The Cabinet Committee on Economic Affairs, chaired by PM Modi recently approved the following:
1) Setting up of 28 Navodaya Vidyalayas (NVs) in the uncovered districts of the country under the Navodaya Vidyalaya Scheme (Central Sector Scheme). The total estimated requirement of funds for establishment of the 28 NVs is Rs 2359.82 crore spread over a period of five years from 2024-25 to 2028-29. This includes capital expenditure component of Rs 1944.19 crore and operational expenditure of Rs 415.63 crore.
2) Opening of 85 new Kendriya Vidyalayas (KVs) under Civil/Defence sector across the country and expansion of one existing KV i.e. KV Shivamogga, District Shivamogga, Karnataka to facilitate increased number of Central Government employees by adding two additional Sections in all the classes under the Kendriya Vidyalaya Scheme (Central Sector Scheme). The total estimated requirement of funds for establishment of the 85 new KVs and expansion of 1 existing nearby KV is Rs 5872.08 crore (approx.) spread over a period of eight years from 2025-26. This includes capital expenditure component of Rs 2862.71 crore (approx.) and operational expenditure of Rs 3009.37 crore (approx.).
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