The recently announced School Education Budget 2024 for the fiscal year 2024-25 has sparked considerable interest and discussions, particularly concerning the allocation for School Education.
With an outlay of massive ₹73,008.10 crore, there’s a marginal increase compared to the previous budget.
In this comprehensive blog post, we will delve into the key highlights, changes, and implications of the budget for School Education.
Understanding the Numbers of Department of School Education and Literacy
The School Education Department, under the Education Ministry’s Department of School Education and Literacy (DoSEL), has received ₹73,008.10 crore in the latest budget.
This reflects a noteworthy increase of ₹4,203.25 crore compared to the 2023-24 allocation of ₹68,804.85 crore.
Comparative Analysis
Analyzing the progression, the revised estimates for the previous fiscal year showed an additional increase to ₹72,473.80 crore.
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This signals a consistent effort to prioritize and enhance funding for School Education in the country.
Higher Education Department’s Boost
It’s not just School Education that has witnessed a boost in allocations; the Higher Education Department has also seen a positive trend.
The department’s budget for the upcoming financial year stands at ₹47,619.77 crore, a notable increase from the ₹44,094.62 crore allocated in the current fiscal year.
Overall Education Ministry Allocation
Looking at the broader picture, the Education Ministry as a whole has been allotted ₹1,20,627.87 crore for the 2024-25 fiscal year.
This marks an increase from the ₹1,12,898.97 crore allocated in the 2023-24 financial year, showcasing the government’s commitment to advancing the education sector.
Key Highlights in School Education Budget 2024
- PM Schools for Rising India (PM SHRI):
A significant portion of the increased budget is directed towards PM SHRI, which receives ₹6,050 crore for the 2024-25 fiscal year. This is a substantial rise from the ₹4,000 crore allocated in the previous year and indicates a strong emphasis on this centrally sponsored scheme. - Kendriya Vidyalaya Sangathan (KVS):
The budget for KVS sees a notable increase, reaching ₹9,302.67 crore, reflecting the government’s focus on strengthening central educational institutions. - Navodaya Vidyalaya Samiti (NVS):
Similar to KVS, NVS experiences a budgetary boost, now standing at ₹5,800 crore. This reinforces the government’s commitment to enhancing the quality of education in Navodaya Vidyalayas. - National Council of Educational Research and Training (NCERT):
However, the budget for NCERT witnesses a slight decrease, settling at ₹510 crore from ₹518.50 crore in the previous fiscal year. - Samagra Shiksha:
The budget for Samagra Shiksha, the country’s most extensive school education scheme, is set at ₹37,500 crore. Although slightly higher than the ₹37,453.47 crore allocated in 2023-24, it demonstrates a consistent commitment to comprehensive educational development.
Comparing 2023 vs. 2024 Budget
A quick glance at the budgetary allocations for various schemes, projects, bodies, and institutes provides insights into the government’s priorities.
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For instance, the National Means cum Merit Scholarship Scheme sees an increase from ₹364 crore to ₹377 crore, emphasizing the commitment to scholarship programs.
Conclusion
The Education Budget 2024 holds promise for the education sector, particularly in School Education. The increased allocations signify a commitment to providing quality education and fostering growth in various aspects of the education system.
The specific focus on key initiatives and schemes reflects a strategic approach towards holistic development.
As the education landscape continues to evolve, these budgetary decisions play a crucial role in shaping the future of the nation.
It is essential for stakeholders, educators, and the public to stay informed and engaged in discussions surrounding education budget allocations, as they directly impact the foundation of our society.
