Education and skill development are key aspects of the government’s budget. In the financial year of 2023-24 the government is planning to spend 112,000 crore rupees. To give a clearer picture of this, the budget allocated to the ministry is its highest ever.
High Level Distribution:
| Department | Allocated Funds (in crore) |
|---|---|
| Education Ministry’s Department of School Education and Literacy | ₹68,804.85 |
| Higher Education Department | ₹44,094.62 |
Detailed distribution of funds:
| Program/Initiative | Allocated Funds (in crore) |
|---|---|
| Central Sector Schemes/Projects | ₹364.1 |
| Kendriya Vidyalaya Sangathan (KVS) | ₹8,363.98 |
| Navodaya Vidyalaya Samiti | ₹5,486.50 |
| National Council of Educational Research and Training (NCERT) | ₹518.50 |
| Pradhan Mantri Poshan Shakti Nirman (PM POSHAN) | ₹11,600 |
| PM Uchchatar Shiksha Protsahan (PM-USP) | ₹1,554 |
| PM Research Fellowship | ₹400 |
| Digital India e-learning | ₹420 |
| Research and Innovation | ₹210.61 |
| University Grants Commission (UGC) | ₹5,360 |
| All India Council for Technical Education (AICTE) | ₹420 |
| Support to Indian Institutes of Technology(IITs) | ₹9,661.50 |
| Support to NITs and IIEST | ₹4,620 |