Budget 2024: Key Financial Support for Education and Employment

Tuesday, 23 July 2024, 06:56

In the recent Budget 2024 announcement, Finance Minister Nirmala Sitharaman declared substantial financial aid for student loans, enabling students to access loans up to ₹10 lakh. The total allocation for education and employment reaches ₹1.48 lakh crore, underscoring the government's commitment to enhancing educational opportunities and job training in the country. This initiative aims to alleviate the financial burden on students, fostering a more educated workforce.

Hindustantimes — Budget 2024: Key Financial Support for Education and Employment

Budget 2024 Summary

The Union Budget 2024 has introduced significant measures aimed at supporting students in their pursuit of higher education.

Financial Aid for Student Loans

Loan Amount: Up to ₹10 lakh available for student loans.
Total Education Funding: ₹1.48 lakh crore dedicated to education, employment, and skilling.
Government's Commitment: This budget illustrates a firm commitment to improving educational opportunities.

Conclusion

With these financial aid provisions, the government aims to support students in their educational pursuits, ultimately contributing to a capable and trained workforce in India.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.