Union Budget evokes positive reactions from educationists
>>It aims to lend low-cost funds to government higher educational institutions
The Union Budget has evoked positive reactions from educationists as it has laid stress on prioritizing education and emphasized a shift from traditional blackboards to digital blackboards.
The Budget has allocated Rs 85,010 crore for the education sector for the year starting 1 April. Finance Minister Arun Jaitley said education is a priority for the government. Education will be treated holistically without any segmentation from Nursery to Class XII.
The Budget also unveiled a new scheme called Revitalizing Infrastructure and Systems in Education or RISE which will be financed via a restructured higher education financing agency (HEFA) that is functioning for the past two months as a non-banking financial company. It aims to lend low-cost funds to government higher educational institutions.
“The 2018 Budget looks very promising for the education sector. The Government’s plan to leverage technology in the education sector is a big leap forward. Their allocation of Rs. 1 lakh crore for research in the field of education is also a much-needed step,” said Rohit Mann, Director, Lancers International School.
According to Mr. Sumeet Nath, Secretary& Treasurer, Baptist Church Trust Association (BCTA), an organization that administers several schools pan -India, “We are delighted to learn that the Union Budget 2018 is focussed on improving the quality of education. It is indeed heartening to note that the Government shall now be treating education holistically, sans any segmentation, from pre-nursery to Class 12. The seriousness of the Government towards any sector can be gauged by the budget allocation for it. We are happy to hear about the RISE scheme (Revitalising Infrastructure and Systems in Education) wherein a budget of Rs 1 lakh crore has been allocated over 4 years. There is a great disparity in terms of education infrastructure and systems in private schools and state-run schools and a scheme like this shall be instrumental in bridging the gap. He emphasized on training 13 lakh teachers under the RTE (Right to Education), as this shall improve the standard of students. We at BCTA welcome this move for we firmly believe that pedagogy should be an ever-evolving phenomenon and we are more than happy that the Government is investing a sizable amount in it.”