Budget 2017-18 and service sector

(Education)Made by-

Nidhi Bangera

The service sector is also called the tertiary

sector. The basic characteristic of this sector is the

production of services instead of end products.

Service sector produces the products which are know as services.

Service Sector

SERVICE INDUSTRY

Telecommunication Hospitality industry/Tourism Mass media Healthcare/hospitals Public health Information technology Wholesale and Trade Transportation Education Government services

Financial services Banking Insurance Investment management

FMCG Professional services

Accountancy Legal services Management consulting

Consulting Retail sales Real estate

Service sector share

• Play School and Pre School Education • Elementary Education • Secondary Education • Higher Education • Vocational Education

Education sector in India

10 public and 10 private educational institutions were made

world-class A scheme of Rs 500 crore was introduced for promoting

entrepreneurship among SC/ST A digital repository was initiated for school leaving

certificates and diplomas Rs 1,000 crore budget was provided for higher education

financing Rs 1,700 crore was provided for 1500 multi-skill

development centers

Highlights of budget 2016-17

62 new navodaya vidyalayas was created to provide quality

education A digital literacy scheme was launched for covering six

crore additional rural households The National Skill Development Mission was initiated to

impart training to 76 lakh youth Entrepreneurship training was provided across schools and

colleges along with massive online courses Sarva Shiksha Abhiyan was introduced to increase focus on

quality of education

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The Finance Minister offered to set up an

Innovation Fund in Secondary Education with special focus on 3479 educationally backward blocks.

Introducing a national ranking and accreditation system- the colleges will be identified based on accreditation and ranking, and given autonomous status to increase focus towards Quality Education.

Education Budget 2017-18

The introduction of 350 virtual courses on the Swayam

Platform to promote digital education and reach out to the youth.

The Ministry also proposed the setting up of a National Testing Agency for all Entrance Exams.

In respect of Skill Development government also set aside 4000 crores towards SANKALP program for Skill Development for training of 1 crore youth.

No further measures were introduced in terms of Education Loan

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 To provide an appreciable cut to the education

sector in order to lay a stronger foundation for our youth.

To provide technology-enabled education to the students of our nation.

 To clarify further on the RTE payments which can ensure strict enforcement of rules at every level.

Education sector expectations

To improve the rural education system and work in

tandem with the Digital India programme that is designed to provide broadband highways, universal access to mobile connectivity, public internet access programme, e-governance etc. to overcome the hurdles for holistic development of every sector.

To digitalize every classroom and provides modern education to the youth. To fulfill this vision, we will go hand in hand in ushering a digital revolution in every classroom of the country.

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