Budget 2024-25: Edtech Sector Gets Boost As Govt Earmarks INR 1.48 Lakh Cr For Education, Skilling

SUMMARY

The government has earmarked an INR 1.48 Lakh Cr for education, employment, and skilling initiatives

We particularly focus on employment, skilling MSMEs, and supporting the middle class: Nirmala Sitharaman

In this budget, the government has also brought employment and skilling under its nine priorities

As part of its efforts to bolster employment and enhance skills, finance minister Nirmala Sitharaman allotted INR 1.48 Lakh Cr for education, employment, and skilling initiatives in the Union Budget 2024-25 (FY25).

“We particularly focus on employment, skilling MSMEs, and supporting the middle class. I’m happy to announce the Prime Minister’s package of five schemes and initiatives to facilitate employment, skilling, and other opportunities for 4.1 Cr youth over a five-year period,” Sitharaman said while presenting the Budget.

This focus on education and skilling can give a boost to the country’s edtech sector , which is plagued by several challenges.

FM also said that employment and skilling are among the nine priorities of the government.