Tamil Nadu’s finance minister Thangam Thennarasu unveiled the fiscal year 2024-25 budget in the state assembly. With the theme “crossing obstacles and marching towards growth,” the budget targets seven key areas essential for progress. These include improving physical infrastructure, fostering job opportunities, enhancing social and healthcare facilities, boosting district export initiatives, refining financial mechanisms, promoting educational excellence, and advocating environmental conservation.
The Tamil Nadu government has earmarked a substantial budget of Rs 44,042 crores for school education, signalling a significant investment in the sector. Additionally, a noteworthy move includes the decision to cover the entire higher education expenses of transgender students, demonstrating a commitment to inclusivity and equality in educational opportunities. These initiatives underscore the government’s dedication to fostering accessible and equitable education for all segments of society.
The MK Stalin-led government in Tamil Nadu has unveiled plans to provide coaching for competitive exams such as UPSC, Bank, and others to benefit 1000 students. Additionally, the government aims to generate employment opportunities for 50,000 youth over the next two years, with 10,000 positions set to be filled by June. These initiatives reflect a concerted effort to enhance job prospects and empower the youth of the state.
Tamil Nadu Education Budget 2024: Highlights
1) Incentivizing High-Paying Roles in GCCs: The Tamil Nadu government unveils a new payroll subsidy initiative aimed at boosting high-paying jobs in Global Capability Centres (GCCs). Under the scheme, a subsidy of 30% will be provided in the first year, followed by 20% in the second year, and 10% in the third year for positions offering a monthly salary exceeding Rs 1 lakh.
2) Promoting Tamil Literature Worldwide: The Tamil Nadu government earmarks Rs 2 crore to promote Tamil literature globally. Education Minister Thangam Thennarasu highlights the increased translation of Tamil books into other languages at international book fairs over the past two years.
3) Inclusive Higher Education Initiative: Tamil Nadu announces free higher education for transgender individuals. This initiative aims to promote inclusivity and equal opportunities in higher education for the transgender community.
4) Modernizing Government School Infrastructure: Tamil Nadu earmarks Rs 1,000 crore for government school infrastructure development, including the installation of smart classrooms in all 23,000 primary schools.
5) Advancing Technical Education for Industry 4.0: Tamil Nadu announces plans to upgrade 45 Polytechnic Colleges to Industry 4.0 standards, aiming to align technical education with contemporary industry needs.
6) Empowering Working Women with Thozhi Hostels: Tamil Nadu government plans to construct three new Thozhi hostels for working women, allocating a total of Rs 26 crore for the initiative.
7) Boosting Tech Infrastructure: Coimbatore’s New IT Park: The Tamil Nadu government has allocated Rs. 1,100 crore for the development of a new IT park in Coimbatore, spanning over two million square feet. The project will be completed in two phases.
8) Thanjavur’s New SIPCOT IT Park: The Tamil Nadu government plans to establish a new IT park in Thanjavur, with the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) investing Rs 120 crore. Additionally, creches will be set up in all SIPCOT industrial parks.
9) Annal Ambedkar Business Champions Scheme: In the fiscal year 2024-25, Tamil Nadu’s Finance Minister Thangam Thennarasu has allocated Rs 120 crore for the Annal Ambedkar Business Champions Scheme. This initiative aims to support and promote entrepreneurship among marginalized communities, particularly those belonging to the Ambedkar community.
10) Tamil Nadu’s AI Mission: The Tamil Nadu state government is set to launch the Tamil Nadu Artificial Intelligence Mission, a significant initiative aimed at fostering the development and application of artificial intelligence (AI) technologies across various sectors within the state.
11) Tamil Nadu’s Startup Summit: Tamil Nadu is gearing up to host the World Startup Summit in January 2025, a prestigious event that aims to bring together entrepreneurs, investors, and industry experts from around the globe to explore innovative ideas and opportunities in the startup ecosystem.
12) Tamil Pudhslvan Scheme: The Tamil Nadu government is set to introduce the ‘Tamil Pudhslvan’ scheme, aimed at incentivizing government school students to pursue higher education. Under this initiative, students will receive a monthly allowance of Rs 1,000 to support their educational endeavours, fostering greater participation in higher educational institutions.
13) Industry Skilling Centers: The Tamil Nadu government intends to set up new industry skilling centres in 100 government arts, science, and engineering colleges. These skill labs will provide students with practical training, enhancing their employability. Additionally, the government plans to establish 15,000 skill labs in schools, allocating Rs 300 crore for the initiative.
14) A Step Towards Knowledge Access: The Tamil Nadu government has allocated Rs 213 crore to revamp public libraries across the state. This initiative aims to modernize and upgrade existing library facilities, making them more accessible and conducive to learning and research.
15) Empowering Tamil Nadu’s Youth: The Tamil Nadu government has earmarked Rs 200 crore for the second phase of the Illam Thedi Kalvi scheme. This initiative aims to enhance educational opportunities and access for students across the state, supporting their academic pursuits and overall development.
