Top 5 highlights from Union Budget 2024 for the Education sector

1. Three new schemes to boost employmentThese initiatives include wage subsidies for new employees, financial aid for students through education loans, and stipends for internships

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2. Rs 1.48 lakh crore for education, employment and skilling

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3. Education loans Sitharaman announced a significant policy to support higher education. She stated, “Education loans up to Rs 10 lakh will be available for students pursuing higher education in domestic institutions.”

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4. New medical colleges Finance Minister announced that new medical colleges would be established in Bihar. Additionally, the government plans to set up working women hostels to promote women’s participation in the workforce.

5. Internship opportunities for 1 crore youth Internships for 1 crore youth will be facilitated in top companies over the next five years announced.

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