Budget 2020: New education policy to be launched soon Budget 2020: What to expect for education sector
Finance Minister Nirmala Sitharman on Saturday proposed to allocate ₹99,300 crore for the education sector, adding that it is an integral part of the three themes -- Aspiration, development, compassion -- of the Budget 2020-21.
Government may explore external commercial borrowings and foreign direct investment for funding the education sector and attract key talent, FM Sitharaman said in her budget speech.
In 2019-20, the union budget had allocated Rs. 94,853.64 crore for education that caters to around 300 million students in 1.4 million schools and over 51,000 colleges.
By 2030, India will have largest working age population and government will work to provide required skills for them to get into jobs, FM added.
There’s a global demand for teachers, medical and para-medical staff and the country will start a bridge program to tap these sectors and fill out the employment gap.
To bring foreign students to Indian campuses, the Finance Minister proposed to start an Indo-SAT exam under a 'Study in India' scheme, to enable evaluation and study of students from Asia and Africa who seek admission here.
Sitharaman also said that "IND-SAT exam to be held in African and Asian countries, for benchmarking foreign candidates who wish to study in India."
She further said the government plans to start a programme for urban local bodies to provide opportunities for internship to young engineers.
The university is organized into eleven residential colleges and eight schools of academic study, including the Wiess School of Natural Sciences, the George R. Brown School of Engineering, the School of Social Sciences, School of Architecture, Shepherd School of Music and the School of Humanities. Rice's undergraduate program offers more than fifty majors and two dozen minors, and allows a high level of flexibility in pursuing multiple degree programs
She also said National Police University and National Forensic University are being proposed, while planning to allow degree level full-fledged online education programme by institutions ranked in top 100