Tuesday, March 1, 2011

Education gets 24 per cent hike in budget allocation

Key points

* Allocation of Rs 52,057 crore, with an increase of 24 per cent over the current year.

* 70 per cent of India will be of working age by 2025. In this context universalising access to secondary education, increasing percentage of our scholars in higher education and providing skills training is necessary

* Allocation for Right to Education was meanwhile hiked by 40 percent.

* A scheme for scholarship for SC and ST students in classes 9 and 10.

* Operational norms of Sarva Shiksha Abhiyaan have been revised. For 2011-12, Rs 21,000 crore has been allocated which is 40 per cent higher than Rs 15,000 crore allocated in Budget 2010-11.

* 26 new projects with a total funding of Rs.658 crore

* The Indian Institute of Technology, Kharagpur will get Rs 200 crore as a one-time grant.

* Rs 20 crore to the IIM, Kolkata for setting up a financial research and training laboratory

* Rs.200 crore for the Maulana Azad Education Foundation

* The Delhi School of Economics and Madras School of Economics have also been allotted Rs 10 crore each

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