HomeNewsBusinessEconomyBudget 2019 proposes five-fold increase in salary allocation for university, college teachers

Budget 2019 proposes five-fold increase in salary allocation for university, college teachers

Department of school education and literacy has been allocated Rs 56,386.63 crore for 2019-20

February 01, 2019 / 18:44 IST
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Budget 2019
Budget 2019

M Saraswathy
Moneycontrol News

Finance Minister Piyush Goyal increased the allocation for the education sector by 12.2 percent to Rs 93,847.64 crore in the Interim Budget 2019-20. But the real good news is for college teachers, as the outlay for improvement in the salary scale of university and college teachers has been raised nearly five-fold from Rs 469.18 crore (revised estimate of 2018-19) to Rs 2,000 crore in 2019-20.

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According to the expenditure budget documents, department of school education and literacy has been allocated Rs 56,386.63 crore while the department of higher education has been given Rs 37,461.01 crore.

This meets the expectation of the education sector, which was hoping for an at least 10 percent increase in the total budget allocation for the school education and the higher education segment put together.