While presenting the interim budget on February 1, 2024, Finance Minister Nirmala Sitharaman had stated that, “In the full budget in July, our Government will present a detailed roadmap for our pursuit of ‘Viksit Bharat’.” If India does aim to become a developed country by 2047 as per Prime Minister Narendra Modi’s vision of Viksit Bharat, the Union Budget 2024 which will be presented on July 23 must prioritise the education of children, who are the future of the country. Read on to find out what experts from the education sector shared with us at NavyaMedia about their expectations from the Union Budget 2024.
“As we watch FM Shrimati Nirmala Sitharaman present the Union Budget 2024-2025, we are filled with hope for the future of education in India. We happily acknowledge the progressive measures the government is taking to further the education of young Indians. The Union Budget 2024-25 proposes revising the Model Skill Loan Scheme to help 25,000 students every year. The government will also offer internships in 500 of India’s top companies. The companies can employ these interns through their CSR funds. As a support to employers, reimbursement of up to Rs 3,000 per month for two years towards their EPFO contribution for each additional employee will be provided.
India’s large population challenges the country, and these new schemes aim to create new jobs and provide employment to well-educated youth.”