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.

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).

Higher Education Budget 2024: Highlights

1. 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.
2. 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.
3. National Digital University wasn't allocated any funds in FY 23-24, but has been allocated ₹100 cr in FY24-25.
4. 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

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