Union Budget 2024 Allocates Rs 1.48 Trillion for Education and Employment Initiatives

Tuesday, 23 July 2024, 06:26

In the Union Budget 2024, Finance Minister Nirmala Sitharaman announced the provision of loans up to Rs 10 lakh for students pursuing higher education. This initiative is part of a broader budget allocation of Rs 1.48 trillion focused on education, employment, and skill development programs. The government's commitment aims to enhance the quality of education and increase opportunities for the younger population in India, signaling a positive step towards empowering students and elevating their educational pursuits.

Business-standard — Union Budget 2024 Allocates Rs 1.48 Trillion for Education and Employment Initiatives

Overview of the 2024 Budget

The Union Budget 2024, presented by Finance Minister Nirmala Sitharaman, focuses on improving the educational landscape in India.

Key Highlights

Allocation of Rs 1.48 trillion for education, employment, and skill development.
Provision for loans up to Rs 10 lakh for students seeking higher education.
Initiatives aimed at boosting opportunities and resources for students.

Conclusion

This budget reflects the government’s commitment to enhancing the educational sector and empowering students with financial resources for higher education.

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.