Union Budget 2009: Education Initiatives
Union Budget 2009 opens up a whole lot of new avenues for expansion and development of the education sector in our country. Government of India has emphasized on development of higher education and the provisions made in the Budget reflect the same.
In comparision with the previous year, this Budget has seen an increase in the overall expenditure by Rs 2000 crore for the education sector. Out of the total Budget of Rs 36,400 crore allotted to the Human Resource Development (HRD) ministry, Rs 26,800 crore has been allocated for school education and Rs 9600 crore for higher education.
Impetus to Technical Education
The Budget provides an impetus to the technical education with Rs 2113 crore being allocated for expansion and infrastructure development of IITs' and NITs'. Out of this Rs 450 crore has been allotted for setting up of new IITs' and NITs'.
Also, a move to penetrate the reach of technical education across the lower economic strata of the society, govenment has waived off the interest accrued on educational loans during the course duration. This move is expected to benefit around 5 lakh students.
National Skill Development Mission
A Budget of Rs 495 crore has been allocated for setting up of new polytechnic institutes and upgrading the existing ones. Also Rs 827 crore has been allotted for opening of central universities in states that do not have any.
To provide computers and broadband connectivitiy for teachers and students, Rs 900 crore has been allotted to National Mission on Education through Information and Communication Technology (ICT).
Primary and secondary education
The Budget has allocated Rs 13,100 crore for Sarva Shiksha Abhiyan and Rs 8000 crore for the Mid-day Meal schemes will continue to promote primary education as a compulsory entity for one and all.
Rashtriya Madhyamik Shiksha has been allocated with Rs 1353 crore to feed the growing demand for secondary education. Another RS 350 crore has been allotted for setting up of 6000 model schools at a primary level.
Punjab University will get a face-lift
A special package of Rs 50 crore will ensure improved facilities at Punjab University.