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1,25,638

Financial assistance for higher The government will revise
education loans up to Rs 10 the Model Skill Loan Scheme
lakh. The revised Model Skill to provide loan facilities crore rupees
Loan Scheme will benefit up to Rs 7.5 lakh with a
is the education budget. An
25,000 students annually. guarantee of enhanced
unprecedented increase has
Also, 1 lakh students will get funding. This measure is
been made in the education
e-vouchers with a 3% interest expected to assist 25,000
budget for the bright future
rebate, ensuring affordable students annually.
of the students.
education for all.

Education is one of the
most important sectors

Education is one of the most important sectors
for the development of India and is among
the top priorities of the Center. The National
Education Policy (NEP) was launched in
2020 under the leadership of Prime Minister In line with the guidelines of the National Education
Narendra Modi, which is a policy document. Policy 2020, ‘Poshan Bhi Padhai Bhi’ (PBPB) was
It not only focuses on education but also launched in May 2023. It is a path-breaking Early
prepares the youth to take advantage of the Childhood Care and Education (ECCE) program to help
India develop the world’s largest, universal, high-quality
challenges and opportunities arising from the
preschool network in Anganwadi centers.
knowledge-based economy of the 21st century

India has 26.52 crore students in schools, 4.33 crore
students in higher education, and over 11 crore students
in skill development institutions. The broad education
landscape in the country comprises 14.89 lakh schools,
1.50 lakh secondary schools, 1.42 lakh higher secondary
schools, 1168 universities, 45473 colleges, and 12002
standalone institutions, and 94.8 lakh teachers in school
education and 15.98 lakh teachers in higher education.

India's growing dominance in high-quality
research has resulted in India jumping to
the 9th rank in the 'Nature's Index 2023',
surpassing Australia and Switzerland. India's
share of high-quality research articles
has increased by 44 percent in the last
four years.

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