Earlier today, Finance Minister Nirmala Sitharaman delivered the Union Budget 2022. The education budget focused primarily on digital education, the establishment of a digital university, employment creation, agricultural universities, and the skill development of programmers.
The budget emphasizes closing schools and promoting digital education, including the development of a digital university and the expansion of PM e-vidya. The finance minister made an attempt to compensate for the losses of the previous two years during Covid-19
Increase In Education Budget-
The education budget allocation for the year was Rs 93,223 crores, a 6% drop from the previous year. However, it has been increased by approximately Rs 11,054 in the current fiscal year. As a result, teachers are overjoyed.
The finance minister has allocated Rs 63,449 crore to the department of school education and literacy for the next fiscal year, an increase of Rs 9,000 crore over the present fiscal year, and Rs 40,828 crore to the higher education department, an increase of 6.6 percent over the current fiscal year.
Major Areas Of Allocation-
The Department of School Education and Literacy: would receive Rs 63,449.37 crore (Last year, it was Rs 54,873.66 crore while the revised estimate was Rs 51,969.95 crore)
The scheme has been granted Rs 51,052.37 crores in non-scheme funds. 12,397 crores of rupees
Department of Higher Education: Rs 40,810.34 crore in revenue and Rs 18.01 crore in the capital (Last year, it was Rs 38,350.65 crore while the revised estimate was Rs 36,031.57 crore)
The project has been awarded 7454.97 crores.
Rs. 33,373.38 crores in non-scheme funds
Schemes of major allocation-
The Samagra Shiksha Abhiyan, or National Education Mission, is India’s largest school education scheme. The Asian Development Bank has granted a USD 500 million loan to help fund the Samagra Shiksha Abhiyan and the creation of “exemplar schools.”
Budget allocation for 2022-23: Rs 37,383.36 crores
For fiscal years 2021-22, the budget allocation is Rs 31,050.16 crores.
The budget has set aside Rs 38,750.50 crores for 2
Exemplar Schools- A number of schools will be converted into “exemplar schools” in the years 2021-2022, according to Sitharaman’s Budget 2021.
The budget for the fiscal year 2022-23 is Rs 1,800 crores.
Teacher Education, Adult Education: The budget for 2022-23 includes 127 crores.
The budget for 2021-22 includes Rs 250 crores.
The budget for 2020-21 allocates Rs 110 crores.
Padhna Likhna Abhiyaan: This is another adult education program that focuses on basic literacy, but it received no funding this fiscal year, despite the fact that the Teachers Training, Adult Education division was significantly underfunded.
Nil in the budget for 2022-23.
Rs 250 crores allocated in the budget for 2021-22.
National Means Cum Merit Scholarship:
350 crores allocated in the budget for 2022-23
350 crores allocated in the budget for 2021-22.
Rs 373 crores is the budget allotment for 2020-21.
National Scheme for Girls’ Incentive: This is a scholarship incentive program for girls from Schedule Tribes and rural areas. After a significant drop last year, this scholarship received no funding at all this year.
Nil in the budget for 2022-23. 1 crore rupees allocated in the budget for 2021-22. Rs 110 crores have been set out in the budget for 2020-21.
Kendriya Vidyalaya Sangathan: This year, KVS’ education budget has been enhanced. Over the last few years, it has been steadily rising.
Budget allocation for the fiscal year 2022-23: Rs 7,650 crores Rs 6,800 crores in the budget for 2021-22. Rs 5,516.50 crores has been set up in the budget for 2020-21.
STARS (Strengthening Teaching-Learning and State Results): This new project, which involves a World Bank loan, will help the six states of Himachal Pradesh, Kerala, Rajasthan, Madhya Pradesh, Maharashtra, and Odisha.
According to the World Bank, STARS will enhance learning assessment systems, classroom instruction, and remediation, as well as facilitate school-to-work transitions.
Budgetary allocation for 2022-23: Rs 550 crores
The budget allocation for fiscal years 2021-22 is Rs 485 crores.
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