Budget 2019: FM proposal to earmark Rs 400 crore for world class educational institutions hailed

Finance Minister Nirmala Sitharaman said in her budget speech that the government will bring in a New National Education Policy to transform India`s higher education system to one of the best in the world. She has provided Rs 400 crore in the budget to create world class educational institutions. 

The new policy, presently in the draft form, proposes major changes in both school and higher education among others, better governance systems and brings greater focus on research and innovation, according to the Finance Minister.

The proposal related to new education policy has been appreciated by those involved in this sector. Akshay Chaturvedi, Founder & CEO, Leverage Edu, said “This is by far one of the most encouraging budgets I have seen for the education/career domain. Great to see inputs taken by the Hon’ble Prime Minister during Champions of Change two years back coming into play with the New Education Policy."

"I am personally most kicked up about the “Study in India” program to bring foreign students to India, setting our country up as a top education hub, as well as directed focus on skills for building careers abroad - as they both align nwith our vision at Leverage Edu,. It helps us expand our market and impact opportunity massively - so absolutely delighted!,” Akshay Chaturvedi added. 

Appreciating the government proposal, Ketan Dewan, Co-founder & CEO, Talocity, said, "Study in India for foreign students is a great initiative to promote India as a major education hub. This will allow 3 things: 

1. India will have access to foreign intellectual capital, which is going to be the big differentiator in the march to the 5 trillion economy.

2. International students will bring along substantial benefits to the Exchequer as well as the university ecosystem.

3. India is the largest English speaking population in the world and the requirements of English language will be paramount in this new era in India for existing facilities and incoming students.