Union Budget 2024: Expectations for Education Sector
Finance Minister Nirmala Sitharaman will present the Union Budget 2024 on July 23
Photo Credits: REUTERS/Anushree Fadnavis
Educators and stakeholders are eagerly looking forward to seeing what's in store for the sector.
Here are some pre-budget expectations for the Education sector
Photo Credits: AP Dube/ HT
Widening the education budget allocation
Educators and stakeholders expect the Finance Ministry to increase the budget allocation to beyond 13% to be able to drive more initiatives in the sector
Photo Credits: HT Photo
Financial support and tax reliefs for Edtechs
Edtechs hope to receive a reduction in GST on edtech services from the current 18% to help in delivering affordable online education
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Investing in digital infrastructure and skill development programmes
Stakeholders expect the budget to strengthen the infrastructure of the education sector to be able to accommodate future-ready skill development programmes and more
Photo Credits: Representational pic
Relief for students to take educational loans
Lower interest rates on educational loans can encourage students to pursue education of their choice without much burden and participate in the nation-building
Photo Credits: HT File
Bridging gender disparity through Quality education
Affordable and quality education that reaches the grassroots of the country can help in addressing issues of gender disparity and promote last-mile access