In 2023 -24 financial year the central government plans to spend rupees 1.12 lakh crore in the education sector.

The ministry of education for the next financial year is Rupees 1 ,12 898.97 crore which is a significant increase from revised estimates of current financial year under education budget 2023- 24.

This is also the highest ever budget allocated to the ministry.

The education ministry department school education and literacy has been allocated 68, 804.85 crore while the higher education department has been allocated rupees 44, 094.62 crore.

As per revised estimates of 2022-23 financial year soon in budget documents the higher education budget for the current financial year extends at rupees 40 ,828.35.

The school education department got rupees 59, 052.78 crore.

Under School Education budget government also allocated rupees 364.1 crore for Central sector schemes projects which includes national awards to teachers, Pradhanmantri innovative learning program and national means cum merit scholarship scheme expenditure of autonomous bodies for 2023-24 is at rupees 14, 391.36 crore, This include rupees 8363.98 crore for Kendriya Vidyalaya Sangathan, rupees 5486.50 crore for Navodaya Vidyalaya Samiti and 518.50 allocated to NCERT.

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