The Interim Union Budget 2024 has brought about significant changes in various sectors, and one area that has received considerable attention is the Department of Higher Education. With a budget allocation of INR 47,619 Crore in the fiscal year 2024-25, the government has shown its commitment to promoting and enhancing the quality of higher education in the country.
One of the key initiatives that has been highlighted in the budget is the Skill India Mission. This mission has played a crucial role in training over 1.4 Crore youth, equipping them with the necessary skills to succeed in today’s competitive job market. As part of this mission, over 3000 new Industrial Training Institutes (ITIs) have been established, providing vocational training to millions of young individuals across the country. The government has also focused on upskilling over 54 lakh youth, ensuring that they are equipped with the latest knowledge and expertise in their respective fields.
In addition to the Skill India Mission, the Interim Budget 2024 has also emphasized the importance of higher education institutions. This year, seven new Indian Institutes of Technology (IITs) and sixteen Indian Institutes of Information Technology (IIITs) have been established, further expanding the network of prestigious institutions in the country. The budget allocation for IITs has seen a significant increase, rising from INR 9,661 Crore to INR 10,324.50 Crore. This boost in funding will enable IITs to enhance their infrastructure, attract top talent, and continue to deliver world-class education.
Furthermore, the budget outlay for the Indian Institute of Science, Education, and Research (IISERs) has also witnessed a notable rise. With an allocation of INR 918.27 Crore in 2024-25, the government has recognized the importance of promoting scientific research and fostering innovation in the country. This increased funding will enable IISERs to undertake cutting-edge research, attract renowned faculty members, and provide students with state-of-the-art facilities.
The Interim Union Budget 2024 also emphasizes the significance of school education. If you are interested in learning more about the budget allocation for school education, I encourage you to refer to the official document titled “Interim Union Budget 2024 for School Education.” This document will provide you with detailed information on the government’s plans and initiatives to improve the quality of education at the school level.
In conclusion, the Department of Higher Education has received a substantial budget allocation in the Interim Union Budget 2024, highlighting the government’s commitment to promoting excellence in higher education. The Skill India Mission, establishment of new IITs and IIITs, and increased funding for IITs and IISERs are all significant steps towards creating a robust education system that prepares students for the challenges of the future. By investing in education, the government is not only empowering individuals but also laying the foundation for a prosperous and knowledgeable nation.