Please wait...
Contact Us
Need assistance? Contact us on below numbers

For Study plan details

10:00 AM to 7:00 PM IST all days.

For Franchisee Enquiry



Thanks, You will receive a call shortly.
Customer Support

You are very important to us

For any content/service related issues please contact on this number


Mon to Sat - 10 AM to 7 PM

Budget 2014: What Does it Have in Store for the Education Sector?

Business and Economy

Budget 2014: What Does it Have in Store for the Education Sector?

Budget 2014

By Admin 10th Jul, 2014 07:16 pm

Arun Jaitley, the Finance Minister of India, announced the Budget for the financial year 2014–2015, today, July 10, 2014. Addressing growing concerns over the economic slowdown, growth in every sector is the clear agenda of this budget. In the new budget, Jaitley has proposed a gamut of initiatives and substantial investments to facilitate growth in the education sector in a holistic manner. Let’s see what he has charted out and what it means for this sector.



1. The Government has proposed to set up five IITs in J&K, Chhattisgarh, Goa, AP and Kerala. It also plans for five IIMs in HP, Punjab, Bihar, Odisha and Maharashtra. It also proposes to set up a National Centre for Excellence in Humanities in Madhya Pradesh. Rs 500 crore has been set aside for this.


2. Rs 100 crore has been allocated for Centres of Excellence for farming in Assam and Jharkhand.


3. A sum of Rs 28,635 crore has been allotted for Sarva Shiksha Abhiyan and Rs 4,966 crore for Rashtriya Madhyamik Shiksha Abhiyan. Rs 30 crore has been allotted for a School Assessment Programme.


4. The Government will set up a National Sports Academy in different parts of the country. A Sports University will come up in Manipur. Sports Academies are proposed for Junior and Sub-Junior levels for Shooting, Boxing, Archery, Wrestling, Weightlifting, Track and Field events.


5. Six new AIIMS have already been set up and are functional. Rs 500 crore has been allocated to set up four more AIIMS, which are under consideration. An AIIMS will be created in every state. Two National Institutes of Ageing, AIIMS, New Delhi, and National Medical College, Chennai, will also be set up.


6. 12 more medical colleges have been proposed to be set up; these will also have dental facilities. 58 Government medical colleges have already been approved.


7. The Government has proposed that the school curriculum must have a separate chapter on gender mainstreaming.


8. The Government is setting aside Rs 500 crore for Pandit Madan Mohan Malviya New Teachers Training Programme.


9. Lok Nayak National Centre for Higher Education will be established.


10. Rs 100 crore allocated for ‘Beti Padhao, Beti Badhao Yojana’ to empower women. There will also be toilets and drinking water in all girl schools.


11. Proposal to establish national level institutes for Universal Inclusive Design and Mental Health Rehabilitation and also a Centre for Disability Sports.


12. Rs 100 crore allocated for setting up virtual classrooms as Communication Linked Interface for Cultivating Knowledge (CLICK) and online courses have been proposed.


13. Five technical research centres to be strengthened through PPP for nanotechnology.


14. Andhra Pradesh and Rajasthan will have Agriculture Universities set up, while Haryana and Telangana will see the establishment of a Horticulture University.


15. Hastkala Academy will be setup in Delhi for handloom and handicrafts.


16. Rs 200 crore set aside for 6 more textile clusters in Bareilly, Lucknow, Surat, Bhagalpur and Tamil Nadu.


17. Bio-tech clusters in Faridabad and Bengaluru will be scaled up.


18. National Academy for Himalayan Studies will be set up in Uttarakhand.


19. Film & Television Institute, Pune, and Satyajit Ray Film & Television Institute, Kolkata, are proposed to be accorded the status of institutes of national importance, and a National Centre for Excellence in Animation, Gaming and Special Effects will be set up.


20. Norms to aid education loans for higher studies will be simplified. Norms for education loans for higher studies will also be made easier.


21. Education cess will continue at 3%.


22. The National Rural Internet and Technology Mission for services in villages and schools for training in IT skills has been proposed.


23. A national multi-skill programme called Skill India will be launched to facilitate youth employability and entrepreneur skills.


24. Assistance will be provided to the State Governments to establish fifteen new Braille Presses and modernise ten existing Braille Presses in the current financial year.


25. The Government will set up a National Academy for Customs & Excise to be established at Hindupur, Andhra Pradesh.


26. Employment exchanges will now become career centres, and information will be provided for job availability. A sum of Rs 100 crore has been set aside for this.


27. Rs 100 crore has been allocated for modernisation of madrasas.


28. The Government has also proposed Rs 100 crore for the Young Leader Programme.



-Esha Birnur

Chat with us on WhatsApp