Budget has underlined the potential of education financing: Amit Gainda, CEO, Avanse Financial Services

Amit Gainda, Avanse Financial Services

Union Budget 2022 focused on some of the progressive pillars, which are inclusive development, productivity enhancement, energy transition, and climate action, and thus, it can be rightly termed as the Booster Budget 2022. Diverse structured announcements have been made to provide an impetus to the growth of the economy.

We believe that some of the announcements have the potential to impact the overall education and the education financing sectors positively.

Also Read: Budget is extremely future-oriented: Shashank Khade, Co-Founder & Director, Entrust Family Office

Providing necessary support to the education ecosystem was an integral part of the Union Budget 2022. In the last two years, school and college closures had a significant impact on learning. The proposal for creating a digital university, designed to impart lessons in all regional languages through a network of ‘hub and spoke’, and the launch of new e-learning content delivery platforms will accelerate the expansion of the ed-tech segment, thereby contributing to a surge in the education sector.

The announcements such as the alignment of the National Skill Qualification Framework with dynamic industry needs, the launch of DESH-Stack e-portal, promotion of Drone-As-A-Service (DrAAS), Battery Swapping Policy to improve efficiency in the EV ecosystem will contribute towards the introduction of several new skill sets that young learners and professionals can embrace to be future-ready. We, as an education-focused organization, are geared up to support the aspirants to acquire the necessary skills to contribute positively.

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