Education Budget 2024: ₹47619.77 cr allocated for higher education in FY 24-25

The FY 24-25 allocation for the Higher Education Department marginally increased by ₹3525.15 cr, when compared to the FY 23-24 allocation of ₹44,094.62 cr.

Published on: Feb 1, 2024, 17:05:45 IST

By HT Education Desk, New Delhi

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Finance Minister Nirmala Sitharaman in her Interim Budget allocated ₹47619.77 cr to the Education Ministry's Department of Higher Education for FY 24-25.

Finance Minister highlighted that female enrolment in higher education increased by 28 percent and that in STEM courses stands at 43 percent which is one of the highest in the world. (Sanchit Khanna/ Hindustan Times)

While presenting the Interim Budget 2024, the finance minister highlighted that female enrolment in higher education increased by 28 percent and that in STEM courses stands at 43 percent which is one of the highest in the world.

The FY 24-25 allocation for the Higher Education Department is marginally increased by ₹3525.15 cr, when compared to the FY 23-24 allocation of ₹44,094.62 cr. The revised estimates for the department stood at ₹57244.48 cr.

Overall, the Education Ministry has been allocated ₹1,20,627.87 cr with ₹73,008.10 cr announced as budgetary allocation for the Department of School Education and Literacy (DoSEL).

Also Read: Education Budget 2024: School Education outlay at ₹73008.10 crore, marginal increase since last budget

Higher Education Budget 2024: Highlights

Allocation for Statutory and Regulatory Bodies like UGC and AICTE saw a dip from ₹5780 cr in FY 23-24 to ₹2900 cr in FY 24-25.
Andhra Pradesh and Telangana Tribal Universities did not receive any allocation in this interim budget as opposed to the previous allocation of ₹37.67 cr in FY 23-24.
National Digital University wasn't allocated any funds in FY 23-24, but has been allocated ₹100 cr in FY24-25.
Under the student financial aid category, Scholarship for College and University students and the Special Scholarship Scheme for Jammu and Kashmir received no allocation again this year.

Here are the key allocation figures for departments under the higher education category.

Schemes, Projects, Bodies, Institutes	Allocation in FY 2023-24 in cr	Revised Allocation 2023-24 in cr	Allocation in FY 2024-25 in cr
PM Research Fellowship	400	330	350
Digital India-e-learning	420	415	505
Research and Innovation	210.61	193	355
UGC	5360	6409	2500
AICTE	420	400	400
AP & Telangana Tribal Universities	37.67	40.67	0
IIT	9661.50	10384.21	10324.50
IIM	300	331.01	212.21
NITs and IIEST	4820.6	4820.60	5040
IISER	1462	1509	1540
IISc	815.4	863.37	918.27
IIITs	560	486.55	515.91

Also Read: Education Budget 2024: Govt planning more medical colleges; female enrolment in higher education up, says Sitharaman

ABOUT THE AUTHOR
HT Education Desk
For over a decade, the Hindustan Times Digital Streams – Education Desk has been a trusted source for accurate, in-depth, and timely news on education and careers. We bring the latest updates on board exams, competitive exams, results, employment news, study abroad, scholarships, and school and college admissions, helping students, job seekers, and educators make informed decisions. Our Coverage Areas 1. Board Exams & Results: Comprehensive reporting on CBSE, CISCE, and state board exams (UP, Bihar, Maharashtra, West Bengal, Rajasthan, Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, and others), including schedules, admit cards, answer keys, results, and career opportunities. 2. Competitive Exams: Insights into major exams like UPSC, JEE, NEET, GATE, CAT, SAT, and state and central government services. Exam Results: Timely updates on UPSC, SSC, SBI, IBPS, NTA, IIMs, and other competitive exam results. 3. Employment News: Notifications on government and private sector jobs, vacancies, eligibility, application processes, and results. 4. Study Abroad: Information on top universities, courses, tuition fees, scholarships, visa regulations, and career prospects for international students. Features & Analysis: Opinion pieces, expert explainers, deep-dive reports, and interviews with key figures in education. 5. Breaking Education News: Real-time updates on major policy changes, institutional reforms, and trends shaping the education sector. 6. With a commitment to factual, unbiased journalism, HT Digital’s Education Desk has seen continuous growth in readership, offering credible and engaging content tailored for students, parents, and professionals. Meet the Team 1. Nilesh Mathur – News Editor A journalist with 24 years of experience, including 18+ years at Hindustan Times, Nilesh leads editorial planning, ensures factual accuracy, and enhances audience engagement through strategic content. 2. Papri Chanda – Deputy Chief Content Producer With over a decade of experience in education journalism, Papri specializes in exam-related content, study abroad insights, and education trends. She also explores new opportunities in education that benefit students. 3. Bishal – Senior Content Producer Active in the education and jobs sector since 2019, Bishal focuses on tracking developments, analyzing trends, and crafting informative content for students and job aspirants. 4. Gaurav Sarma – Deputy Chief Content Producer A multimedia journalist with 9+ years of experience, Gaurav is skilled in research-based storytelling, feature writing, and reporting on competitive exams, online courses, and education trends. At Hindustan Times Digital Streams – Education Desk, we strive to be the go-to platform for students and professionals navigating the dynamic world of education and careers.Read More

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