Education Budget 2020: Finance Minister Nirmala Sitharaman presented education and skill development focused budget

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Education Budget 2020 Many important announcements related to education were made. Let’s have a look at the proposals for education and employment in Budget 2020-21.

Education Budget 2020 : Union Finance Minister, Nirmala Sitharaman today presented the Union Budget 2020-21 of the country on 1 February 2020. In his speech, the Finance Minister described the budget as focusing on three key principles – Esperational India, Economic Development and Caring Society. The Finance Minister said in his speech that last year with ‘Study in India’ there was a focus on higher education. The Union Budget 2020 focuses on education and skill development this year, focusing on unemployment concerns and greater need to provide employment to youth.

In his speech, the Finance Minister made several important announcements related to the field of education. Let’s look at the important proposals related to education and employment in the Union Budget 2020-21: –

  • By 2030, India will be the world’s largest ‘working age’ population. Therefore, the importance of improving education and imparting skills to its youth is being given.
  • A total expenditure of 99300 crores was proposed for the education sector and an additional 3000 crores was allocated for skill development.
  • National education policy will be implemented soon. The government has received more than 2 lakh suggestions for this, which will be included in the policy.
  • FDI will be encouraged to promote finance in the field of education.
  • Common Eligibility Test (CET) will be conducted for non-gazetted government jobs.
  • Urban local bodies will provide internship to engineers for 1 year.
  • To provide quality education to the underprivileged, degree level online education will be imparted.
  • A National Police University and a National University of Forensic Sciences were proposed.
  • Assistance will be made in setting up medical colleges in district hospitals for the states.
  • There is a huge demand abroad for teachers, nurses, paramedical staff and caregivers. The government proposes bridge courses according to skill requirements in jobs so that they can be tailored to the job requirements.
  • There is a shortage of qualified medical doctors for both general practitioners and specialists, so a medical college will be attached to every district hospital in PPP mode.
  • Degree level online education program will be launched by the top 100 NIRF ranking institutions for minority and disadvantaged youth.

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