboration with industry and national/international agencies, internationalisation of higher education through new regulations on academic collaborations and inviting international branch campuses.

Reforms in the education sector are expected to continue to progress, with the additional renewed focus laid out by the government on reading skills for students, teacher development, research and development in niche areas through this budget.  The budget also provides further impetus for skills development to accelerate progress in meeting the objectives of the flagship Skill India initiative launched by this government in 2015.

About the Author

Sandeepa manages production and delivery of country insight and market intelligence from South Asia including India, Pakistan and Bangladesh for the UK education institutions to access opportunities for partnership and mobility.

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Union Interim Budget 2024-25: Key Highlights for the Education Sector

• School Education received Rs 68,805 crore, indicating a significant increase of 16.5 percent compared to the revised expectations for FY23.
• Higher Education was allotted Rs 44,095 crore, marking an eight percent increase from the revised expectations for FY23.
• The budget also highlighted key initiatives such as the focus on Ekalavya Schools' recruitment, the introduction of research programs, and the establishment of new research centers.
• Additional enhancements were introduced through the revision of the apprenticeship scheme and the establishment of 157 new nursing colleges.

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• Indian education sector’s budget wishlist – Subsidised access to laptops and smartphones, focus on edtech

Indian education sector’s budget wishlist – Subsidised access to laptops and smartphones, focus on edtech

• India’s Union Budget 2022 is expected to focus more on the learning loss due to COVID-19, and the implementation of the new National Educational Policy.
• Last year, the budget allocation for the education sector was ₹93,224 crore, constituted 2.67% of the central government’s estimated budget for 2021-22.
• Here’s what we can expect from the Union Budget 2022-23 .

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• Budget allocation for education sector in India FY 2018-2023

Total budget allocation for the education sector in India from financial year 2018 to 2023 (in billion Indian rupees)

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January 2023

FY 2018 to 2023

India's financial year begins in April and ends in March. For example, FY 2021 started in April 2020 and ended in March 2021. One Indian rupee is equal to 0.011 euros and 0.012 U.S. dollars (as of January 2023).

Other statistics on the topic Education in India

Demographics

• Number of Indian students studying abroad 2017-2022
• CPI of education India 2022-2023
• Number of universities in India FY 2015-2022
• Net enrollment ratio for primary and upper primary education India FY 2016-2022

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Statistics on " Education in India "

• Market size of education industry India FY 2020-2025
• School market size in India 2022-2028
• School market distribution in India 2023, by education level
• Preschool and childcare market size India 2022-2028
• Size of the higher education market in India 2022-2028
• Indian EdTech market size 2020-2025
• India's performance in quality education SDG 2023, by indicator
• Rate of literate population in India 2022 by gender
• Ratio of pupil to teacher in India 2022, by education level
• Multidimensionally poor and deprived population in education in India 2006-2021
• Education consumer spending per capita worldwide 2020, by country
• Budget expenditure on teachers training and adult education in India FY 2022-2023
• Total budget expenditure on STARS project in India FY 2022-2023
• Budget allocation towards Samagra Shiksha Scheme in India FY 2022-2023
• Number of schools India 2022, by type
• Number of school students in India FY 2022, by education level
• Distribution of K-12 schools in India 2023, by funding institution
• Market share of pre-primary education India 2023, by players
• Gender parity index at primary school level India FY 2016-2022
• Gender parity index at higher secondary school level India FY 2016-2022
• Gross enrollment ratio for higher secondary education India FY 2016-2022
• Distribution of the higher education market India 2023, by segment
• Estimated number of student enrolments in higher education in India FY 2020-2035
• Number of student enrolments in higher education in India FY 2016-2022, by gender
• Share of universities in India FY 2012-2020, by type
• Number of colleges in India FY 2016-2021
• Share of students who attend tuition classes in rural India 2018-2022
• Share of students who attend tuition classes in rural India 2018-2022, by state
• Leading K12 and test preparation platforms in India 2022, by website traffic
• Edtech platform users in India 2023, by platform
• Share of Ed Tech consumers in India 2023, by type
• Time spent on education apps India 2022, by subgenre
• Funding raised by Byju's from 2013 to 2023
• Profit of AESL FY 2014-2020

Other statistics that may interest you Education in India

Education market

• Premium Statistic Market size of education industry India FY 2020-2025
• Premium Statistic School market size in India 2022-2028
• Premium Statistic School market distribution in India 2023, by education level
• Premium Statistic Preschool and childcare market size India 2022-2028
• Premium Statistic Size of the higher education market in India 2022-2028
• Premium Statistic Indian EdTech market size 2020-2025

Key Indicators

• Premium Statistic India's performance in quality education SDG 2023, by indicator
• Premium Statistic Rate of literate population in India 2022 by gender
• Premium Statistic Ratio of pupil to teacher in India 2022, by education level
• Premium Statistic Multidimensionally poor and deprived population in education in India 2006-2021
• Premium Statistic CPI of education India 2022-2023

Expenditure on education

• Premium Statistic Education consumer spending per capita worldwide 2020, by country
• Premium Statistic Budget allocation for education sector in India FY 2018-2023
• Premium Statistic Budget expenditure on teachers training and adult education in India FY 2022-2023
• Premium Statistic Total budget expenditure on STARS project in India FY 2022-2023
• Premium Statistic Budget allocation towards Samagra Shiksha Scheme in India FY 2022-2023

