Education Budget of India 2023: Key Highlights and Analysis
Increased Allocation and Key Initiatives
In her Budget speech, Union Finance Minister Nirmala Sitharaman announced an 8% increase in the Education Ministry's budget for 2023. The total allocation stands at [Amount], marking a significant increase from the previous year.
Financial Support for Higher Education
One of the key initiatives introduced in this year's budget is the provision of financial support for loans up to Rs. 10 lakh for students pursuing higher education in domestic institutions. This measure aims to ease the financial burden and make higher education more accessible to aspiring students.
Telangana's Education Budget Increase
In a separate development, Telangana state has announced an 115% increase in its education budget for the year 2024-25. The total allocation for education in Telangana now stands at Rs. 21,292 crore, representing the highest increase in recent times.
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