Investment in Education

Investment in Education

S.G.Isave,Asst. Professor,Tilak College of Education, Pune-India

19/03/2012 [email protected] 2

Investment

Making financing expenditure in anticipation on more return.


Human Development Report, 1999

"The real wealth of a nation is its people. And the purpose of development is to create an enabling environment for people to enjoy long, healthy and creative lives. This simple but powerful truth is too often forgotten in the pursuit of material and financial wealth."


The World Conference on Higher Education, 1998

Higher education must "promote development of the whole person and train responsible, informed citizens, committed to working for a better society in the future".



Investment in education for human and physical resources.

Return expected is resourceful person.


Investment Sources

Public Private

Govt.

Education


Investment

Parents investment – Fee, Purchase etc. Public investment – Donations, Prizes Private investment – on every aspect of

an institution. Government investment – Grants,

Scholarships, Freeships, subsidies, concessions on land, electricity, water, taxes, welfare schemes etc.


Investment in Education Teaching

Curriculum

PTA

Policies

Prizes

Evaluation

Guidance

Building

T

echnology

Administration


Investment Sources

Government Invest funds collected by various

taxes. Main purpose is social welfare by constitutional obligations.

Central, State and Local Bodies.


Investment Sources

Private Invests own money. Main purpose is commercial profit. Collects capitation fees, donations from

students. One of the facility for employees. Industries, commercial organizations etc. are

private investors.


Investment Sources

CommunityCollects funds from specific community

for investment. Donations from community.Groups Based on Religion, Race, Caste,

Region, Language etc.NGOs.


Investment in Education Past – Ancient Era

Vaidic Period Kingdoms were investors in Education. Funds for investment were collected from public. Education was ‘Warna-based’. More investment on the education for ‘Brahmin’,

‘Kshatreeya’ and ‘Vaishya’ No investment for Shudra and Ati-Shudra and

women.


Investment in Education Past – Ancient Era

Renaissance Buddhism and Jainism started investment in

education for All. Maurya, Gupt, Chalyukya etc. emperor were

invested for common people including women. Art and Philosophy were on top in the era. Peace education, Religious conferences, Caves,

Sculptures, sheela-lekh, awards were various means of investment.


Investment in Education-Past – Medieval Era

Regional emperors like Moghul, Rajput, Maratha etc. invested education.

Funds were collected from public in the form of taxes.

Prominent investment was on war-commerce-religion-Art-Philosophy-linguistic-literature etc.


Investment in Education-Past -British Rule

Dawn of ‘Education for All’, ‘Free and compulsory education’

Most of investment by British government. Public investment was significant. Great Social Reformers like Mahatma Phule

motivated Public to invest in education. Royal Rajarshi Shahu Maharaj and Maharaj

Sayajirao Gaikwad also invest in education for society.


Investment in Education in Past-British Rule

Missionaries were invested money in education.

Religious groups were active in investment in education.

Political activists were also encouraging public to invest in education.


Investment in Education - Present

Government. Industries.Private Organizations.Communities.Non-Government Organizations.



Education arises is one of the successful industry.

Education has attracted the attention of business typhoons for investment.

Capitalists looks education as long term investment, slow but growing rate on profit.



Government’s will is being weaker to invest in Education. It has almost stopped investing in secondary and higher education.

Government invests mainly in Primary education.



Private investment is capturing from Pre-primary to higher education.

Various international boards provided better platform for investment e.g. IB, Oxford etc.

Private investment is Blooming in Metro cities on high rate.



English medium education has been successful to get attention of Parents.

Lots of investment in Professional Higher Education e.g. Medical, Engineering, Teacher-Education, Business Administration etc.


Investment in the Education-Future

Government investment would be lessoning.

Government already started policy of permanent basis non-granted education.

Private and Public investment will share more.


Investment in Education-Future

Due to more private investment education will become more expensive.

Govt also withdrawing investment in education which may create panic situation for lower and middle class people.

Donation will become qualification for admission and not a merit.



Socially and economical backward classes may betray from professional education.

Requirement of more seats in Higher education, will create competition in investment for great return.



Education will become more professional as an Industry.

Students will be high pay customer. Investors need to invest not only in

highly paid human resources but enriched infrastructure.


Investment in Education - Future

More foreign investment will be active in education.

Multinational companies may invest more.

E-learning, web based courses, on line courses, e-schools will arise on the horizon of investment in education.


Investment in Education - Future

Professional education will dominate whereas non-professional education like Arts, Philosophy, Language etc will seek for investment.



Every civilisations need education. Education is everlasting basic need of

human being. To make human kind more successful,

sustainable, kind, eco-friendly Education is essential.

For getting successful education adequate investment should be done.


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