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Budget 2012: 18% hike in budgetary allocation for education

Friday, 16 March 2012 - 9:08pm IST | Place: New Delhi | Agency: PTI

Rs15458 crore has been earmarked for higher education while school education has received Rs45969 crore.

 The education sector today got a hike of about 18% in the budgetary allocation for the next fiscal with a plan outlay of 61,427 crore in which 22% increase has been announced for the Sarva Siksha Abhiyan.

 Rs15458 crore has been earmarked for higher education while school education has received Rs45969 crore.

 Hailing the Budget as a "road to empowerment", HRD Minister Kapil Sibal said "in a difficult year like this, it is commendable that the Finance Minister has continued to invest in education".

 The Finance Minister also announced a 29% increase for the Rashtriya Madhyamik Shiksha Abhiyan (RMSA).

 Both the RMSA and SSA programmes are aimed at increasing enrolment levels in schools.

 The budget for Department of school education and literacy has seen a hike of nearly 18% to Rs45,969 crore from Rs38,957 crore.

 The Finance Minister also announced 11937 crore for the flagship mid day meal programme in schools, a rise of about 11% from last year’s outlay of Rs10380 crore.

 In an indication of the government's enhanced focus for the education sector for the 12th Plan Period, the Finance Minister also announced 6000 model schools which would be set up at the block level to benchmark excellence. Of these, 2500 will be set up under PPP mode.

 Focusing on the skill development issue, the Finance Minister proposed to set up a separate credit guarantee fund to improve flow of institutional credit for skill development.

 He also announced an allocation of Rs1000 crore to the National Skill Development Fund to give further push to the initiatives of the National Skill Development Corporation (NSDC) which has approved 26 new skill development projects.

 The NSDC partneRshave opened 496 permanent and 2429 skill mobile centres in 220 districts across 24 states. More than 89,500 persons have been trained and almost 80% employed, he said.

 He said a new scheme titled "himayat" introduced in Jammu and Kashmir last year aims to provide skill training to one lakh youth in the next five yeaRsand the entire cost of this programme is being borne by the government.

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