Union Budget 2024 for Education Sector: Finance Minister Nirmala Sitharaman disclosed the pre-election Budget for 2024-25 in Parliament, highlighting significant achievements. She announced, "The Skill India Mission has successfully trained 1.4 crore youths and upskilled or re-skilled 54 lakh individuals, alongside the establishment of 3,000 new ITIs. Furthermore, a considerable number of prestigious educational institutions, including 7 IITs, 16 IIITs, 7 IIMs, 15 AIIMS, and 390 universities, have been set up."
Moreover, Sitharaman noted a notable 28 per cent increase in female enrollment in higher education over the past decade.
FM Sitharaman also announced in her Budget speech that the government intends to establish more medical colleges. “Our govt plans to set up more medical colleges by utilising the existing hospital infrastructure under various departments. A committee for this purpose would be set up to examine the issues and make relevant recommendations,” FM Sitharaman said in her Budget speech.
Also Read: Education Budget 2024: FM Sitharaman's Key Announcements In Interim Budget For Education Sector
Sitharaman's Interim Budget 2024 is valid for the first four months of the upcoming fiscal year, which begins in April. Its purpose is to serve as a vote on account for advance grants to pay for the central government's expenditures.