Advertisement

Budget 2019

Updated on: Wednesday, May 29, 2019, 02:53 AM IST

Budget 2019: Rs 93,847.64 crore for education sector

Advertisement

NEW DELHI: The Centre earmarked Rs 93,847.64 crore for the education sector for 2019-20, an increase of over 10 per cent from last budget allocation. While Rs 37,461.01 crore has been allocated for higher education, an amount of Rs 56,386.63 crore has been earmarked for school education. Last year, then finance minister Arun Jaitley had allocated Rs 85,010 crore for the education sector.

Presenting an interim budget for 2019-20 in Parliament, Union Minister for Finance and Corporate Affairs Piyush Goyal proposed the launch of a scheme named ‘Revitalising Infrastructure and Systems in Education (RISE) by 2022’ with a total investment of Rs 1 lakh crore in the next four years to step up investments in research and related infrastructure in premier educational institutions, including health institutions.

Click here for Live Updates, latest news and detailed analysis of Union Budget 2019

Advertisement

The government allocated Rs 608.87 crore for research and innovation, a massive increase from previous allocation of Rs 350.23 crore. Goyal also proposed the setting up of two new full-fledged ‘Schools of Planning and Architecture’ (SPA) to be selected on challenge mode.

Additionally, 18 new SPAs would be established in the IITs and NITs as autonomous schools, also on challenge mode, he said. “The proposal for setting up SPAs have been appraised by the Expenditure Finance Committee. Directors of IITs/NITs and Chief Secretaries of States/UTs have been requested to submit proposals,” the minister said.

(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Advertisement
Published on: Saturday, February 02, 2019, 09:54 AM IST
Advertisement