Finance Minister Nirmala Sitharaman on February 1 said the National Education Policy (NEP) has got good reception.
From providing a boost to school and higher education to ensuring welfare of Scheduled Castes and Scheduled Tribes, here are a few key takeaways when it comes to the fourth pillar of Budget 2021.
A) School education:
— More than 15,000 schools will be qualitatively strengthened to include all components of the National Education Policy.
— 100 new Sainik Schools will be set up in partnership with NGOs/ private schools/states.
B) Higher education:
— Legislation for the setting up Higher Education Commission of India to be introduced.
— In 9 cities, formal umbrella structures to be created to ensure better synergy between educational institutions, while also retaining their internal autonomy. A Glue Grant will be set aside for this purpose.
— Proposal to set up a Central University in Leh has been announced.
C) Scheduled Castes and Scheduled Tribes welfare:
— Target of establishing 750 Eklavya model residential schools in tribal areas.
— Revamping the Post Matric Scholarship Scheme, for the welfare of Scheduled Castes
— Rs 35,219 crores to be used over a period of 6 years till 2025-2026, to benefit 4 crores SC students.
D) Skilling:
— Amendment to the Apprenticeship Act with a view to further enhancing apprenticeship opportunities for the youth.
— Over Rs 3,000 crores to be allocated for realignment of the existing scheme of National Apprenticeship Training Scheme (NATS) for providing post-education apprenticeship, training of graduates and diploma holders in Engineering.
— Initiatives underway in partnership with UAE and Japan to benchmark and facilitate skill qualifications, assessment, vocational skills, technique and knowledge.
Published: February 1, 2021, 19:36 IST
Download Money9 App for the latest updates on Personal Finance.