School education

• Premium Statistic Number of schools India 2022, by type
• Premium Statistic Number of school students in India FY 2022, by education level
• Premium Statistic Distribution of K-12 schools in India 2023, by funding institution
• Premium Statistic Market share of pre-primary education India 2023, by players
• Premium Statistic Gender parity index at primary school level India FY 2016-2022
• Premium Statistic Net enrollment ratio for primary and upper primary education India FY 2016-2022
• Premium Statistic Gender parity index at higher secondary school level India FY 2016-2022
• Premium Statistic Gross enrollment ratio for higher secondary education India FY 2016-2022

Higher education

• Premium Statistic Distribution of the higher education market India 2023, by segment
• Premium Statistic Estimated number of student enrolments in higher education in India FY 2020-2035
• Premium Statistic Number of student enrolments in higher education in India FY 2016-2022, by gender
• Premium Statistic Number of universities in India FY 2015-2022
• Premium Statistic Share of universities in India FY 2012-2020, by type
• Premium Statistic Number of colleges in India FY 2016-2021
• Premium Statistic Number of Indian students studying abroad 2017-2022

Edtech and private coaching

• Premium Statistic Share of students who attend tuition classes in rural India 2018-2022
• Premium Statistic Share of students who attend tuition classes in rural India 2018-2022, by state
• Premium Statistic Leading K12 and test preparation platforms in India 2022, by website traffic
• Premium Statistic Edtech platform users in India 2023, by platform
• Premium Statistic Share of Ed Tech consumers in India 2023, by type
• Premium Statistic Time spent on education apps India 2022, by subgenre
• Premium Statistic Funding raised by Byju's from 2013 to 2023
• Premium Statistic Profit of AESL FY 2014-2020

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Union Budget (2020-21) - Department of Higher Education

Dataset description.

Total Union Budget allocation for the Department of Higher Education under the Ministry of Human Resource Development. It contains budgetary allocations by the Union Government for interventions in University and Higher education through University Grants Commission (UGC), Assistance to State Governments for Degree Colleges, various schemes and programmes like Rashtriya Uchcha Shiksha Abhiyan (RUSA), National Mission on Teachers and Teaching, National Initiative on Sports and Wellness, Support for Skill based Higher Education including Community Colleges, Andhra Pradesh and Telangana Tribal Universities, and Establishment of Tribunals, Accreditation Authority, NCHER and National Finance Corporation. It also contains allocations for scholarship for college and university students, and for Open and Distance Education and ICT like IGNOU. Further, it contains allocations for Development of Languages, and for Institutes of Technical Education like IITs, NITTTRs, IIMs and other Institutions funded by the Union Government.

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Total Union Budget allocation for the Department of Higher Education under...

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Budget 2023: Education Ministry gets highest-ever allocation of ₹ 1.12 lakh cr

Budget 2023-24: the department of school education and literacy has got ₹68,804.85 cr, and higher education department has got ₹44,094.62 cr..

In the 2023-24 financial year, the central government plans to spend over ₹ 1.12 lakh crore in the education sector. Outlay of the Ministry of Education for the next financial year is ₹ 1,12,898.97 crore, which is a significant increase from revised estimates of the current financial year. Education Budget 2023 Live Updates

This is also the highest-ever budget allocated to the ministry.

Education Ministry’s Department of School Education and Literacy has been allocated ₹ 68,804.85 crore, while the Higher Education Department has been allocated ₹ 44,094.62 crore.

As per revised estimates of 2022-23 financial year shown in budget documents, the Higher Education budget for the current financial year stands at ₹ 40,828.35 crore. The School Education Department got ₹ 59,052.78 crore.

Education Budget 2023: Key Highlights

In the school education budget , the government has allocated ₹ 364.1 crore for Central Sector Schemes/Projects, which include National Award to Teachers, Pradhan Mantri Innovative Learning Programme (DHRUV) and National Means cum Merit Scholarship Scheme.

Expenditure of autonomous bodies for 2023-24 is at ₹ 14,391.36 crore. This include ₹ 8,363.98 crore for Kendriya Vidyalaya Sangathan (KVS); ₹ 5,486.50 crore for Navodaya Vidyalaya Samiti and ₹ 518.50 crore allocated to the National Council of Educational Research and Training (NCERT).

A large chunk of the school education budget has been allocated to Samagra Shiksha. The government has announced ₹ 37,453.47 crore for the country’s biggest school education scheme.

The government plans to spend ₹ 11,600 crore under Pradhan Mantri Poshan Shakti Nirman (PM POSHAN). PM Poshan is a replacement of the mid-day meal scheme.

In the Higher Education budget , centre has allocated ₹ 1,554 crore for PM Uchchatar Shiksha Protsahan (PM-USP) Yojna and ₹ 400 crore for PM Research Fellowship.

For Digital India e-learning, the government has allocated ₹ 420 crore, just 5 crore more than revised estimates of 2022-23.

The total expenditure budget for Research and Innovation is ₹ 210.61 crore.

Statutory bodies University Grants Commission (UGC) and All India Council for Technical Education (AICTE) have been allocated ₹ 5,360 crore and ₹ 420 crore, respectively.

Support to Indian Institutes of Technology (IITs) is at ₹ 9,661.50 crore and support to NITs and IIEST is at ₹ 4,620 crore.

Content Producer at Hindustan Times Digital. Writes on Education and Careers. When not working, he is most likely watching a game of football or cooking a new recipe. ...view detail

Budget 2023

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