Will eLearning RISE after Cut in Budget 2018?
India’s Finance Minister, Mr. Arun Jaitley presented the Budget 2018 last week. While it contains a plethora of information, we will be looking at what this Budget holds for the Education sector. Also, try and understand the ‘’RISE’’ scheme and its impact on students’ career. RISE – Budget 2018 RISE stands for Revitalizing of Infrastructure and Systems in Education. The scheme will be launching in FY19 with a total investment of Rs. 1 Lac crore over the next four years. A total expenditure of Rs 1.35 lac crore is done by government for health, education and social welfare. The RISE scheme will have its financing via a restructure ‘higher education financing agency or HEFA. HEFA is functioning as a non-banking financial company with the aim to lend low-cost funds to government higher education institutions. From Blackboard to Digital Board The government in its Budget 2018 also stresses on eLearning and digital education. According to the FM, to increase ...