IITs have been allocated Rs. 6,223.02 crore as against Rs. 6,326 crore in 2018-19
Budget outlay for the IIMs was Rs. 415.41 crore, a massive decline of 59.9% from last fiscal's Rs. 1,036 crore
NEW DELHI :
There has been a decline in budget outlays for IITs, IIMs, IISER, and statutory and regulatory bodies such as UGC and AICTE in the interim budget for 2019-20 as compared to the allocation for 2018-19.
This comes at a time the Human Resource Development Ministry has said it will implement 10% reservation for economically weaker sections of the general category from the 2019 academic session and has directed to increase around 25% seats in higher educational institutions and universities across the country.
The budget outlay for the Indian Institutes of Management (IIMs) was ₹415.41 crore, a massive decline of 59.9% from last fiscal's allocation of ₹1,036 crore.
The Indian Institutes of Technology (IITs) have been allocated ₹6,223.02 crore as against ₹6,326 crore in 2018-19.
The IITs also saw a budget cut in the last fiscal from ₹8,337.21 crore in 2017-18 to ₹6,326 crore in 2018-19.
The outlay for the University Grants Commission (UGC) is ₹4,600.66 crore in the budget, a decrease from ₹4,722.75 crore in 2018-19.
The outlay for the All India Council for Technical Education (AICTE) is ₹466 crore as against ₹485 crore in 2018-19. In all, the budget outlay for statutory bodies saw a decline of 2.70% from the last fiscal. In 2019-20, the budget outlay for the bodies is ₹5,066.66 crore as opposed to last fiscal's figure of ₹5,207.75 crore.
The budget outlay for the Indian Institute of Science, Education and Research (IISERs) also saw a decline in 2019-20 interim budget to ₹660 crore from 2018-19's allocation of ₹689 crore.