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Budget 2020: New education policy proposed, Rs 99,300 cr for sector in FY21

Steps will be be taken to attract external commercial borrowing and FDI in the education sector, the finance minister said

Nirmala Sitharaman
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Finance Minister Nirmala Sitharaman. Photo: Dalip Kumar

Press Trust of India New Delhi
The Centre will soon announce a new education policy and the government has received over 2 lakh suggestions on it, Finance Minister Nirmala Sitharaman said on Saturday.

Presenting the Budget for 2020-21, Sitharaman said Rs 99,300 crore has been allocated for the education sector and Rs 3,000 crore for skill development for the next fiscal.

Steps will be be taken to attract external commercial borrowing and FDI in the education sector, the finance minister said.

She further said the government plans to start a programme for urban local bodies to provide opportunities for internship to young engineers.

She also said