Education Budget 2023 Highlights: National Digital Library, New Nursing Colleges And More
Education Budget 2023 Live Updates: Check the latest and live updates on Budget 2023, Education Budget 2023, and more.
The government has allocated ₹1,12,898.97 crore to the Ministry of Education for the 2023-24 Financial Year. ₹44,094.62 crore is allocated for Higher Education Budget for 2023-24, a significant increase from ₹40828.35 in revised estimates of 2022-23. While, School Education budget for 2023-24 is ₹68,804.85, which is ₹9,752.07 crore more than the revised estimate for FY 2022-23.
Finance Minister Nirmala Sitharaman announced that three centres of excellence will be created to boost Artificial Intelligence (AI) in India. The centres will be established in top Indian institutions to ensure that we make AI in India and make AI work for India.
Union Finance minister Nirmala Sitaraman on Wednesday in the budget speech said that the centre will support the Indian Institute of Millets Research (IIMR), Hyderabad as a Center of Excellence.
Teachers’ training will be re-envisioned through innovative pedagogy, curriculum transaction, continuous professional development, dipstick surveys, and ICT implementation. The District Institutes of Education and Training will be developed as vibrant institutes of excellence for this purpose.
Dedicated multidisciplinary courses for medical devices will be supported in existing institutions to ensure the availability of skilled manpower for futuristic medical technologies, high-end manufacturing and research.
Facilities in select ICMR Labs will be made available for research by public and private medical college faculty and private sector R&D teams for encouraging collaborative research and innovation.
- The centre will recruit 38,800 teachers and support staff for EkLavya Schools and support staff for the 740 Ekalavya schools serving 3.5 lakh tribal students.
- A National Digital Library for children and adolescents will be set up for facilitating the availability of quality books across geographies, languages, genres and levels and device-agnostic accessibility.
- 157 new nursing colleges will be established in colocation with the existing 157 medical colleges established since 2014.
- National Book Trust and Children's Book Trust will provide books in local languages and English to the physical libraries.
- A research and development grant will be provided to one of the IITs for the development of Lab-grown diamonds.
Government to provide R&D grant to one of the IITs to encourage indigenous production of lab-grown diamonds in a bid to reduce imports, says Finance Minister.
To skill the youth for international opportunities, 30 Skill India International Centres will be set up across different States.
Finance Minister Nirmala Sitharaman said that 100 labs for 5G will be set up in engineering institutes.
The capital investment outlay will be increased by 33 per cent to Rs 10 lakh crores will take the capex budget ratio to 3.3 per cent of the total GDP.
50-year interest free loan to states willl continue.
PM Aawaas Yojana outlay increased by 66 per cent to Rs 79,000 crore.
National Book Trust and Children's Book Trust will provide books in local languages and English to the physical libraries.
In the next 3 years, the centre will recruit 38,800 teachers and support staff for EkLavya Schools and support staff for the 740 Ekalavya schools serving 3.5 lakh tribal students, says Finance Minister Nirmala Sitharaman.
A National Digital Library for children and adolescents will be set up for facilitating the availability of quality books across geographies, languages, genres and levels and device-agnostic accessibility. States will be encouraged to set up physical libraries, says Finance Minister Nirmala Sitharaman.
Finance Minister Nirmala Sitharaman announced that 157 new nursing colleges will be established in colocation with the existing 157 medical colleges established since 2014.
According to Roopali Mehra, the founder of Mytransform, an AI-based digital platform for career awareness in youth, the government's focus on career awareness should reflect in the Union Budget 2023.
"Education allocation in Union Budgets have conventionally steered towards brick and mortar set-ups designed to impact classroom learning and teaching. In the NEP year, given the strong focus of digital to drive both reach and equity, Govt. must focus on career awareness to drive employability. About 50% of India’s population is below 25 years and for this segment to make India a talent powerhouse, it must have the right tools for informed career decision-making and engagement. Provisioning such tools, albeit with a public-private partnership model, within an institution will enable informed decision-making skills in youth. We look forward to a budget outlay that focuses on building a career-ready generation along with strong education/skill credentials," she said.
