Union Budget 2021 allocation
Published by : Step in college
Union Budget 2021 allocates 93,224 crores for the Education sector
In the Budget released for 2021-22, Education received 93,224 crore, which is 8100 crores more than the previous financial year budget allocation.
Budget 2021-22 for Education sector
The Ministry of Education has been approved 93,224.31 crore in the 2021-22 budget. There has been an increase of more than 8,100 crores from the expected expenses for the current financial year.
The Ministry was initially allocated 99,311,52 crore for the 2020-21 fiscal year, which was subsequently modified to 85,089,07 crore as the Coronavirus pandemic hit the country and schools were declared shut down to prevent the spread of the disease.
Union Budget 2021 Allocation for School Education
As per the union budget declared on Monday, the Department of School Education obtained 54,873.66 crore against 59,845 crore allocated in the last budget, a decrease of 4971.34 crore. The Ministry's school education scheme Samagra Shiksha Abhiyan saw its allocation reduced to 31,050.16 crore from 38,750.50 crore in the current financial year.
Funds for the National Scheme of Reward to Girls for Secondary Education have been slashed to just 1 crore from 110 crore in the current financial year.
Union Budget 2021 Allocation to Kendriya Vidyalayas and Navodaya Vidyalayas
The funding for the Kendriya Vidyalayas have been raised from 5.516 crore to 6.800 crore. The budget allocation for Navodaya Vidyalayas has also been raised by 500 crore. An amount of 3,300 crore was assigned to Navodaya Vidyalayas this financial year, which has been increased to 3,800 crore for the upcoming year.
The mid-day meal scheme have seen a raise of 500 crore as the overall allocation was increased to 11,500 crore from 11,000 crore in 2020-21.
Union Budget 2021 Allocation for Higher Educational Institutes
However, the Ministry of Higher Education, which got 39,466.52 crore in the last budget, was provided 38,350.65 crore for 2021-22, recording a decline of 1115.87 crore. The budget of the Higher Education Financing Agency (HEFA) has been slashed from 2200 crore to 1 crore. The distribution for world-class institutions has been raised from 500 crore to 1,710 crore. Similarly, the funding for scholarships to college and university students has been raised from 141 Crore to 207 Crore.