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While the budget to India’s top technology institutions has dropped from RE of Rs 10,384.21 crore to Rs 10324.50, the allocation for Indian Institutes of Management (IIMs) also saw a dip. The budget was brought down from Rs. 212.21 crore from the RE of Rs. 331 crore. Last year, the budget of these prestigious B Schools was brought down from Rs 608.23 crore (RE) to Rs. 300 crore.But the grant for India’s 56 Central Universities has increased to Rs 15,472 crores from RE of Rs 12,000.08 crore – a hike by over 28 per cent.However, for school education, the budget allocation for 2024-25 is Rs. 73,498 crore from Rs. 72473.80 crore – said to be the highest ever for the Department of School Education and Literacy under the Education Ministry. The focus on schools will be a high priority of the government as it plans to roll out new textbooks along the lines of the National Education Policy 2020. In line with this focus on school education, two autonomous school bodies – the Kendriya Vidyalaya Sangathan (KVS) and Navodaya Vidyalaya Samiti (NVS) – also saw the highest-ever budget allocation. While KVs was allocated Rs. 9302 crore as compared to Rs, 8500, NVS got the funding of Rs. 5,800 as compared to Rs, 5470 crore. A large chunk of the school education budget went to PM Schools for Rising India (PM SHRI), which got ₹6050 crore for the 2024-25 FY.
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School education budget sees an increase of over Rs 500 crore, UGC funds cut by over 60 per cent
