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 Higher Education Plus about their expectations from the Union Budget 2024.
“The allocation of ₹2 lakh crore under Modi 3.0’s budget is a transformative step towards enhancing education, employment, and skilling opportunities in India. By offering financial support of up to ₹10 lakhs for higher education loans, the government directly aids 1 lakh students annually with interest subvention, thereby reducing financial burdens and promoting domestic institution enrolment. This initiative not only boosts accessibility but also ensures quality education remains within reach. Furthermore, the PM’s comprehensive package of five schemes aims to skill and employ 4.1 crore youth over five years, injecting vitality into the job market and fostering a skilled workforce. Such strategic investments are pivotal in nurturing a robust education sector and driving economic growth through empowered, skilled individuals”.
