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 2024 Union Budget represents a transformative moment for the education sector in India. I am deeply encouraged by the government’s allocation of Rs 1.48 lakh crore towards education, employment, and skilling. This significant investment stands as a testament to our collective commitment, as a nation, to reshaping the future of education.
Building on the increased funding from the 2023-24 Budget, which focused on enhancing facilities, digital resources, and rural education, the current budget shifts focus towards improving educational infrastructure, creating job opportunities, and advancing skill development. Notably, funding for the PM SHRI initiative, aimed at transforming government schools into model institutions, has surged from Rs 2,800 crore to Rs 6,050 crore, reflecting a substantial increase of Rs 3,250 crore. This enhanced funding will ensure that every student has access to high-quality resources and opportunities.
Additionally, the government’s support for skill development initiatives, including the ambitious plans to impact 4.1 crore youth over the next five years, underscores a dedication to preparing a future-ready workforce. This will play a crucial role in creating a well-rounded educational experience and equipping students with the tools they need to succeed in an evolving global landscape. We at VIBGYOR Group of Schools are excited to be part of this transformative journey and look forward to contributing to these impactful changes.“
