{"id":273641,"date":"2024-02-02T05:56:41","date_gmt":"2024-02-02T05:56:41","guid":{"rendered":"https:\/\/hamslivenews.com\/?p=273641"},"modified":"2024-02-02T05:56:41","modified_gmt":"2024-02-02T05:56:41","slug":"key-points-of-budget-2024-25-enhanced-allocations-for-major-schemes-and-educational-institutions","status":"publish","type":"post","link":"https:\/\/www.hamslive.com\/news\/2024\/02\/key-points-of-budget-2024-25-enhanced-allocations-for-major-schemes-and-educational-institutions\/","title":{"rendered":"Key Points of Budget 2024-25: Enhanced Allocations for Major Schemes and Educational Institutions"},"content":{"rendered":"<p>The Budget Allocation for the fiscal year 2024-25 has marked a significant milestone for the Department of School Education and Literacy, reaching an unprecedented \u20b973,498 Crore. This represents the highest-ever allocation for the department, showcasing a substantial increase of \u20b912,024 Crore (19.56%) compared to the Revised Estimates (RE) of 2023-24.<\/p>\n<p>The autonomy bodies of Kendriya Vidyalaya Sangathan (KVS) and Navodaya Vidyalaya Samiti (NVS) have received the highest-ever allocations at \u20b99,302 Crore and \u20b95,800 Crore, respectively. KVS witnessed an increase of \u20b9802 Crore, while NVS saw a rise of \u20b9330 Crore from the RE of 2023-24.<\/p>\n<p>The allocation for flagship schemes has witnessed growth, with increments in Samagra Shiksha by \u20b94,500 Crore, PM-POSHAN by \u20b92,467 Crore, and PM-SHRI by \u20b93,250 Crore compared to the RE of 2023-24.<\/p>\n<p>In the realm of Higher Education, the overall Budget Allocation for FY 2024-25 is \u20b947,619.77 Crore, with Scheme allocation at \u20b97,487.87 Crore and Non-Scheme allocation at \u20b940,131.90 Crore. This reflects an overall increase of \u20b93,525.15 Crore (7.99%) in the Budget Allocation for the Department of Higher Education compared to FY 2023-24.<\/p>\n<p>Key allocations in Higher Education include \u20b915,928.00 Crore for Central Universities, \u20b9596 Crore for Deemed Universities (an increase of \u20b996 Crore from BE 2023-24), \u20b910,324.5 Crore for IITs (an increase of \u20b9963.00 Crore), \u20b95,040 Crore for NITs (an increase of \u20b9219.40 Crore), \u20b91,540 Crore for IISERs (an increase of \u20b978 Crore), and \u20b9875.77 Crore for Support to Indian Institute of Science (IISc) (an increase of \u20b960.37 Crore).<\/p>\n<p>Other notable allocations include \u20b91,814.94 Crore for RUSA (an increase of \u20b9314.94 Crore), \u20b91,800 Crore for Institutions of Eminence (IOE) (an increase of \u20b9300 Crore), \u20b91,558 Crore for Pradhan Mantri Uchhatar Shiksha Protsahan Yojna (PM-USP) (an increase of \u20b94 Crore), \u20b9600 Crore for National Apprenticeship Training Scheme (NATS) (an increase of \u20b9160 Crore), \u20b9480 Crore for National Mission in Education through ICT (an increase of \u20b980 Crore), and \u20b9200 Crore for Multidisciplinary Education and Research Improvement in Technical Education-EAP (MERITE) (a 100% increase).<\/p>\n<p>Additionally, an allocation of \u20b9255 Crore has been made for the scheme &#8216;Establishment of 3 Centres of Excellence (CoEs) in Artificial Intelligence (AI)&#8217;, building upon the budget announcement in FY 2023-24.<\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.hamslive.com\/news\/2024\/02\/key-points-of-budget-2024-25-enhanced-allocations-for-major-schemes-and-educational-institutions\/\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 100% !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>The Budget Allocation for the fiscal year 2024-25 has marked a significant milestone for the Department of School Education and Literacy, reaching an unprecedented \u20b973,498 Crore. This represents the highest-ever allocation for the department, showcasing a substantial increase of \u20b912,024 Crore (19.56%) compared to the Revised Estimates (RE) of 2023-24. The autonomy bodies of Kendriya [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":273642,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9612,45],"tags":[10063,10062,1956,164,7000],"class_list":{"0":"post-273641","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance","8":"category-india","9":"tag-budget-allocation","10":"tag-educational-institution","11":"tag-finance","12":"tag-india","13":"tag-school-education"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Key Points of Budget 2024-25: Enhanced Allocations for Major Schemes and Educational Institutions<\/title>\n<meta name=\"description\" content=\"The Budget Allocation for the fiscal year 2024-25 has marked a significant milestone for the Department of School Education and 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