A total of 15,000 schools across India will include all components of the National Education Policy (NEP), Finance Minister Nirmala Sitharaman said on Monday (February 1) while announcing the Union Budget 2021.
“More than 15,000 schools to include all components of the National Education Policy will be qualitatively strengthened; to enable them to emerge as exemplar schools in their regions, handhold and mentor other schools to achieve the ideals Policy,” Sitharaman said while presenting the Union Budget at Parliament.
Sitharaman also explained that 100 new Sainik schools will be set up in partnership with private schools of the states and NGOs.
FM also revealed the Centre’s scheme to form a Higher Education Commission as an overseeing body to see through accreditation, regulation, and funding.
“Many of our cities have various research institutions, universities, and colleges supported by the Government of India. Hyderabad for example has about 40 such major institutions. In 9 such cities, we will create formal umbrella structures so that these institutes can have better synergy, while also retaining their autonomy. A glue grant will be set aside for this purpose”, said Sitharaman.
A Central University in Leh to access higher education in Ladakh will also be set up.
In the Budget 2020, the education sector was allocation Rs 99,311.52 crore in FY21. The Centre had also allotted the department of higher education Rs 39,466.52 crore, with the school education and literacy department getting Rs 59,845 crore.
An allocation of Rs 3,002.21 crore was also proposed for FY21 by Nirmala Sitharaman during her Budget speech back in 2020.