Allocation of funds for education and skill development

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