Budget 2018 for education: Finance Minister Arun Jaitley today presented the annual financial statement for the year 2018-19 in the Parliament. While talking about the new initiatives launched for the education sector, FM listed a number of amendments that are being launched in the sector for the growth of youth in the country.
Budget 2018 for education: Finance Minister Arun Jaitley today presented the annual financial statement for the year 2018-19 in the Parliament. While talking about the new initiatives launched for the education sector, FM listed a number of amendments that are being launched in the sector for the growth of youth in the country. A new initiative known as ‘RISE’ was announced by the Finance Minister today. RISE stands for Revitalising of Infrastructure and Systems in Education. While talking about the same, FM Jaitley said the scheme known as RISE will be launched in the country with a total investment of Rs 1 lakh crore in the next four years.
“The government proposed to revitalise infrastructure, opening schools for Scheduled Tribe population as well as promoting programmes for teachers, in order to improve quality education for students,” said FM Arun Jaitley. The government has allotted a total expenditure of 1.35 lakh crore for health, education and social welfare.
The government budget for health, education and social security this year has increased from Rs 1.22 lakh crore in the current fiscal. The government has also increased the educational cess from 3 pct to 4 pct to collect additional Rs 11,000 cr, said PM Arun Jaitley.
The government is planning to increase the digital intensity in the education sector. Jaitley said that technology is the biggest driver in improving the quality of education. He added, “Technology will be the biggest driver in improving quality of education. We propose to increase the digital intensity in education and move gradually from blackboard to digital board.”
A new scheme to identify bright students pursuing B.Tech in premier engineering institutes, and providing them higher-education opportunities in IITs and IISc Bangalore. Here students will receive handsome fellowships, said FM Jaitley.
In addition to the above, the government by 2022, every block with more than 50% ST population and at least 20,000 tribal people will have an ‘Ekalavya’ school at par with Navodaya Vidyalaya.
In the field of medical education, the FM Arun Jaitley announced that the government is planning to set up 24 new government medical colleges in the country. FM Jaitley while presenting the Budget said that the new medical institutes will be set up by upgrading existing district hospitals, to ensure 1 medical college for every 3 parliamentary constituencies.