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Budget 2020: Education sector allocation up 5%

For the skill development ministry and its various programmes, an allocation of Rs 3,002.21 crore has been proposed for FY21 compared to Rs 2,531.04 crore in FY20.

February 01, 2020 / 10:25 PM IST

Budget 2020 has increased the allocation for the education sector by 5 percent to Rs 99,311.52 crore in FY21.

Of this, the department of higher education has been allocated Rs 39,466.52 crore while the school education and literacy department was given Rs 59,845 crore.

“By 2030, India is set to have the largest working-age population in the world. Not only do they need literacy but they need both job and life skills,” said Finance Minister Nirmala Sitharaman in her Budget speech.

For the skill development ministry and its various programmes, an allocation of Rs 3,002.21 crore has been proposed for FY21 compared to Rs 2,531.04 crore in FY20.