budget

Budget for Education Increasing Every Year in Absolute Terms

Budget Provided by Centre Through MHRD for Education Increasing Every Year in Absolute Terms: MHRD

With reference to a news thing in media wherein it is referenced that allocation to education is diminishing after some time, the Ministry of Human Resource Development (MHRD) on Monday said that the budget gave by the Center through MHRD and different Departments or Ministries for education and by the States or the Union Territories for education in both absolute terms and as percentage of GDP is increasing each year.

As indicated by MHRD’s official release, the report makes reference to the allocation to education under MHRD (School Education and Literacy and Higher Education Departments) as it were. While reserves are dispensed for education under the budget of different departments too. What’s more, the budget for education under States or UTs budgets are likewise provisioned.

“The budget gave by the Center through MHRD and different Departments or Ministries for education and by the States or UTs for education in both absolute terms and as a percentage of GDP is increasing each year,” said MHRD

“It is likewise referenced that Government of India has set up the Higher Education Financing Agency in 2017 to fund infrastructure development in Kendriya Vidyalaya, Navodayas, AIIMS, other than Higher Education Institutions. During 2017-18, Rs 2168.26 crore worth projects were affirmed under HEFA, and during 2018-19 Rs 29411.99 crore worth projects have been endorsed under HEFA,” the Ministry included.

MHRD further expressed that it is additionally off-base to state that the inside burns through 10 per cent while the States burn through 90 per cent on education. According to Analysis of Budgeted Expenditure on Education, 2017-18, the Center spends around 23 per cent while States or UTs burn through 77 per cent of its complete income expenditure on education.

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