Maharashtra Budget 2022: Government increases allocation for education to Rs 3,370.24 crore; major announcements

The state government of Maharashtra presented the budget for the financial year 2022-23 on Friday. The budget, articulated by the state’s finance minister, Ajit Pawar, is being seen as a catalyst that will make Maharashtra the first state with a $1 trillion dollar economy.

before presenting Maharashtra Budget 2022Pawar greeted the deity of Maharashtra, Chhatrapati Shivaji Maharaj and garlanded the statue. This year’s budget has a myriad of provisions that are new and for the first time in the budget, including IDs and ration cards for all transgenders in the state.

state this year Maharashtra Government There has been a huge jump in the budget allocation for the education sector. The budget allocation for the education sector this year is Rs 3,370.24 crore. Last year this allocation was Rs 2,945.78 crore. Five percent of the total amount will be allocated for the improvement of school facilities at the district level. Around Rs 615 crore will be allocated to the Department of Skill Employment, Entrepreneurship and Innovation.

The Maharashtra government, with the state budget 2022, aims to encourage and develop a strong start-up culture, and as a result, has allocated Rs 500 crore. This amount will be used to set up innovation centers in all the six revenue divisions of the state. The Uddhav Thackeray-led government is eyeing a network of innovation hubs where youth can turn their passion for technology into tangible sources. These projects will focus on Artificial Intelligence, Messaging Satellites, Drone Technology etc.

There is a special provision of Rs 100 crore in the budget allocation for the education sector of the state which will be used to set up a music school dedicated to late legendary singer Lata Mangeshkar. The Sangeet Vidyalaya will be established in Kalina Campus, University of Mumbai. Some smaller allocations were also included in the state budget 2022.

For example, there is a provision of Rs 3 crore for setting up study centers in various institutions of the state to educate the youth about eminent and historical figures. About Rs 1 crore has been allocated for improving the facilities and conditions of schools in the villages of Sane Guruji, Savitribai Phule, Maharishi Karve, Rashtrasant Tukadoji Maharaj, Krantisinh Nana Patil and Gadgeba Maharaj.

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