New Delhi: The Narendra Modi government is likely to cut the school education budget for 2019-20 by Rs 3000 crore on account of “funds crunch”, as reported by a source from BJP government.
Highly placed sources in the Human Resource Development (HRD) Ministry which oversees education – said the Ministry of Finance had cited lack of funds as the reason behind the proposal.
A sum of Rs56,536.63 crore was sanctioned to the school education department for 2019-20 financial year. The funds cut, the sources add was discussed in a meeting between officials of the HRD.
As per sources, HRD minister Ramesh Pokhriyal Nishank along with other officials, is now trying to pursue the finance ministry to provide complete fund.
“The HRD Ministry is pushing them (finance ministry) to release the full amount because the school education department has no other way of generating funds. Higher education department hs things like HEFA (Higher Education Finance Agency) through which they can raise money, but school education (department) does not have any such means” said another ministry source.