Union Finance Minister Piyush Goyal in his interim Budget 2019-20 increased the allocation of funds to the elementary education. The government increased the allocation for the National Education Mission from Rs 32,334 crore in (Revised estimate) RE 2018-19 to Rs 38,572 crore in Budget estimate (BE) 2019-20. This is a 12.77 percent increase over the previous year. In total, the education sector received Rs 93,847.64 crore, against Rs 85,010 crore in the previous year’s budget allocation.
National Education Mission during the financial year 2018-19 and 2019-20 is as below:-
Samagra Shiksha: Rs 36322.00 crore
Padhna Likhna Abhiyan/ Saakshar Bharat: Rs 100.40 crore
Appointment of Language Teachers: Rs 50 crore
School Assessment Programme: NIL
National Education Mission – Rashtriya Uchhatar Shiksha Abhiyan: Rs 2100 crore
As the government announced 10 percent education quota for the Economically Backward Section (EWS), it has allocated more funds for building infrastructure in educational institutions to add capacity through Higher Education Financing Agency (HEFA) funding mechanism. Higher Education Sector received a total of Rs 69,193.68 crore in the year 2019-20, including the contribution from HEFA. Funds may go up with further contribution from HEFA and UGC.
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