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New IIT, IIMs but education sees 17% cut

The Budget also seeks to make educational loans easier.

Written by Ruhi Tewari |
March 1, 2015 1:36:43 am

Even as the NDA government announced new IITs and IIMs in the Budget, the allocation for the crucial education sector was slashed significantly by nearly 17 per cent as compared to the Budget Estimates of 2014-15, with school education bearing the brunt of the cut.

While the Department of School Education witnessed a budget cut of nearly Rs 13,000 crore, from Rs 55,115 crore to Rs 42, 210 crore, the Department of Higher Education saw a cut of around Rs 800 crore to around 26,800 crore this fiscal. The HRD Ministry’s flagship Sarva Siksha Abhiyan also saw a cut from Rs 28,635 crore last fiscal to around Rs 22,000 crore now.

In the revised estimates for 2014-15, while school education allocation was cut by around Rs 80,000 crore, that of higher education was slashed by Rs 4,000 crore.


The government announced new IIMs in J&K and Andhra Pradesh, and a new IIT in Karnataka.

Finance Minister Arun Jaitley also announced the decision to upgrade the Indian School of Mines, Dhanbad, into a full-fledged IIT, going against the recommendation of an expert committee headed by former IIT Mumbai director Ashok Mishra. The panel, constituted by the previous UPA government, had said it would dilute the institute’s brand.

The Budget also seeks to make educational loans easier.

HRD Minister Smriti Irani praised the Budget for being “very pragmatic”.


* AIIMS in J&K, Punjab, Tamil Nadu, Himachal Pradesh and Assam, a second AIIMS-like institute in Bihar
* IIT in Karnataka
* Upgrade Indian School of Mines, Dhanbad, into full-fledged IIT
* Post-graduate Institute of Horticulture Research and Education in Amritsar
* IIMs in J&K, Andhra Pradesh
* Upgrade National Institute of Speech and Hearing in Kerala
* Three new National Institutes of Pharmaceutical Education and Research in Maharashtra, Rajasthan, Chhattisgarh
* Institutes of Science and Education Research in Nagaland, Orissa
* Centre for Film Production, Animation and Gaming in Arunachal Pradesh

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