Finance Minister Nirmala Sitharaman has presented the Union Education Budget 2025 today, February 1. During her eighth budget, she announced a total of three Centres Of Excellence In AI for education will be set up with a 500 cr outlay. Furthermore, IITs will be expanded as well and medical education will be put to focus this year with an increase in the number of seats.
In 2024, the FM announced that the Centre would allocate Rs 1.48 lakh crore in education, employment, and skill development. Students pursuing higher education at domestic institutions would be eligible for loan assistance of up to Rs 10 lakh.
A new centrally funded scheme to be launched in partnership with state governments and companies to train around 20 lakh youth over five years. 1,000 ITIs will be updated, with training content and design linked to industry skill requirements. Sitharaman also stated that the government will provide internships to one crore youths, with each intern getting a stipend of Rs 5,000 and a one-time aid of Rs 6, 000. Companies will use their CSR funds for the government’s internship scheme.
During the Interim Budget 2024 speech, Sitharaman she said that more medical colleges will be set up and a committee will be formed to examine this purpose.
