New Delhi, Feb 1 (GCCurrentAffairs) Finance Minister Nirmala Sitharaman on Saturday said the government has proposed Rs 99,300 cr in the Union Budget for 2020-2021 for the education sector and would soon announce the New Education Policy for which the Centre received over 2 lakh suggestions.
“Education sector needs greater finance to attract good teachers,” she said while presenting the Budget 2020-21 in Parliament here and added that external commercial borrowings (ECBs) and FDI will be leveraged to improve the education system.
The FM also added that new courses in 150 universities will be launched by 2026.
Ms Sitharaman announced that “Under the Study In India programme, IND-SAT exam in Asian and African nations will benchmark foreign candidates who receive scholarships to study in Indian higher educational centres.”
“The government has proposed online education to ensure education accessibility for everyone. Degree level full-fledged online education programme will be started by institutions ranked in top 100,”
The FM also announced Rs 3000 cr for Skill Development.
For Health sector, the government announced Rs 69000 cr.
She also added that proceeds from taxes on medical devices, would be used to support the vital health infrastructure.