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Union Budget 2019: ₹93,848 allocated to education sector; ₹10,000 crore hike from last year estimate

While announcing the Union Budget 2019-20, Finance Minister Piyush Goyal emphasized improving the quality of education as part of the 10 dimensions of vision 2030, “On the social infrastructure side, every family will have a roof on its head and will live in a healthy, clean and wholesome environment. We will also build quality, a science-oriented educational system with Institutes of Excellence providing leadership at the top,” he said.

He also mentioned Artificial Intelligence, he said. “Nine priority areas have been identified. A National Artificial Intelligence portal will also be developed soon,” he said. There was no announcement for allocation of budget for that.

He adds that the government has allocated ₹93,848 crore for the education sector, which is 3% of the total budget estimated. It has been a ₹10,000 crore hike from the allocated budget to the education sector last year. Last year, the allocation was ₹83,626, out of which the expenditure was only ₹80,215. The allocation for Higher Education Financing Agency (HEFA) has been reduced from Rs 2,750 crore last year to Rs 2,100 crore this year. The actual expenditure by HEFA last year was just  Rs 250 crore.

For the consideration, Here’s the list of all the schemes and announcements NDA Govt. made from 2014-19.

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