Budget 2016: Mixed Reaction from Schoolguru

“We have gone through the speech of the Finance Minister and the initiatives proposed by him for the Education Sector. We have mixed feelings about the same:

  • The impetus provided for the Skill development seems very promising. The Government has increased the allocation and the targets for the skill development through the PM Kaushal Vikas Yojana. Government is also looking at increasing the NSDC footprint to cover a larger student base. This shall help increase the capacity and the variety of programs in this area.
  • The move to improve on the Digital Literacy Scheme will have significant impact in the next few years.
  • However, the entrepreneurs working in the field of Education have nothing to gain from the budget. Looking at the infrastructure, both hard and soft, that needs to be created to achieve the targeted growth in the GER, the budget seems quite disappointing. The companies working in the field of Higher Education and skilling could have received a boost through certain exemptions in Service Tax and Income tax.
  • The budget has done nothing much to attract more private participation in the education sector. The Finance Minister has explained nothing of his intention to boost Public-private partnership in education.
  • The amount of Rs 1000 crores for higher education financing seems quite inadequate. “

Shantanu Rooj’s, Founder and CEO of Schoolguru

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