The Union Budget for 2014 has been announced by the Finance Minister Arun Jaitley in the parliament. The union minister Mr.Jaitley has allotted Rs.500 crore for setting up five new Indian Institute of Technology (IITs) and Indian Institute of Management (IIMs) and four All India Institutes of Management Studies (AIIMS) across various states of the country.
The IITs are to be established in the cities like Jammu & Kashmir, Chattisgarh, Goa, Andhra Pradesh and Kerala adding to the list of already existing 16 IITs across the country in various states. The IIMs, on the other hand, are to be set up in Himachal Pradesh, Punjab, Bihar, Odisha and Maharashtra. As a result, the total number of IIMs will reach 18 after these new IIMs are set up. The four AIIMS are to be established in Andhra Pradesh, West Bengal, Vidarbha and Purvanchal.
President Pranab Mukherjee, in his first session of the 16th Lok Sabha also had laid a stress on the government’s plan to bring in new IITs and IIMs in the country.
As per the budget, FTII Pune and SRFTI Kolkata will be given the status of ‘Institutes of National Importance’. Besides, Lok Nayak National Centre for Higher Education and Madan Mohan Malviya Scheme for Teacher Training will also be formed.
Also, FM regreted the dis-interest towards girl child and announced ‘Beti Padhao, Beti Badhao Yojana‘, setting aside Rs.100 crore for the same. Mr.Jaitley has also proposed 12 new govt medical colleges having dental facilities.