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.
I am happy to note that the Union Budget 2024-25 has rightly recognized the focus on India’s Youth as the route for economic growth. With a median age of around 28 years, India has one of the youngest populations in the world. To harness the potential of our youthful population the Finance Minister has made provision for Skill Development, education, Entrepreneurship, innovation and employment generation.
The proposal to provide Rs. 1.48 lakh crore for education, employment and skill development is most welcome. Financial Support for loans up to Rs. 10 lakh to students aiming for higher education in domestic education is a good move, especially from the point of view of stopping our youth from going out for higher education. Similarly, the scheme for skilling students, in collaboration with State Governments and the Private Sector will help in making them industry-ready. Another ambitious announcement is the proposal for providing internships for One crore youth, with a stipend of Rs. 5,000 and one-time assistance of Rs. 6,000. It is to be seen as to how the Finance Minister would ensure that the industry responds positively by allocating resources from their CSR funds.
The post appeared first on .
I am happy to note that the Union Budget 2024-25 has rightly recognized the focus on India’s Youth as the route for economic growth. With a median age of around 28 years, India has one of the youngest populations in the world. To harness the potential of our youthful population the Finance Minister has made provision for Skill Development, education, Entrepreneurship, innovation and employment generation.
The proposal to provide Rs. 1.48 lakh crore for education, employment and skill development is most welcome. Financial Support for loans up to Rs. 10 lakh to students aiming for higher education in domestic education is a good move, especially from the point of view of stopping our youth from going out for higher education. Similarly, the scheme for skilling students, in collaboration with State Governments and the Private Sector will help in making them industry-ready. Another ambitious announcement is the proposal for providing internships for One crore youth, with a stipend of Rs. 5,000 and one-time assistance of Rs. 6,000. It is to be seen as to how the Finance Minister would ensure that the industry responds positively by allocating resources from their CSR funds.
The post appeared first on .