Key takeaways for students from Budget 2021
All students should need to know about your education from the union budget 2021-22, In this article we are providing you with some key takeaways for you from Union Budget 2021 for the education sector.
As you all know that our Finance Minister Smt Nirmala Sitharaman has presented the Union Budget 2021-22 post-COVID-19 pandemic in Parliament today (1st Feb 2021).
The Budget proposals for 2021-22 includes the six pillars mostly, these 6 domains are health and well-being, physical capital, financial capital & infrastructure, inclusive development of aspirational India, reinvigorating human capital, innovation and R&D, Minimum Govt & Maximum Governance.
The year 2020 has been one of the catastrophic years in terms of education, the COVID-19 pandemic forced the schools and colleges to shut down and brought online learning methods.
Last year, the government allocated a budget of Rs 99,300 crore solely for the education sector. Last year a New Education Policy (NEP) was introduced which aims at universalisation of education from preschool to secondary level. In this policy, the government announced that students will not be forced to study any particular language.
Also,
the ’10+2′ structure will be replaced with the ‘5+3+3+4’ model. The new National Education Policy introduced in the 2020 budget, proposes a 4-year multi-disciplinary bachelor’s degree in an undergraduate programme with multiple exit options. It means they allow students to make their own choice of whether they want a 1-year, 2-year-, 3-year or a 4-year course. These will include professional and vocational areas.
Again this year, Education Budget 2021 mostly Emphasis on NEP, International Research Collaboration and Higher Education Commission.
Education Budget 2021 mostly focused on effective implementation of The National Education Policy (NEP), International Research Collaboration and setting up of Higher Education Commission.
- FIVE MAJOR UPDATES FOR STUDENTS IN UNION BUDGET 2021
- National Education Policy to be effectively implemented in 15000 schools initially to work as a model for NEP Implementation across the country. These schools will mentor and work as a model for the NEP implementation across the country.
- New 100 Sainik schools in collaboration with private organizations and NGOs will be established
- A central university will be established in Leh Ladakh to make the higher education accessible in the same region
- Government to collaborate with UAE for skill development and deployment of successful course completion
- Government to collaborate with many countries in order to support research and development with knowledge and technology of other countries as well. The Finance minister announced a collaboration with Japan for the same
Our Hon’ble Education Minister Shri Ramesh Pokhriyal used Twitter to thank Finance Minister Smt Nirmala Sitharaman ji for the announcement of the budget to amend the Apprenticeship Act to improve apprenticeship opportunities for our youth.
Some Key Points of the Education Budget
- Setting up the Higher Education Commission in India
- The Government will try to set up a Higher Education Commission which is fully responsible for the accreditation and regular funding of the Colleges and Universities for better education in the country. Through this, Institutes will have better synergy.
- For making higher education accessible to the Ladakh region, a central university will be established in Leh.
- Development of Students under SC/ST categories
- Under Education Budget 2021, the government will set up 750 Ekalavya residential schools in the Tribal Areas.
- The fund allocated for the same is Rs. 20 crore and for Hilly areas, it is Rs. 48 crores.
- A total of Rs. 35219 crore is allocated for the welfare of SC students for 6 years till 2026.
- Skill Development under Education Budget 2021
- Realignment of apprenticeship for students from Diploma in Engineering gets an allocated fund of Rs. 3000 crore. The Government mentioned in the budget that they will make a collaboration with UAE for skill development and deployment after the successful completion of the courses.
- Research & Development
- Indian Government has taken a few innovative initiatives to maintain the research ecosystem in the country or education System by collaborating with many foreign countries.
- The Finance Minister announces the collaboration with Japan and other countries as well for the sharing of technology and knowledge
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