Budget 2021-22: Education Sector

March 26, 2021

Budget 2021-22: Education Sector

The Budget for the year 2021-22 has been released, The Ministry of Education has been allotted Rs 93,224.31 crore in the 2021-22 Budget, which is an increase of more than Rs 8,100 crore from the updated estimates for the current fiscal. Let us have a survey of the designated capital.

According to the union budget, the Department of School Education has received Rs 54,873.66 crore as against Rs 59,845 crore allotted in the last Budget, which is a drop of Rs 4971.34 crore. The budget allocation to Kendriya Vidyalayas and Navodaya Vidyalayas however, has been raised from Rs 5,516 crore to Rs 6,800 crore, and Rs 3,300 crore to Rs 3,800 crore respectively for the forthcoming fiscal.

The budget for the ministry’s school education scheme Samagra Shiksha Abhiyan also reduced to Rs 31,050.16 crore from 38,750.50 crores in the prevailing fiscal.

Funds for the National Scheme for Incentive to Girls for Secondary Education have been reduced to just Rs 1 crore from Rs 110 crore in the current fiscal. The budget for the Higher Education Financing Agency (HEFA) has also been lessened from Rs 2200 crore to Rs 1 crore. 

The allocation for world-class universities has been increased from Rs 500 crore to Rs 1,710 crore. Likewise, the capital for scholarships for college/university students has been progressed from Rs 141 crore to Rs 207 crore. However, the Department of Higher Education, registering a decline of Rs 1115.87 crore. The allocated Budget for 2021-22 is Rs 38350.65 crore which for last year was Rs 39,466.52 crore.

The mid-day meal plan also saw an increase of Rs 500 crore as the entire allocation has been hiked to Rs 11,500 crore from Rs 11,000 in 2020-21.

By Usha Saha

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