Budget 2021: Quote of P.C. Chhabra – Executive Director, Sanskriti University, Som Sharma- Founder, Edu Brain and Tarun Goel- Director, The Design Institute of India
Quote by P.C. Chhabra- Executive Director, Sanskriti University
This is a realistic budget and the allocation of budget for health, education, and skill development are really good initiatives. We were expecting digitalization in education but increasing expenses of mobile and electronic products will lead to the problem in education and this is a step back in digital India. This budget will be a boost for healthcare and infrastructure and will strengthen NEP. The FM has allocated over INR 3000 crore funds with a forward-looking training plan towards the success of Atmanirbhar Bharat. Opening college in Leh, Collaboration with Japan for training and inter-training programmes to facilitate transfer of Japanese industrial and vocational skills, techniques and knowledge are very positives. Though the government made a positive move by increasing the number of universities, amendments in the apprenticeship training scheme and training scheme, this may not be enough for the World’s largest young population with 600 million people under the age of 25 years. Overall the Budget is very progressive and transparent.
Quote by Mr. Som Sharma, Founder of Edu Brain Group
The status of education is often a healthy predictor of the country’s overall development and well-being .The Budget 2021 as presented by the Finance Minister had various generic points such as set up of Higher Education Commission responsible for the accreditation and regular funding of the Colleges and Universities and also proposed to amend apprenticeship law to enhance opportunities for youth is a great initiative taken by Govt of India. The Union Budget 2021 has definitely proposed significant changes which have the capability to revitalise the education sector. To promote skill Development Govt. has taken a few innovative initiatives to maintain the research ecosystem by the collaboration with Japan for the sharing of technology and knowledge and collaboration with UAE for skill development and deployment on successful completion of courses. We feel Budget 2021 comes up with various opportunities for students to enhance their skills and this right intent of the government can truly be attained if we also have long-term strategy and organisational structure in place and we also look forward to it.
Quote by Tarun Goel, Director of The Design Institute of India
Government will implement the legislation for setting up of the Higher Education Commission of India (HECI) envisaged in the National Education Policy 2020.
The year 2020 has been a terrible year for the education industry as the COVID-19 pandemic forced schools, colleges & institutes to stay shut & resort to online learning. The education budget comes as a ray of hope in these tough times that the entire nation has been facing due to the challenges imposed by Covid-19.
The focus on empowering students of all regions and strata by strengthening more than 15,000 schools (to emerge as model schools in their regions, hand holding and mentoring other schools) and setting up of 100 new Sainik schools is a great step by the government.
One of the key developments in the education budget 2021-22 is that the government will implement the legislation for setting up of the Higher Education Commission of India (HECI) envisaged in the National Education Policy 2020. It would be an umbrella body having four separate bodies for standard-setting, accreditation, regulation, and funding to make it one of the most centralized regulatory institutions and replace all other regulatory bodies like the University Grants Commission or the All India Council for Technical Education.
Another major announcement is the creation of a formal umbrella structure in 9 cities to cover all Govt. colleges, universities, research institutions in a city for greater synergy.
