Sunday, Sep 20, 2020 | Last Update : 11:49 PM IST

180th Day Of Lockdown

Maharashtra118801585793332216 Andhra Pradesh6177765307115302 Tamil Nadu5364774812738751 Karnataka5113454048417922 Uttar Pradesh3362942632884771 Delhi2347011981034877 West Bengal2155801870614183 Telangana1713061397001033 Odisha167161133466722 Bihar164224149722855 Assam150349121610528 Kerala12221687341490 Gujarat119088999083271 Rajasthan109088906851293 Haryana103773816901069 Madhya Pradesh97906743981877 Punjab90032658182646 Chhatisgarh7777541111628 Jharkhand6710052807590 Jammu and Kashmir5971138521951 Uttarakhand3713924810460 Goa2678320844327 Puducherry2142816253431 Tripura2069612956222 Himachal Pradesh11190691997 Chandigarh92566062106 Manipur8430653951 Arunachal Pradesh6851496713 Nagaland5306407910 Meghalaya4356234232 Sikkim2119178923 Mizoram15069490
  India   All India  01 Feb 2020  Start-up crowd loves Budget 20-21, but education capitalists swoon

Start-up crowd loves Budget 20-21, but education capitalists swoon

Published : Feb 1, 2020, 6:09 pm IST
Updated : Feb 1, 2020, 6:09 pm IST

For the digital skills guys, Nirmala Sitharaman opened with a roar but then…

Rs 3000 crore for skill development. Is that a lot or what? (AP)
 Rs 3000 crore for skill development. Is that a lot or what? (AP)

BENGALURU: Hopes soared when finance minister Nirmala Sitharaman, early into her Union Budget speech Saturday, launched off with remarks like ‘India will have the world’s largest working population in the world by 2030’. That’s the kind of things people say when singing hosannas about India’s so-called demographic dividend.

Well, the remarks yielded an allocation of about Rs 99,300 crore for education with Rs 3,000 earmarked for skill development. That paltry allocation, just 3 per cent of the entire budget, put industry experts into a swoon.


“After how she began her budget speech, the allocation of merely 3 per cent of expenditure to the education sector was highly disappointing,” said Raj Padhiyar, founder and CEO of Digital Gurukul.

“We expected the finance minister to announce revolutionary measures in building up a digital education ecosystem to promote futuristic skills and combat unemployment. But no major announcements were made.”

Dr Padhiyar said the brave announcement of a ‘new education policy’ was much-need to rescue the education system, which is slip-sliding away, implementation of such sentiments has still a long way to go.

The budget also proposed that 100 universities under National Institutional Ranking Framework (NIRF) to deliver degrees to deprived communities.


The startup crowd was a bit more enthusiastic though. “For a start-up like us, the tax concessions extended are welcome. Also, the cess on imported medical equipment has been reduced from 20 per cent to 15 per cent. Although we need to read the fine print, but broadly speaking healthcare has been very well taken care of,” said Pooja Grover Kapoor, co-founder and director) of Continua Kids.

To the healthcare sector, Madam apportioned Rs 69,000 crore and made the much-made promise to eliminate tuberculosis by 2025. Also, under something called Aspirational India, the government will open hospitals in Tier 2 and Tier 3 cities. Surprisingly, this received thumbs ups from stakeholders.


“We definitely welcome this budget as thrust has been given to the healthcare sector. The finance minister has decided to include 12 vaccine-preventable diseases in Mission Indra Dhanush. By 2024, every district in the country will have a Jan Aushadhi Kendra so everyone gets medicines at reduced costs,” said Himani Narula Khanna, co-founder and director of Continua Kids.

Tags: nirmala sitharaman, union budget 2020-21, digital skills, healthcare allocation, education allocation
Location: India, Delhi, New Delhi