Budget 2020: Finance Minister Nirmala Sitharaman presented Budget 2020 of BJP-led National Democratic Alliance (NDA) government, in Parliament on Saturday. During her speech, Nirmala Sitharaman proposed Foreign Direct Investment (FDI) and External Commercial Borrowings (ECB) in education.
During her Budget speech, Nirmala Sitharaman announced that 150 higher education institutions will start apprenticeships. Meanwhile, urban local bodies will provide internship opportunities for fresh engineers for a year. Likewise, it is proposed to start a degree level full-fledged online education programme in an order to provide quality education to students.
Also, an INDSAT exam is proposed to be held in Asian and African countries under the Study in India programme. Not only this, but a National Police University and National Forensic Science University are proposed in the Budget 2020.
To fulfill the shortage of qualified medical doctors, it is proposed to attach a medical college to existing district hospitals under PPP mode. For this, the education sector has been allocated Rs 99,300 crore while the Skill Development sector has been allocated Rs 3,000 crore.
Finance Minister Nirmala Sitharaman also mentioned that the National Infrastructure Pipeline presents a huge employment opportunity. Meanwhile, National Logistics Policy will be released soon.
During the speech, Nirmala Sitharaman said “Centre to announce new education policy soon. A degree-level full-fledged online education programme to be offered by institutes in top 100 in National Institutional Ranking Framework.”