16) Expanding Access to Nutritious Meals: The Chief Minister’s Breakfast scheme will be expanded to include government-aided primary schools in rural areas, with a budget allocation of Rs 600 crore. This initiative aims to provide nutritious meals to students, supporting their health and well-being while enhancing their learning outcomes.
The Tamil Nadu government has earmarked a substantial budget of Rs 44,042 crores for school education, signalling a significant investment in the sector. Additionally, a noteworthy move includes the decision to cover the entire higher education expenses of transgender students, demonstrating a commitment to inclusivity and equality in educational opportunities. These initiatives underscore the government’s dedication to fostering accessible and equitable education for all segments of society.
The MK Stalin-led government in Tamil Nadu has unveiled plans to provide coaching for competitive exams such as UPSC, Bank, and others to benefit 1000 students. Additionally, the government aims to generate employment opportunities for 50,000 youth over the next two years, with 10,000 positions set to be filled by June. These initiatives reflect a concerted effort to enhance job prospects and empower the youth of the state.
Tamil Nadu Education Budget 2024: Highlights
1) Incentivizing High-Paying Roles in GCCs: The Tamil Nadu government unveils a new payroll subsidy initiative aimed at boosting high-paying jobs in Global Capability Centres (GCCs). Under the scheme, a subsidy of 30% will be provided in the first year, followed by 20% in the second year, and 10% in the third year for positions offering a monthly salary exceeding Rs 1 lakh.
2) Promoting Tamil Literature Worldwide: The Tamil Nadu government earmarks Rs 2 crore to promote Tamil literature globally. Education Minister Thangam Thennarasu highlights the increased translation of Tamil books into other languages at international book fairs over the past two years.
3) Inclusive Higher Education Initiative: Tamil Nadu announces free higher education for transgender individuals. This initiative aims to promote inclusivity and equal opportunities in higher education for the transgender community.
4) Modernizing Government School Infrastructure: Tamil Nadu earmarks Rs 1,000 crore for government school infrastructure development, including the installation of smart classrooms in all 23,000 primary schools.
5) Advancing Technical Education for Industry 4.0: Tamil Nadu announces plans to upgrade 45 Polytechnic Colleges to Industry 4.0 standards, aiming to align technical education with contemporary industry needs.
6) Empowering Working Women with Thozhi Hostels: Tamil Nadu government plans to construct three new Thozhi hostels for working women, allocating a total of Rs 26 crore for the initiative.
7) Boosting Tech Infrastructure: Coimbatore’s New IT Park: The Tamil Nadu government has allocated Rs. 1,100 crore for the development of a new IT park in Coimbatore, spanning over two million square feet. The project will be completed in two phases.
8) Thanjavur’s New SIPCOT IT Park: The Tamil Nadu government plans to establish a new IT park in Thanjavur, with the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) investing Rs 120 crore. Additionally, creches will be set up in all SIPCOT industrial parks.
9) Annal Ambedkar Business Champions Scheme: In the fiscal year 2024-25, Tamil Nadu’s Finance Minister Thangam Thennarasu has allocated Rs 120 crore for the Annal Ambedkar Business Champions Scheme. This initiative aims to support and promote entrepreneurship among marginalized communities, particularly those belonging to the Ambedkar community.
10) Tamil Nadu’s AI Mission: The Tamil Nadu state government is set to launch the Tamil Nadu Artificial Intelligence Mission, a significant initiative aimed at fostering the development and application of artificial intelligence (AI) technologies across various sectors within the state.
11) Tamil Nadu’s Startup Summit: Tamil Nadu is gearing up to host the World Startup Summit in January 2025, a prestigious event that aims to bring together entrepreneurs, investors, and industry experts from around the globe to explore innovative ideas and opportunities in the startup ecosystem.
12) Tamil Pudhslvan Scheme: The Tamil Nadu government is set to introduce the ‘Tamil Pudhslvan’ scheme, aimed at incentivizing government school students to pursue higher education. Under this initiative, students will receive a monthly allowance of Rs 1,000 to support their educational endeavours, fostering greater participation in higher educational institutions.
13) Industry Skilling Centers: The Tamil Nadu government intends to set up new industry skilling centres in 100 government arts, science, and engineering colleges. These skill labs will provide students with practical training, enhancing their employability. Additionally, the government plans to establish 15,000 skill labs in schools, allocating Rs 300 crore for the initiative.
14) A Step Towards Knowledge Access: The Tamil Nadu government has allocated Rs 213 crore to revamp public libraries across the state. This initiative aims to modernize and upgrade existing library facilities, making them more accessible and conducive to learning and research.
15) Empowering Tamil Nadu’s Youth: The Tamil Nadu government has earmarked Rs 200 crore for the second phase of the Illam Thedi Kalvi scheme. This initiative aims to enhance educational opportunities and access for students across the state, supporting their academic pursuits and overall development.
16) Expanding Access to Nutritious Meals: The Chief Minister’s Breakfast scheme will be expanded to include government-aided primary schools in rural areas, with a budget allocation of Rs 600 crore. This initiative aims to provide nutritious meals to students, supporting their health and well-being while enhancing their learning outcomes.
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