New Delhi, Feb. 2 -- In order to provide qualitative education for all total Budget allocation for the HRD Ministry in interim Budget 2019-20 is Rs. 93,847.64 crore which is more than 10,000 crore from previous year budget allocation.

The total budget allocation proposed in the BE 2019-20 for Higher Education is Rs.37,461 Cr. This is 7% compared to allocation of Rs.35,010 Cr for this sector in BE 2018-19. The Government has therefore enhanced allocation to the Higher Education by Rs.2,450 Cr.

Apart from this, Government has made available more than Rs.17,000 Cr using the HEFA funding mechanism. It is anticipated that another Rs. 14,000 Cr will be made available in the coming year through this window. The overall fund availability for th...