Home   >>    Loan   >>    Education Loan   >>     Overview
Get Education Loan Offers
A maximum of 5 providers will compete to give you the best rates (Dec 2016)

 

 

 

 

 

 
 
 
 
 
 

I authorize the website and its partner providers to call or SMS me in connection with my application & agree to the Privacy Policy and Terms of use

Allocation for the education sector increased in 20%, budget 2008-09

In the Union Budget 08-09, allocation for the Education sector has been increased by 20 per cent. Rs 34,400 crore have been allocated to this sector compared to Rs 28,674 crore in 2007-08.

Apnaloan.com Research Bureau

01 Mar 2008

In the Union Budget 08-09, allocation for the Education sector has been increased by 20 per cent. Rs 34,400 crore have been allocated to this sector compared to Rs 28,674 crore in 2007-08.

Media reports say that the Ministry of Human Resource Development (HRD) was allocated Rs 6,483 crore in the previous year's budget for higher education, but spent only Rs 3,262 crore, returning as much as Rs 3,221 crore.

The Department of Higher Education had seen a major hike in allocation last year owing to the 54 per cent expansion for implementation of quotas for Other Backward Classes (OBCs) in central higher educational institutions. With the Supreme Court staying the implementation of the OBC quota last year, the ministry was not able to utilise the allocation.

Secondary education was allocated an all-time high of Rs 4,554 crore.

The finance minister also announced the setting up of a Model School Programme, under which 6,000 model schools will be set up. The programme will be started in 2008-09, with an allocation of Rs 65 crore.

The National Means-cum-Merit Scholarship facilitating students to pursue education from upper primary till higher secondary has been provided with Rs 750 crore, similar to last year.