Budget gives more money for education | india | Hindustan Times
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Budget gives more money for education

Good news for the education sector. Finance Minister P Chidambaram has increased funds for the sector in the Union budget for 2006-07. In the budget, the allocation has been jacked up by 31.5 per cent and the biggest beneficiary was the Sarva Siksha Abhiyan.

india Updated: Mar 01, 2006 11:51 IST

Good news for the education sector. Finance Minister P Chidambaram has increased funds for the sector in the Union budget for 2006-07. In the budget, presented on Tuesday, the allocation has been jacked up by 31.5 per cent and the biggest beneficiary was the Sarva Siksha Abhiyan.

A flagship programme for universalisation of education not only got praise from the Finance Minister, but also got Rs 10,041 crore as funds for the year, up from Rs 7,156 crore earlier.

Chidambaram said two surveys showed that 93 per cent of the children in the age group of six to 14 years are in school and the number of children not in schools has come down to about one crore.

The new year would see five lakh more classrooms and 1.5 lakh more teachers. The midday meal scheme, that made schools attractive for poor children, now has an allocation of Rs 4,813 crore (up from previous Rs 3,010 crore).

Twelve crore children are now covered under this scheme, the largest meal programme in the world. The secondary and higher education sectors got Rs 6,982.28 crore, compared to Rs 5,800 crore last year.

Giving a boost to technical education, an additional Rs 300 crore has been given to All India Technical Education, including National Institutes of Technology.

SMART BOX
Expense account
• Highest increase in allocation for any sector
• Plan allocation for IISc increased from Rs 6 crore to Rs 50 crore; IITs/IIMs
alsoget more funds
• Money for science education is expected to go up
• More Kendriya Vidyalayas and Navodaya Vidyalayas