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		<title>Major boost to education sector</title>
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		<pubDate>Tue, 02 Feb 2021 06:30:19 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Research and Education]]></category>
		<category><![CDATA[Budget]]></category>
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		<category><![CDATA[education]]></category>
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					<description><![CDATA[<p>Union Education Minister Shri Ramesh Pokhriyal ‘Nishank’ lauded the Union Budget 2021-22 and expressed his gratitude to Finance Minister Smt Nirmala Sitharaman for giving a major boost to education. Shri Pokhriyal highlighted that the Budget allocation for the National Apprenticeship Training Scheme (NATS), has been substantially increased from Rs. 175...</p>
<p>The post <a href="https://newsmantra.in/major-boost-to-education-sector/">Major boost to education sector</a> appeared first on <a href="https://newsmantra.in">newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu &amp; Kashmir, Trending news | News Mantra</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Union Education Minister Shri Ramesh Pokhriyal ‘Nishank’ lauded the Union Budget 2021-22 and expressed his gratitude to Finance Minister Smt Nirmala Sitharaman for giving a major boost to education.</p>
<p>Shri Pokhriyal highlighted that the Budget allocation for the National Apprenticeship Training Scheme (NATS), has been substantially increased from Rs. 175 Cr to Rs. 500 Cr in next FY 2021-22 for providing post-education apprenticeship, training of graduates and diploma holders in Engineering.He also said that an outlay of Rs. 50,000 Cr over next 5 years for National Research Foundation (NRF) will give a major boost to Innovation and R&amp;D.</p>
<p>The Minister said in a big boost to education sector allocation of KVS has increased by Rs 362.32 crore and allocation of NVS increased to Rs. 320 crore w.r.t. RE 2020-21. The budget allocation of NCERT increased to Rs.110.08 crore from RE 2020-21.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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<p>&nbsp;</p>
<p><strong><u>Highlights of Budget 2021-22 –</u></strong><strong><u>Department of Higher Education</u></strong></p>
<p>&nbsp;</p>
<p>1.   In this FY 2020-21, the BE was Rs. 39466.52 Cr, which has been rationalised to  <strong>Rs. 32900 Cr</strong>, due to Covid-19. BE for the next year 2021-22 has been kept at  <strong>Rs.  38350.65 Cr</strong>, which is more than <strong>5450.65 Cr</strong> more than the current year RE.</p>
<p>&nbsp;</p>
<p>2.   Out of the Total BE of Rs. 38350.65 Cr, <strong>Provisions for Establishment, Autonomous Bodies(ABs), and Schemes</strong> are as below:</p>
<p>(i)Establishment: Rs. 247.44 Cr</p>
<p>(ii)Autonomous Bodies(ABs): 29023.78 Cr</p>
<p>(iii)       Schemes Total: Rs. 9069.43 Cr</p>
<p>(a)Centrally Sponsored Schemes: Rs. 3000 Cr [RUSA]</p>
<p>(b)Central Sector Schemes: Rs. 6069.43 Cr</p>
<p>&nbsp;</p>
<p>3.   In our flagship scheme <strong>RashtriyaUchchatarShikshaAbhiyan (RUSA),</strong> a budget provision of <strong>Rs. 3000 Cr</strong> has been kept for the next FY 2021-22, in comparison to   <strong>Rs. 300 Cr</strong> in current year.</p>
<p>&nbsp;</p>
<p>4.   Budget allocation for the <strong>National Apprenticeship Training Scheme (NATS)</strong>, has been substantially increased from Rs. 175 Cr to <strong>Rs. 500 Cr</strong> in next FY 2021-22 for providing post-education apprenticeship, training of graduates and diploma holders in Engineering.</p>
<p>&nbsp;</p>
<p>5.   <strong>Some New Initiatives</strong> like- Opening of BhartiyaBhasa University &amp; Institute of Translation, Indian Knowledge System, Academic Bank of Credit, PM e-Vidya, Multidisciplinary Education and Research Improvement in Technical Education (MERITE) shall be implemented in line with the NEP recommendations, after approval of the competent authority. At present a Token Provision has been kept in the BE of FY 2021-22 for all the above initiatives.</p>
<p>&nbsp;</p>
<p><strong>Budget Announcements:</strong></p>
<p>&nbsp;</p>
<p>1.   <strong>Higher Education Commission of India (HECI)</strong> -an Umbrella Body, which will have 4 verticals- Accreditation, Standard Setting, Regulation, and Funding. Legislation for HECI will be introduced this year.</p>
<p>&nbsp;</p>
<p>2.   In 9 cities where there are number of institutions supported by the GoI (like- Hyderabad etc.) we will create a <strong>formal umbrella structure</strong>&#8211; for better synergy, while retaining their internal autonomy.</p>
<p>&nbsp;</p>
<p>3.   A new <strong>Central University(CU)</strong> will be set up in Leh.</p>
<p>&nbsp;</p>
<p>4.   We will realign the existing scheme of <strong>National Apprenticeship Training Scheme</strong> (NATS) for providing post-education apprenticeship, training of graduates and diploma holders in Engineering. Over Rs. 3,000 crores will be provided for this in next 5 years.</p>
<p>&nbsp;</p>
<p>5.   For promotion of <strong>Innovation and R&amp;D</strong>, an outlay of Rs. 50,000 Cr over next 5 years has been kept for National Research Foundation (NRF). Its major beneficiaries will be Higher Education Institutions including CFTIs like- IITs/IISc/IISERs/NITs etc.</p>
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<p><strong><u>Highlights of Budget 2021-22 – Department of School Education &amp; Literacy</u></strong></p>
<p>1.        Budget allocation for BE 2020-21 was Rs 59845 crore which was rationalized to Rs 52189.07 crore in RE 2020-21 post covid-19 situation. This has now increased to Rs 54873 crore in BE2021-22.</p>
<p>2.        There has been an overall increase of Rs. 2684.59 crore (5.14%) in Budget allocation of Department of School Education &amp; Literacy in BE 2021-22 from RE 2020-21.</p>
<p>3.        The overall Budget allocation in BE 2021-22 is Rs. 54873.66 crore out of which scheme allocation is 43648.66 crore and non-scheme allocation is Rs. 11225.00 crore. The scheme allocation has been increased by Rs 1895.08 crore and non-scheme allocation by Rs. 789.51 crore as compared to RE 2020-21.</p>
<p>4.        Budget allocation in the Flagship scheme of SamagraShikhsa has been increased to Rs. 31050.16 crore in BE 2021-22 from Rs. 27957.32 crore in RE 2020-21 by Rs. 3092.84 crore i.e. increased by 11.06% in comparison to RE 2020-21).</p>
<p>5.        The budget allocation in PadhnaLikhnaAbhiyan (PLA) is also increased from Rs. 95.25 crore (RE 2020-21) to Rs. 250 crore in BE 2021-22 (an increase of Rs. 154.75 crore) i.e. by 162.47%.</p>
<p>The post <a href="https://newsmantra.in/major-boost-to-education-sector/">Major boost to education sector</a> appeared first on <a href="https://newsmantra.in">newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu &amp; Kashmir, Trending news | News Mantra</a>.</p>
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