Union Education Budget 2023: Check Major Highlights

Updated On: February 02, 2023 10:05 AM

Minister of Finance, Nirmala Sitharaman presented the Union Budget 2023 on February 01, 2023. Check out the major highlights of the Union Education Budget 2023 on this page.

Union Education Budget 2023: Check Major Highlights

The Union Education Budget 2023 was announced on February 1, 2023 by our Finance Minister Nirmala Sitharaman. Through the budget, the financial plan towards the education sector will be determined along with highlighting other important factors.

The major highlights of the Union Education Budget 2023-2024 are given here as presented by our Finance Minister today.

Major Highlights of Union Education Budget 2023-24

Post-COVID era, there has been constant upskilling and increasing digitalisation while also keeping in mind that the Education sector is one of the most important sectors. Check out the major highlights of the Union Education Budget 2023-2024:

Rs. 1.12 lakh crore has been allocated for the education sector.
The Indian Economy has increased in size from the 10th biggest to the 5th biggest economy in 9 years.
157 new nursing colleges will be established.
For children and adolescents, a National digital library to be formed for facilitating books across literature, geography, etc.
To boost reading habits, National Book Trust and Children’s Book Trust will be encouraged.
Government will collaborate with NGOs that work in literacy.
To provide support to 47 lakh youths in 3 years, a Direct Benefit Transfer under a pan India national apprenticeship scheme will be rolled out.
Three centres of excellence for artificial intelligence to enable 'Make AI for India' and 'Make AI work for India.
The world has recognized India's economy as a bright spot, the FM said. India's growth at 7% in the current fiscal highest among major economies.
57 medical colleges have been established since 2014.
"New program to promote R&D in pharma will be taken up through the centre of excellence Dedicate multi-disciplinary courses for medical devices," Sitharaman said.
Kaushal Vikas Yojana 4.0 will be launched to skill lakhs of Indian youths.
30 Skill India International Centres will be set up across states.
Four transformative opportunities can be used in Amrit Kaal for enhancing economic empowerment.
Finance Minister announced that 38,000 teachers will be recruited for Ekalavya Schools.