March 2008

Budget 2008-09

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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

Budget Expectations

  • 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.

Impact

  • 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.

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