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Allocated to the Department of School Education and Literacy (DoSEL) of the Ministry of Education A provision of Rs 73,008.10 crore has been made for the financial year 2024-25 in the interim budget presented by Finance Minister Nirmala Sitharaman today. Education Budget 2024 Live Updates.
This is an increase of ₹ 4,203.25 crore compared to the budget allocation for 2023-24 when the school education department was allocated 68804.85 crores. The revised estimates show that it was further increased 72473.80 crore.
Not only DoSEL, but the budget of the higher education department also saw an increase. The outlay of the department for the next financial year is increased from Rs 47619.77 crore 44094.62 allocated for the current financial year.
Overall the Ministry of Education has been allocated Above Rs 1,20,627.87 crore Rs 1,12,898.97 crore allocated for the financial year 2023-24.
School Education Budget: Key Features
a large part of An increase of Rs 4,203.25 crore in the school education budget was given to PM Schools for Rising India (PM SHRI), which it got. 6050 crores for FY 2024-25. In 2023-24, Rs 4000 was allocated for the centrally sponsored scheme, but notably, it got only Rs 2800 crore as per revised estimate.
Budgets of Kendriya Vidyalaya Sangathan or KVS ( 9302.67 crore), Navodaya Vidyalaya Samiti (NVS) ( 5800 crore) has been increased, while the amount for National Council of Educational Research and Training (NCERT) has been reduced. to Rs 510 crore 518.50 crores.
The country’s largest school education scheme is the budget for holistic education. a little more than 37500 crores 37453.47 allocated for 2023-24.
School Education Budget: 2023 vs 2024
| Schemes, Projects, Bodies, Institutions | Budget Allocation in FY 2023-24 (Int.) Ten million) | Budget Allocation in FY 2024-25 (Int.) Ten million) |
| National Means cum Merit Scholarship Scheme | 364 | 377 |
| Kendriya Vidyalaya Sangathan (KVS) | 8363.98 | 9302.67 |
| Navodaya Vidyalaya Samiti (NVS) | 5486.50 | 5800 |
| National Council of Educational Research and Training (NCERT) | 518.50 | 510 |
| holistic education | 37453.46 | 37453.47 |
| Pradhan Mantri Poshan Shakti Nirman (PM Poshan) | 11600 | 12467.39 |
| PM School for Emerging India (PM Shree) | 4000 | 6050 |
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