Photo: Mint
Photo: Mint

Budget outlays for IITs, IIMs decline

  • 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.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Close