Union Budget 2024: Major Highlights For Education Sector

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The Union Budget 2024-25 allocates Rs 1.48 lakh crore for education, employment, and skilling

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E-vouchers for loans up to Rs 10 lakh for higher education will be given to 1 lakh students annually, with a 3% interest subvention

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A total of 1,000 ITIs will be upgraded using a hub-and-spoke model, aligning course content with industry skill needs

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An internship scheme will offer 1 crore youths opportunities in over 500 firms to gain practical experience and boost employability

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Over the next five years, 20 lakh youths will be skilled in emerging sectors to address the skill gap and enhance employment opportunities

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The budget has allocated Rs 47,619 crore for higher education

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A 12-month Prime Minister's Internship with a monthly allowance of Rs 5,000

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