The budget has increased total allocation for the education sector by 20%t from INR 28,674 crore in 2007-08 to INR 34,400 crore in 2008-09.
In crore Rs
- Increased education allocation
- Employ more teachers Construct more schools Upgrade more institutes technically
The Budget Brings
- Total allocation for education sector including the NER region increased by 20%t to INR 34,400 crore from INR 28,674 crore.
- Provision of INR 13,100 crore to the Sarva Shiksha Abhiyan (SSA).
- INR 8,000 cr for National Programme of Mid-Day Meals in schools.
- INR 2,185 crore for the scheme of Universal Access and Quality at Secondary Stage (SUCCESS).
- Secondary education to be provided INR 4,554 crore.
- Shift in focus of SSA to enhancing retention, improve quality of learning and ensure access to upper primary class against access and infrastructure at the primary level.
- INR 650 crore allocated to A Model School Programme to establish 6,000 high quality model schools.
- INR 130 crore allocated for Jawahar Navodaya Vidyalayas to make them more accessible to SC/ STs.
- INR 80 crore for setting up new and upgrading existing hostels attached to Balika Vidyalayas.
- Earmark additional INR 750 crore to be allocated for National Means-cum-Merit Scholarship Scheme.
- INR 3,440 crore for University Grants Commission – includes an allocation of INR 875 crore for implementation of the recommendations of Oversight Committee.
- INR 3,205 crore for Technical Education, including INR1647 crore for implementation of the recommendations of Oversight Committee.
- INR 502 crore for National Mission on Information and Communication Technology.
- Set up three IITs, two IISERs and two schools of Planning and Architecture.
- Allocation of INR 100 crore to the Ministry of Information and Technology to establish the National Knowledge Network.
- 16 central universities in each of the hitherto uncovered states; three IITs in Andhra Pradesh, Bihar and Rajasthan; two IISERs at Bhopal and Tiruvananthapuram; and two schools of planning and architecture at Bhopal and Vijayawada: INR 5 crore grant provided to Deccan College and Postgraduate and Research Institute, Pune.
- Upgradation of 500 ITIs: The implementation of the scheme of vocational training improvement with World Bank assistance.
- Upgrade 1,396 ITIs into centres of excellence in specific trades and skills under public-private partnership.
- Positive impact on players operating in the domestic sector.
- Benefit to players operating in the technical upgradation space for education.
- Focus on higher education along with primary education will lead to overall economic growth and development.
- Companies like NIIT, Aptech, Everonn will benefit. Companies involved in education infrastructure like Educomp and Navneet Publications expected to benefit.
- In the long-term, technology companies will benefit.
- More skilled labour available for KPOs and tech companies going forward. Higher education and thus incomes is also good for the retail sector.