Budget 2026: Education Spending Soars to Record High, But No New NEET/IIT Seats
Education
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News18•01-02-2026, 14:47
Budget 2026: Education Spending Soars to Record High, But No New NEET/IIT Seats
- •Union Budget 2026-27 allocates a record Rs 1.39 lakh crore to education, up from Rs 1.28 lakh crore last year.
- •New initiatives include colleges in schools, higher education, skilling, content labs, and girls' hostels.
- •TCS on money sent for studying abroad reduced from 5% to 2%, benefiting students pursuing overseas education.
- •No new scholarship schemes announced, disappointing students and middle-class families.
- •Despite high expectations, Budget 2026 did not increase MBBS or IIT seats; focus is on new institutions like NIPERs, NIDs, and Ayurveda Institutes.
Why It Matters: Education budget hits record high, but key demands for new scholarships and increased NEET/IIT seats unmet.
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