Budget 2024: What does the education sector need to achieve Developed India goals?

What do experts expect from the interim budget for the education sector:

Viksite Bharat

Dr. Dhruv Galgotia, CEO, Galgotias University, said he is eagerly looking forward to a budget that will not only give priority to education but will also strike a seamless chord with the ambitious Developed India vision. Galgotias further expressed the critical need for a budget that integrates AI and technology in education.

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Ujjwal Singh, CEO, Infinity Learn, said, “The responsibility of a developed India 2047 lies on the shoulders of our youth in India… Bridging the digital divide is imperative, and we propose to strengthen the digital backbone of educational institutions across the country .Our petition garners substantial support to make education accessible and inclusive to all.”

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He said, “In line with our mission to reduce the educational gap, we seek tax exemptions and reduction in GST rates. Additionally, low and concessional interest rates on educational loans to promote optimal growth and development within the education sector.” are important.”

online higher education

According to Siddharth Banerjee, CEO of UNIVO Education, given the importance of online education, the government will definitely encourage lower and concessional interest rates on educational loans as well as relevant tax exemptions and lower GST rates to bridge the skill gap. Will consider. “Online higher education in India caters to all socio-economic strata, metros and tier 2-3-4 cities and we look forward to continued support from the government,” he said.

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NEP 2020

Rajendra S Pawar, Chairman and Co-Founder, NIIT Group, said, “I am looking forward to the upcoming Budget with the hope that it will be in line with the National Education Policy 2020. There will be a substantial increase in the budgetary allocation for education from 2.9% to 6%. The increase has been made.” GDP policy is critical to delivering its full potential and achieving national objectives on the path to global leadership.”

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midday meal scheme

Madhu Pandit Dasa, president of Akshaya Patra Foundation, said, “We suggest further increase in the mid-day meal program in the upcoming budget. Children will greatly benefit from expanding the meal plan to include breakfast in addition to the current lunch, giving them the energy and nutrition they need to start their day. Additionally, the scope of the program is being expanded to cover higher grades, especially Class 9 and 10 students.”

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Madhu Pandit Dasa further said, “We recommend that the government should facilitate the availability of millets at subsidized rates through the Food Corporation of India.”

The education sector received the highest allocation ever in the financial year 2023-24. 1.12 lakh crore against the budget allocation for the financial year 2022-23. 1.04 lakh crore. Budget for financial year 2023-24 included Allocation of Rs 68,804 crore for school education, Allocation of Rs 44,094.62 crore for higher education and 37,453 crore allocation for the Samagra Shiksha Abhiyan.

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Published: Jan 31, 2024, 03:35 PM IST