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 2024-25 marks a significant stride towards fostering higher education, job skills, and employment opportunities in our nation. The government’s commendable initiative to enhance the Model Skill Loan Scheme, benefiting 25,000 students annually, will alleviate financial concerns and enable our aspiring youth to pursue their ambitions unhindered by financial constraints. Furthermore, the promotion of internships in 500 leading companies, accompanied by an internship allowance of ₹5,000 and a one-time assistance of ₹6,000, underlines the government’s commitment to providing practical exposure and experiential learning opportunities to our students. The allocation of ₹1.48 lakh crore towards education, employment, and skilling exemplifies the government’s resolute dedication to fostering a knowledge-driven economy. This substantial investment will equip our youth with the necessary skills to thrive in an ever-evolving and competitive world.
