EducationWorld

Budget 2023-24: Education sector gets Rs.1.12 lakh crore

Nirmala Sitharaman
Reshma Ravishanker 
February 1. The Union finance minister Nirmala Sitharaman presented the Union Budget 2023-24 to Parliament in New Delhi. The government has announced a budgetary allocation of Rs.1.12 lakh crore for education (school education and literacy and higher education). This is an increase by Rs 8,622 crore as compared to the previous year. 
 
This year’s total budget allocation for education at Rs 1,12,899 crore is an increase from the previous Union budget 2022-23’s Rs 1,04,278 crore. In the Union Budget 2023-24, Rs.44,094 crore has been allocated for higher education, Rs.68,804 crore for the department of school education and literacy. 
 
This year’s budget focus is on upskilling youth for better employability, ensuring education outreach for tribal students, new age technology research and development, and teacher training. 
 
Budget highlights: 

Also read: Union Budget 2023: What the education sector wants

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