Presenting the Union Budget 2023, FM Nirmala Sitharaman said, “During the COVID pandemic, we ensured that nobody goes to bed hungry with a scheme to supply free foodgrains to over 80 crore persons for 28 months.”
Finance Minister Nirmala Sitharaman begins union budget speech.
Check the last three years' higher education budget allocation below:
2020-21: Rs 39,466.52 crore
2021-22: Rs 38,350.65 crore
2022-23: Rs. 40,828.35 crore
The allocation for the major schemes in the past few years are given below:
| School Schemes / Institutions | 2020-21 (In Rs. Cr) | 2021-22 (In Rs. Cr) | 2022-23 (In Rs. Cr) |
| Samagra Shiksha Abhiyan | 38,750.50 | 31,050.16 | 37,383.36 |
| Kendriya Vidyalaya Sangathan | 5,516.50 | 6,800 | 7,650 |
| Navodaya Vidyalaya Samiti | 3,300 | 3,800 | 4,115 |
| Teachers Training, Adult Education | 110 | 250 | 127 |
| National Means cum Merit scholarship | 110 | 1 | NIL |
Last year, the total education budget allocation for the two departments of the education ministry -school and higher education - was Rs 1,04,277.72 crore. It was Rs 40,828.35 crore for the Department of Higher Education and Rs 63,449.37 crore for School Education and Literacy.
Finance Minister Nirmala Sitharaman along with ministers of state Pankaj Chaudhary and Bhagwat Karad and Finance Secretary T V Somanathan met President Droupadi Murmu ahead of tabling of the Union budget 2023 in Parliament on Tuesday.
Union Finance Minister Nirmala Sitharaman will be presenting the Budget 2023 today in Parliament at 11 am. This year’s Budget holds significance as it is the last full budget of Modi government 2.0 before the 2024 Lok Sabha Elections.
Background
Education Budget 2023 Live Updates: Union Finance Minister Nirmala Sitharaman will be presenting the Budget 2023 today in Parliament. It is expected that the Budget 2023 will focus on boosting the country's economy which has been impacted by the Covid-19 pandemic. The government is likely to announce measures to spur growth, create jobs, increase investment in infrastructure and the healthcare sector, and support the agriculture and rural sector. Additionally, the government may also announce reforms in the Education sector.
Earlier, UGC Chairman Prof M Jagadesh Kumar told ABP Live that the government is set to introduce several reforms and these require huge investments. Pointing out that there was a 6 to 7 percent increase in the allocation last year, compared to the previous year, Prof Kumar said: “I would expect a similar trend to happen this year also and much of these funds will be used for infrastructural development, for creating a better digital backbone for our higher education.”
To meet the demands of the National Education Policy (NEP) 2020, it's recommended by industry specialists that the allocation of GDP for education should be 6% or more. Despite the NEP's recommendation of 6% of GDP for education, the sector has only received 3.1% of GDP as of 2022-23. The education budget allocation for the two departments of the education ministry -school and higher education - was Rs 1,04,277.72 crore, an 11.85% increase. Out of this, Rs 63,449.37 crore was given to the department of School Education and Literacy and Rs 40,810.34 crore was given to the Department of Higher Education.
On Tuesday, Union Finance Minister Nirmala Sitharaman tabled the Economic Survey (2022-23) in Parliament. The Economic Survey 2022-23 has forecast India’s GDP growth for the next fiscal 2023-24 in a broad range of 6-6.8 percent. Its baseline forecast for real GDP growth is 6.5 percent.
According to the Economic Survey 2022-23, the Indian economy is “staging a broad-based recovery across sectors”, positioning itself to “ascend to the pre-pandemic growth path in FY23.”
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