New Delhi: The Right to Education (RTE) Act, which is all set to be functional from April 1, 2010, has confronted a financial deficit of Rs 7000 Crore (Rs 70 billion). The information has been revealed by a senior official of the Human Resource Development (HRD) Ministry. According to the Right to Education (RTE) Act, all students will be imparted free and compulsory education up to Class 8. Currently, Rs 15000 Crore (Rs 150 billion) has been sanctioned to the Ministry for implementing the Act.
The senior official disclosed that for a term of five years, the proposal will require Rs 34000 crore (Rs 340 billion) every year and as per the current funding pattern, in order to implement the scheme, only Rs 27000 crore (Rs 270 billion), which is at least Rs 7000 crore (Rs 70 billion) short to its target is allotted to the Act. Each and every state including Orissa and Bihar are concerned over the fiscal deficit.
The Act was formulated with an intention of imparting free and compulsory quality education for all students aged between 6-14 years, to ensure seats in private schools, and to de-monopolize the admission procedure in schools. The Act, for sure, is beneficial for students, who belong to the underprivileged sections of society.
The statistics reveals that at present, 8.1 million eligible students in the age group of 6-14 are not privileged to study in school. The RTE Act focuses to expose such students to class room teaching.
