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The budget of the education sector is constantly decreasing, big announcement is needed for boost-up in the Corona era

Finance Minister Nirmala Sitharaman will present the general budget on 1 February. This will be the third budget of the second term of the Modi government. This year’s budget will be different from the rest of the budget. In fact, the entire economy has collapsed due to the Corona epidemic, in such a situation, there will be an
 
The budget of the education sector is constantly decreasing, big announcement is needed for boost-up in the Corona era

Finance Minister Nirmala Sitharaman will present the general budget on 1 February. This will be the third budget of the second term of the Modi government. This year’s budget will be different from the rest of the budget. In fact, the entire economy has collapsed due to the Corona epidemic, in such a situation, there will be an attempt to bring life to all areas during the budget. If we talk about education sector, due to the epidemic, this time there has been more emphasis on online learning. This time the country has many expectations from the central government regarding the education sector in the Union Budget.

The National Education Policy (NEP) has already set the pace for changing the country’s education sector. It is seen as a ‘strong foundation’ laid with clear intentions to bring about necessary reforms in education.

Educational institutions or even teachers and students were not ready for online learning due to the sudden emergence of epidemics and lockdowns. Because it was facing technical issues like internet connectivity or financial challenges for schools. If we look at the figures of the last three years, the budgetary allocation for education has come down from 3.71 percent of GDP in 2017-18 to 3.48 percent of GDP in 2018-19 and 3.2 percent in 2019-20. In the last financial year, the government allocated Rs 99,300 crore for the education sector. Let’s know what are the expectations from this budget …

Strategic Implementation of NEP

In Budget 2021, the emphasis should be on ensuring adequate allocation of funds to NEPs and empowering central and state level bodies.

Promotion of AI and other technologies in education is important

Digital learning and artificial intelligence have been important in the education sector. Strong support from the government is expected in this time budget on promotion of techniques. The corona epidemic has led to digital education.

Prof. Dr. Sanjeev Marwah, Director, JK Business School said, We hope that the Union Budget 2021 will revolutionize the education sector. The new education policy NEP has brought aggressive changes in the higher education system of our country, it has encouraged the urge to learn, emphasis on mixed education, increasing emphasis on ideological understanding.

He said, we hope that both digital and traditional education should be promoted in the coming budget. With this, another important aspect that is being looked into in the Union Budget 2021 is the financial assistance that can be given to private sector entities, including low-cost and zero-cost loans, which are done in many countries. 

Emphasis on strengthening educational institutions

Educational institutions are the backbone of India and the future of students depends on these institutions. The Corona epidemic led to the closure of many educational institutions. Experts say that in view of this, the government should strengthen these institutions and provide various assistance.

Ease of education loan

Due to high interest rates of education loans, students and families are not able to get selected in the course of interest of the child. During the lockdown, many parents were talked to, who said that there should be no interest on the education loan. Vipul Tiwari, who lives in Delhi and prepares for professional course, said, “Government should consider relaxation in interest rates in education loan, it will be a big thing for all of us students.” With this, we will be able to enroll in the course according to our own mind.

Better Infrastructure for Online Learning

Given the growing trend of online learning, the government should consider furthering it. Experts believe that the government will take steps towards building better infrastructure and better Internet services to support online education.

High budget allocation

Experts hope that the government will pay special attention to the education sector through high budgetary allocation, which is helpful for advancing the sector in terms of infrastructure, institutions, quality education.