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Revitalising infrastructure and systems in education

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What is RISE? Scheme to revitalise school infra announced in Budget 2018 by FM Arun Jaitley

Budget 2018 for education: Finance Minister Arun Jaitley today presented the annual financial statement for the year 2018-19 in the Parliament. While talking about the new initiatives launched for the education sector, FM listed a number of amendments that are being launched in the sector for the growth of youth in the country.

By: FE Online

 

February 1, 2018  3:06 PM

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The government budget for health, education and social security this year has increased from Rs 1.22 lakh crore in the current fiscal.

Budget 2018 for education: Finance Minister Arun Jaitley today presented the annual financial statement for the year 2018-19 in the Parliament. While talking about the new initiatives launched for the education sector, FM listed a number of amendments that are being launched in the sector for the growth of youth in the country. A new initiative known as ‘RISE’ was announced by the Finance Minister today. RISE stands for Revitalising of Infrastructure and Systems in Education. While talking about the same, FM Jaitley said the scheme known as RISE will be launched in the country with a total investment of Rs 1 lakh crore in the next four years.

“The government proposed to revitalise infrastructure, opening schools for Scheduled Tribe population as well as promoting programmes for teachers, in order to improve quality education for students,” said FM Arun Jaitley. The government has allotted a total expenditure of 1.35 lakh crore for health, education and social welfare.

The government budget for health, education and social security this year has increased from Rs 1.22 lakh crore in the current fiscal. The government has also increased the educational cess from 3 pct to 4 pct to collect additional Rs 11,000 cr, said PM Arun Jaitley.