Budget 2023 Live: Education Ministry gets ₹1.12 lakh crore
Budget 2023 Live: Education Budget 2023 -24
Education Budget 2023 Live Updates: Union Finance Minister Nirmala Sitharaman presented the Union Budget in Parliament today. See the most important announcements in the field of education and career:
Education Budget 2023 Live Updates: Finance Minister Nirmala Sitharaman on February 1 supplied the Union Budget 2023-24 withinside the parliament. As consistent with finances documents, cetre`s allocation for the Ministry of Education for the following economic 12 months is ₹1,12,898.97 crore.
Notably, that is the best allocation granted to the ministry ever.
School Education Department’s outlay stands at ₹68,804.85 crore, even as the Higher Education Department has been allocated ₹44,094.62 crore.
The Education Ministry became allotted 1,04,277.72 crore for the 2022-23 monetary 12 months withinside the expenditure price range. The revised estimates display the Higher Education Department got ₹40828.35. School Education Department got ₹559052.78 as in step with the revised estimates of 2022-23.
Key Features
Education and Skilling
- Revamped Teacher's training via District Institutes of Education and Training
- National Digital Library to be set up for children and adolescents
- Sates will be encouraged to set up physical libraries at Panchayat and ward levels
The Union Budget for 2023 was presented in Parliament today by Finance Minister Nirmala Sitharaman. The education sector has been allocated a record amount of Rs 1.12 lakh crore, the highest ever in the history of India. This is a welcome move by the government, as education is the foundation of any society and needs to be given due importance.
This is a significant increase from the previous budget, and will go a long way in improving the quality of education in India. With this kind of financial support, various educational institutions will be able to upgrade their infrastructure and facilities, hire more qualified teachers, and offer better quality education to students.
Overall, the budget allocation for education is a positive step by the government and will go a long way in improving the state of education in India.