Union Budget 2025: FM Sitharaman announces ₹500 crore AI centre of excellence in education – Crypto News – Crypto News
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Union Budget 2025: FM Sitharaman announces ₹500 crore AI centre of excellence in education Union Budget 2025: FM Sitharaman announces ₹500 crore AI centre of excellence in education

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Union Budget 2025: FM Sitharaman announces ₹500 crore AI centre of excellence in education – Crypto News

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Finance Minister Nirmala Sitharaman has announced a setup of new centre of excellence in artificial intelligence for education in the Union Budget 2025.

Speaking during her budget speech, Sitharaman said, “I had announced three centres of excellence in artificial intelligence for agriculture, health and sustainable cities in 2023. Now, a centre of excellence in artificial intelligence for education will be setup with a total outlay of ₹500 crore.

Just a day earlier, in the Economic Survey, the Finance Minister had highlighted the importance of incorporating artificial intelligence and machine learning in higher education to improve learning outcomes and employability.

In addition to building an AI centre of excellence, the Indian government had recently announced plans to enter the global AI race by developing basic AI models similar to DeepSeek’s R1 and OpenAI’s ChatGPT.

“The foundational models made in India will be able to compete with the best of the best in the world… With algorithmic efficiency, we can create these models in a much shorter time frame. We will have a world-class foundational AI model in just a few months.” Union electronics and information technology minister Ashwini Vaishnaw said at a press briefing on Thursday.

FM proposes increasing capacity of IITs, medical colleges:

FM Sitharaman also noted that the capacity of IITs has increased by 100% in the last 10 years and that an additional 6,500 students will be accommodated in IITs established after 2014 in the coming year.

“The capacity of IITs will be expanded. The total number of students in the 23 IITs has increased by 100%, from 65,000 to 1.35 lakh in the past 10 years. Additional infrastructure will be created in the five IITs established after 2014 to accommodate 6,500 more students. The hostel and other infrastructure capacity at IIT Patna will also be expanded….” Sitharaman added.

The Finance Minister also announced the government’s intention to create an additional 10,000 seats in medical colleges and hospitals in the coming year, with the aim of creating an additional 75,000 seats over the next five years.

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