Piyush Goyal, the Union Minister for Finance and Corporate Affairs on Friday, Feb 01, 2019 presented the interim budget for 2019-20. He earmarked Rs 93,847.64 crore for the education sector, Let’s find out what is there in Budget 2019 for Higher education and how much funds allocated for higher education in Modi Era 2014-19.
The allocation of the fund for this year 2019-20 has seen an increase of 10 per cent from last year budget of Y2018-19. The Center during the Budget 2018 presentation had allocated Rs 85,010 crore for the education sector. Out of the total allocation of Rs 93,847.64 crore for 2019-20, Rs 37,461.01 crore has been assigned for higher education, while the rest of the amount, Rs 56,386.63 crore has been allocated for basic school education.
In the last four and half years, 7 IITs, 7 IIMs, 14 IIITs, 15 AIIMS, 1 NIT, and 4 NIDs have been set up or are in the process of being set up. During the inaugural address at the 106th edition of ‘Indian Science Congress’ earlier this month, Prime Minister Narendra Modi tweaked Atal Bihari Vajpayee’s, the late Indian political leader and former Prime Minister famous slogan “Jai Jawan, Jai Kisan, Jai Vigyan” by adding “Jai Anusandhan” to it.
But time and again, Prime Minister Modi has reiterated that Science and Technology will facilitate his ‘New India-2022’ vision. But has budget allocation during his tenure for research as his words? Let’s have a look at the funding received by India’s premier Institutes (IITs, IIMs, NITs, IISc and other) under his rule.
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Indian Institutes of Technology (IITs)
The Indian Institutes of Technology have seen a decline in their budget from Rs 6,326 crore in 2018-19 to Rs 6,223.02 crore this year. The funds allocated in Budget 2019 For Higher Education especially Indian Institutes of Technology have seen a decline.
IITs received a budgetary allocation of Rs 6,223.02 crore this year compared to Rs 6,326 crore in budget 2018 and Rs 7,856 crore in budget 2017. The 2017 revised budget for IITs, however, stood at Rs 8,244 crore, making it the highest expenditure since 2010. Interestingly, the allocations to the IITs during Modi Era have increased by more than 60% since the budget 2014 allocation of Rs 3,896 crore.
Indian Institutes of Management (IIMs)
As per the interim budget 2019, the budget outlay for IIMs as seen a decline of 59.9 per cent from last fiscal’s allocation from Rs 1,036 crore to Rs 415.41 crore.
The allocations for the Indian Institutes of Management have increased four folds Under PM Modi prime ministership. While the allocation stood at Rs 275 crore in budget 2014 which have reached Rs 1,036 crore in the budget 2018 allocations and the revised budget 2017 figures of Rs 1,068.
In the four budgets from 2010 to 2013, the highest allocation was Rs 369 crore, and during Modi this tenure the highest allocation was Rs 1,036 Crore in 2017.
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National Institutes of Technology (NITs)
The fund allocations for the National Institute of Technology have also registered an upward trend till 2017, which has amplified under the Modi Regime. The rise in allocation between 2010 and 2013 was 23% and during Modi Era it was more than 90% between 2014 and 2017.
However, last year’s budget allocation of Rs 3,203 crore was less than the budget 2017 allocation of Rs 3,440 crore and the revised allocation of Rs 3,668 crore in budget 2017. The Center has given a major boost to the IITs and NITs as they have proposed the setting up of ‘Schools of Planning and Architecture’ (SPA).
Indian Institute of Science, Indian Institute of Science and Education and Research (IISc, IISER)
IISc and IISER have received a higher allocation over the years. In budget 2014, the allocation stood at Rs 1,067 crore for IISc and IISER and in the last budget of 2018, the allocation has reached Rs 1,144 crore, marking a rise of only about 7%. The rise has not been as marked as that, which has been observed in the technical and management institutes.
The budget outlay for the Indian Institute of Science, Education and Research (IISERs) has seen a drop from Rs 689 crore in 2018-19 to Rs 660 crore in 2019-20.
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Here you got the information about Budget 2019 for Higher education and also fund allocated during Modi Era. Please post your Feedback or Comments in below comment box. In the election year, this is not surprising, that the fund allocated in Budget 2019 for Higher Education is not as per expected as an investment in the education sector doesn’t have short-term returns.
Prime Minister Narendra Modi may already try to reach out to the future voters by positioning himself as a student counsellor and speaking directly to them and their parents over Pariksha Pe Charcha, and writing a book on how to crack examinations, Exam Warrior.
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