Allocation for Education increased to Rs.52057 crores, Allocation for Health at Rs.26760 crores

In the union budget 2011-12, the allocation for education has been increased by 24% to Rs. 52,057 crore. Sarva Shiksha Abhiyan gets Rs. 21,000 crore which is 40% higher than the previous year's allocation of Rs. 15,000 crore.

The Finance Minister also proposed to introduce a scholarship scheme for needy students belonging to the Scheduled Castes and Scheduled Tribes studying in classes IX and X. It would benefit about 40 lakh students.

The Plan allocation for Health has also been increased by 20% to Rs. 26,760 crores. The Rashtriya Swasthaya Bima Yojana will be extended to the unorganized sector workers in hazardous mining and associated industries.

Source : Equity Bulls

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