NEP Aims to Increase Investment in Education To 6 Per Cent of GDP!!

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NEP Aims to Increase Investment in Education To 6 Per Cent of GDP!!
NEP Aims to Increase Investment in Education To 6 Per Cent of GDP!!

NEP Aims to Increase Investment in Education To 6 Per Cent of GDP. The Centre and the States will work together to increase the public investment in the education sector to reach 6 per cent of Gross Domestic Product (GDP) at the earliest, says National Education Policy 2020 which was approved by the union cabinet.

An official release said

NEP aims to achieve 100 per cent youth and adult literacy and 3.5 crore new seats will be added to Higher Education Institutions (HEIs)

“Efforts will be made to incentivize the merit of students belonging to SC, ST, OBC, and other Socially and Economically Disadvantaged Groups (SEDGs). The National Scholarship Portal will be expanded to support, foster, and track the progress of students receiving scholarships. Private HEIs will be encouraged to offer larger numbers of free ships and scholarships to their students,”

To ensure the preservation, growth, and vibrancy of all Indian languages, NEP has recommended setting an Indian Institute of Translation and Interpretation (IITI), National Institute (or Institutes) for Pali, Persian and Prakrit and strengthening of Sanskrit and all language departments in Higher Education Institutes (HEIs).

“Internationalization of education will be facilitated through both institutional collaborations, and student and faculty mobility and allowing entry of top world-ranked universities to open campuses in our country,”

“A National Mission for mentoring will be established, with a large pool of outstanding senior/retired faculty including those with the ability to teach in Indian languages – who would be willing to provide short and long-term mentoring, professional support to the university, college teachers,”

An autonomous body, the National Educational Technology Forum (NETF), will be created to provide a platform for the free exchange of ideas on the use of technology to enhance learning, assessment, planning, administration.

“An Academic Bank of Credit is to be established for digitally storing academic credits earned from different HEIs so that these can be transferred and counted towards final degree earned. Multidisciplinary Education and Research Universities (MERUs), at par with IITs, IIMs, to be set up as models of best multidisciplinary education of global standards in the country,”

“HECI to have four independent verticals – National Higher Education Regulatory Council (NHERC) for regulation, General Education Council (GEC ) for standard-setting, Higher Education Grants Council (HEGC) for funding, and National Accreditation Council( NAC) for accreditation. Public and private higher education institutions will be governed by the same set of norms for regulation, accreditation and academic standards,”

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