Budget 2020 | Key announcements on jobs, internships, and education

The Finance Minister has proposed FDI in education

In this picture taken on October 27, 2018, Indian undergraduate students work in their projects as they take part in HackCBS, a 24 hour event of software development also called "hackathon", at the Shaheed Sukhdev College of Business Studies (SSCBS) in New Delhi. - Students from all over India gathered in teams to take part in a challenge to develop their ideas in the fields of Internet of Things (IoT), Artificial Intelligence (AI), Blockchain, Mobility and Education and Financial technology. (Photo by XAVIER GALIANA / AFP)

Union Finance Minister Nirmala Sitharaman in her Budget speech for 2020 has proposed Foreign Direct Investment (FDI) and External Commercial Borrowings (ECB) in education.

She announced that 150 higher education institutions are to start apprenticeships. Urban local bodies are to provide internship opportunities for fresh engineers for a year.

In order to provide quality education to students of deprived sections, it is proposed to start a degree level full-fledged online education programme.

Under the Study in India programme, an INDSAT exam is proposed to be held in Asian and African countries. A National Police University and National Forensic Science University are proposed.

There is a shortage of qualified medical doctors. For this, it is proposed to attach a medical college to existing district hospitals under PPP mode.

For this purpose, the education sector has been allocated ₹99,300 crore and the Skill Development sector has been allocated ₹3,000 crore.

Ms. Sitharaman also mentioned that the National Infrastructure Pipeline presents a huge employment opportunity. A National Logistics Policy is to be released soon.