Thursday, November 15, 2007

Eleventh Five Year Plan gives thrust on human resources

Education is finally going to get a long waited attention. The planning commission in its final document for the eleventh five year plan will propose an increase in allocation for education to 19.9% of the total planned expenditure. This represents 270% increase over the 7.4% allocation in tenth five-year plan. The Plan document was finalized on November 8, 2007 and now awaits nod of National Development Council. The good news is not over yet. The plan also increased allocation in health substantially. The plan reflects UPA government’s determination to strengthen India’s human resource. Around Rs. 2.85 lakh crores has been set aside for education, this constitutes Rs. 1.25 lakh crores for elementary education, Rs. 53000 lakh crores for secondary education, Rs. 84000 lakh crores for higher and technical education and Rs. 6000 lakh crores for adult education.The plan has set aside resources for a massive expansion for higher education. It proposes to establish 30 new central universities, of which 16 will be set up in areas, which doesn’t a central university. The rest 14 will be made model universities with world-class infrastructure and facilities, this will cost around Rs. 1000 crores excluding land. There are plans for 7 new IITs and IIMs each, 10 National Institute of Technology, 5 Indian Institutes of Science, Education and Research, 2 schools of architecture and 20 IIITs. All in all India will set to become a leader in human resources. Its all thumbs up to eleventh plan

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