While presenting the interim budget on February 1, 2024, Finance Minister Nirmala Sitharaman had stated that, “In the full budget in July, our Government will present a detailed roadmap for our pursuit of ‘Viksit Bharat’.” If India does aim to become a developed country by 2047 as per Prime Minister Narendra Modi’s vision of Viksit Bharat, the Union Budget 2024 which will be presented on July 23 must prioritise the education of children, who are the future of the country. Read on to find out what experts from the education sector shared with us at Brainfeed about their expectations from the Union Budget 2024.
The Union Budget 2024 strengthens India’s educational growth with a new initiative offering E-vouchers for loans up to ₹10 lakh for higher education at domestic institutions. This plan will assist 1 lakh students annually, providing a 3% interest rate reduction and offering quality education to them. Additionally, the government is launching a program to offer internships at top companies to one crore young people over the next five years. Undoubtedly, these measures reflect the government’s dedication to enhancing education and job opportunities in India.