What’s in store in Union Budget for education ?

The education budget 2022 was announced as part of the Union Budget 2022 and it has increased by 11.86% from the previous year. How is this going to affect our education system, finds out The Progressive School.

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The Union Budget 2022has earmarked ?1.04 lakh crore for education, an increase of around ?11,000 crore, or 11.86%, from what was pegged in 2021-22.The budget focused mainly on digital education, the creation of a digital university, job creation, agricultural universities, skill development of programmers, etc.

Here’s how experts react on this budget:

An inspiring budget to provide stimuli for continued growth

“ The Finance Minister has unveiled a Budget that aims to bridge the economic gap between India and Bharat. The proposed policies are an inspiring start in what will hopefully provide stimuli for continued growth, leading us closer towards our goal of achieving sustained acceleration!

I welcome the focus on digital aspects of education and creating greater access for students with structured, high-quality content. The announcement of Digital University is most welcome and in line with the trend of online schools across the country. But, it misses the opportunity to leapfrog with more significant innovation and investment for improved access, equity and affordability. The structural flaws of the education sector and problems on the ground could have been addressed. Exciting times are ahead for Digital Education.”

-Yeshwanth Raj Parasmal, Co-founder, 21K School

No specific funding of Road Map for implementation of New Education Policy 2020

The announcement of Digital University is most welcome and in line with the trend of online schools across the country. But, it misses the opportunity to leapfrog with more significant innovation and investment for improved access, equity and affordability.

“Loss of 2 years of regular education seem to be covered by Open Digital University which would collaborate with existing universities along with 200 New T V c h a n n e l s f o r education sounds very promising. We only hope that this gets implemented in record time and does not get lost in Govt red tape. But no specific funding of Road Map for implementation of New Education Policy 2020 is a big disappointment of the education sector.”

– Nitin Potdar, Partner, J. Sagar Associates (JSA)

Encouraging supplementary education in regional languages is a good move

“Expansion of the “One class, one TV channel” program of PM eVIDYA from 12 to 200 TV channels is a welcome step asencouraging supplementary education in regional languages is the need of the hour as language cannot act as a barrier to receiving a quality education, especially for first-generation learners. Encouraging PPP projects which will help in a centralised build-up of quality content in regional languages and ensure their easy access through mass mediums will help the country reap the demographic dividend in the years to come. The plan of developing a digital university to provide access to students for world-class quality education with ISTE Standards will give a huge boost to learning. this welcome announcement by the Hon FM has the potential to bring in globally renowned faculty members and students from all over the world and ensure excellent peer to peer discussion and discourse. It’s time to build centres of excellence that will be India proud.”

-Achin Bhattacharyya, Founder and CEO, Notebook

Union Budget 2022 focused on some of the progressive pillars

“Union Budget 2022 focused on some of the progressive pillars, which are inclusive development, productivity enhancement, energy transition, and climate action, and thus, it can be rightly termed as the Booster Budget 2022. Diverse structured announcements have been made to provide an impetus to the growth of the economy.

We believe that some of the announcements have the potential to impact the overall education and the education financing sectors positively.

Providing necessary support to the education ecosystem was an integral part of the Union Budget 2022. In the last two years, school and college closures had a significant impact on learning. The proposal for creating a digital university, designed to impart lessons in all regional languages through a network of ‘hub and spoke,’ and the launch of new e-learning content delivery platforms will accelerate the expansion of the ed-tech segment, thereby contributing to a surge in the education sector.

The announcements such as the alignment of the National Skill Qualification Framework with dynamic industry needs, the launch of DESH-Stack e-portal, promotion of Drone-As-A-Service (DrAAS), Battery Swapping Policy to improve efficiency in the EV ecosystem will contribute towards the introduction of several new skill sets that young learners and professionals can embrace to be future-ready. We, as an education-focused organization, are geared up to support the aspirants to acquire the necessary skills to contribute positively.”

-Amit Gainda, CEO, Avanse Financial Services

Government aims to leverage technology advancements

“The decision to establish the digital university is a disruptive and futuristic decision that will benefit a large number of students even from the remotest part of the country by making world-class education accessible. This will surely give wings to the dreams of deserving students and meet the goal of providing high-quality education to all students across the country.

The plan to increase the ‘One Class One TV Channel’ from 12 to 200 TV Channels in all States in India will enable students to learn through radio and DTH channels thereby overcoming t h e p r o b l e m o f internet connectivity. The two decisions truly reflect the Government’s aims to leverage technology advancements and use them as tools to meet the educational aspirations of a large number of students in the country. They have set an example that is worthy of being emulated by others.”

-Dr.DishanKamdar, Vice-Chancellor, FLAME University

Newly announced budget is very new age

“Extending the Digital India mission to strengthen online education , t h e Government’s plans to launch a Digital DESH e-portal for skilling, upskilling, and reskilling of the youth is a significant move and is in sync with the evolving times. The newly announced budget is very new age as it talks about establishing digital universities which in turn, shall accelerate quality output within the country. We welcome the introductions, as upGrad is equally focused towards driving maximum career outcomes for its learners and such initiatives will further support our mission. Clearly, accessibility and quality education are at the centre of GoI’s initiatives which assures that we are moving in the direction of achieving the United Nations SDGs, as a nation. Innovative mechanism for imparting knowledge, teacher’s training programs, and high-quality regional content for e-learning will be the focus areas for us and we are glad to see the national support towards the sector.”

-Mayank Kumar, Co-founder and MD, upGrad

The budget reflects the need to overcome the learning loss

“We congratulate the Finance Minister for a growth oriented budget. The budget reflects the need to overcome the learning loss induced by the pandemic. The idea to start a One Class One TV channel to bridge the learning loss induced by the pandemic was required and we are excited to support this wonderful initiative.

The announcement to facilitate supplementary learning in regional language for classes 1 to 12 was long overdue and is in sync with NEP 2020 to boost learning in languages other than Hindi and English. Government’s idea to generate more employment in the startup ecosystem is need of the hour and the EdTech sector will help in accelerating this movement. We also welcome the establishment of AVGC Promotion Task force as edtech heavily relies on animation and visual effects and is a creator of opportunities for youth skilled in animation and visual effects.”

-Vingish Vijay, Founder & VP, 90+ My Tuition App

It’s great to see the government working towards skilling and upskilling

“Accessibility to quality learning is a huge challenge for the country, especially in the digital mode of delivery. I think that the Digital University and ‘One Class One TV Channel’ are very thought through ideas to ensure that no children are left behind due to language, resource, or digital barriers. Skilling and Upskilling have been the talk of the EdTech town for the longest time (for all the right reasons) and it’s great to see the government working towards that too. The FM also talked about teachers being trained to be able to deliver quality learning outcomes to students. I think that is one of the most important components of the education system since a trained teacher has the potential to transform lives of many children and create impact at scale. I am excited to witness the implementation of proposed initiatives and how they impact education across the country.”

-Rishabh Khanna, Cognitive Scientist, Co-founder, Suraasa