The government has reportedly revised budget estimates for the financial year 2014-15 and reduced the funds allocated to higher education by Rs 3,900 crores, bringing it down to Rs 13,000 crore from the originally planned Rs 16,900 crore (as reported by Hindustan Times).
Here’s how five major projects will be affected by the cuts.
1. 16 IITs to get Rs 163 crores less
The eight new Indian Institutes of Technology (IITs) created by the UPA government during 2008-12 will be affected by this decision as the Human Resource Development ministry will not be able to give out the funds for completing the construction of their new campuses this year.
The original allocation of Rs. 2,500 crore to the 16 IITs for the year 2014-15 has now been reduced to Rs. 2,337 crore.
2. The five new IITs and IIMs will get Rs 435 crores less
The Finance Minister, Arun Jaitley in his budget speech, had proposed a sum of Rs 500 crore to set up five new IITs and IIMs. The new IITs are to be set up in Jammu, Chhattisgarh, Goa, Andhra Pradesh and Kerala while the new Indian Institutes of Management (IIMs) are to come up in Himachal Pradesh, Punjab, Bihar, Odisha and Maharashtra,.
However, now the government will only disburse Rs 65 crore to set up these new institutions this year.
3. MOOCs project will get Rs 95 crore less
In the 2014-15 Budget the government had allocated Rs 100 crore to online education for MOOCs and virtual classrooms, in order to achieve the target of training 500 million people by 2022. However this amount has now been revised to Rs 5 crore.
4. Madan Mohan Malviya National Mission on Teachers Training to get Rs 485 crore less
The government had set aside Rs 500 crore for the Pandit Madan Mohan Malviya's Teacher Training Programme to improve the training of teachers. It was expected to benefit over 20,000 teacher trainees studying in teacher training institutions.
However, this Mission will now get only Rs 15 crore this year.
5. RUSA to get Rs 1803 crore less
Rashtriya Uchchatar Siksha Abhiyan (RUSA), which was started with a mission to improve the overall quality of higher education in the country by supporting state higher education with funds will now get only Rs 397 crore as against the originally planned Rs 2,200 crore.