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Budget 2020: Proposes FDI In Education


01 February 2020

OMMCOM NEWS


In the Union Budget 2020, Union Finance Minister chalked out the proposed policies of the government under the Education sector. 

• In order to provide quality education, propose to start degree level full fledged online programmes by top 100 institutions. 

• Nirmala Sitharaman has proposed Rs 99,300 for Education sector and Rs 3000 crore for skill development.

• Steps will be taken to source external commercial borrowing and FDI to deliver higher quality education. 

• Under ‘Study in India’ programme, an exam is proposed for Asian and African students. 

• Urban local bodies will provide 1 year internships to engineering students.

According to experts, the FDI would encourage top foreign universities and educational institutions to set up high quality educational institutions in India.