Union Budget 2024-25: Reactions From Education Sector

The union interim budget 2024-25 has obtained diverse reactions from experts in the education industry. The stakeholders are analysing its potential to enhance educational infrastructure, teacher training and student resources. The budget’s focus on digital learning initiatives and vocational training is being appreciated and is believed to be a significant step towards future-ready education.

Let us read the opinions of education industry experts in their own words below:

Shishir Jaipuria, Chairman, Seth Anandram Jaipuria Group of Educational Institutions

“The Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman emphasizes on skill development and employment generation – two very important areas for realising the country’s demographic dividend. The three schemes for the employment-linked incentives shall facilitate smooth entry of graduates and post-graduates into industry through the one-month wage allowance and EPFO contribution. The decision to upgrade 1000 industrial institutes and aligning the course content with the industry needs will address the skills gap. Many of India’s youth who have the potential but can’t afford quality higher education will benefit immensely from the provisions for availing loans upto Rs 10 lakh through e-vouchers. This initiative will also improve the gross enrolment ratio in higher education from its present 28.4 per cent to the 50 per cent target for 2035 proposed in the National Education Policy 2020. To provide learners an industry exposure, the initiative to give internship to 1 crore youth in the next five years is indeed commendable. With an outlay of 1.48 lakh crore collectively for education, skilling and employment, the Union Budget is aimed at empowering the youth to play an active role in nation-building for Viksit Bharat.”

Published by:- BW Education
Published on:- Jul 23, 2024
Link:- https://bweducation.com/article/union-budget-2024-25-reactions-from-education-sector-527032