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    Educational Finance

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    A K
    The document discusses educational finance, outlining sources of funding such as governmental, organizational, private, and public sources. It explains principles of educational finance including efficiency, equity, flexibility, and national unity. Additionally, it examines agencies that finance education including central, state and local governments as well as parents and employers.

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    Educational Finance

    Uploaded by

    A K
    154 views15 pages
    The document discusses educational finance, outlining sources of funding such as governmental, organizational, private, and public sources. It explains principles of educational finance including efficiency, equity, flexibility, and national unity. Additionally, it examines agencies that finance education including central, state and local governments as well as parents and employers.

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    The document discusses educational finance, outlining sources of funding such as governmental, organizational, private, and public sources. It explains principles of educational finance including efficiency, equity, flexibility, and national unity. Additionally, it examines agencies that finance education including central, state and local governments as well as parents and employers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    154 views15 pages

    Educational Finance

    Uploaded by

    A K
    The document discusses educational finance, outlining sources of funding such as governmental, organizational, private, and public sources. It explains principles of educational finance including efficiency, equity, flexibility, and national unity. Additionally, it examines agencies that finance education including central, state and local governments as well as parents and employers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 15

    EDUCATIONAL FINANCE

    By Dr. MANISHA RANI


    Assistant professor
    Mahatma Gandhi central university
    Motihari ,Bihar
    INTRODUCTION

     Educational finance refers to governmental and


    organizational processes by which revenues are
    generated (through taxation, tuition, fees, and
    philanthropy), distributed, and expended for the
    operational and capital support of formal schooling.
    PRINCIPLES OF EDUCATIONAL FINANCE

    EFFICIENCY EQUITY FLEXIBILITY

    NATIONAL
    ETHICS
    UNITY
    Sources of Educational Finance

     External Sources- Aid, Loan,Others.


     Internal Sources-(i)Private sources - fees ,
    maintenance, others.
    (ii)Public sources-are of two types-
    (iia) Governmental sources-
    Central, State, UGC, NCERT and Financial Aid
    (iib) Quasi Governmental sources-
    Districts, Municipalities, Panchayat.
    FINANCING OFEDUCATION

    1]AGENCIES FINANCING EDUCATION


    It may be noted that the governments at all the three levels, (the central, the
    state, and local level), contribute to financing of education. With the passage
    of time, a complex inter-governmental system of taxation and revenue for
    the financing of education has evolved. No doubt, the system and its
    complexities vary from country to country. Broadly speaking, the rationale
    for financing of education by the governments may be grouped into four
    categories: a) manpower development, and b) promotion of social equity, c)
    promotion of productivity and economic growth, naton building, d) improving
    quality and efficiency of educational system.
    FINANCING OFEDUCATION

    2] FINANCING OF EDUCATION BY THE PARENTS


    We know that it is the parents who have always been the major investors
    in the education of their children. Given the new trend of reduction of
    public funding and privatization of education, particularly the higher
    education, the parents' share in financing of their children's education has
    increased and is bound to further increase substantially. The financing of
    children's education by the parents depends on:
    (a) financial resources of the parents,
    (b) willingness of the parents to make sacrifice for the future of their
    children,
    (c) educational background of the parents, and
    (d) parent's ability to distinctly 'foresee' the future.
    FINANCING OFEDUCATION

    3]FINANCING OF EDUCATION BY EMPLOYERS

    The employers may finance the (i) research and development (R & D), and
    (ii) the education/training of their employees. This they may do for the
    reasons such as
    (a)the expected benefits, i.e., if in their own opinion they think that it will pay
    them to do so,
    (b) their ambitious character that may make them aiming at leading the race,
    pioneering the new art production and management, and
    (c) their philanthropic nature and benevolence which may make them to take
    a generous interest in the education and the well-being of their employees.
    Core Areas of Educational Finance

    School
    conditions
    and resources

    Fiscal control Education


    and capacity spending

    Allocation Revenue
    mechanisms sources
    Policy Goals of Educational Finance

    Ensuring Adequacy

    Performing Efficiently

    Promoting Equity
    Continued…..

    Adequacy

     Basic educational inputs


     Adequate current spending levels
     Responsive long term spending levels
    Continued…..

    Efficiency
     Accountability in funding use
     Public sector capacity for education finance policy‐making

    Equity
     Progressive variation in spending per student
     Manageable household payments for schooling
    POLICIES OF EDUCATIONAL FINANCING IN
    OTHER COUNTRIES
     The policies of educational financing in India can be
    contrasted with the approaches of other countries in
    two major respects:
    (i) The public education sector spending as a
    proportion of GNP; and
    (ii) Earmarking of funds for education.
    EFFECT –MICRO

    INCREASED EARNINGS
    OF INDIVIDUALS BETTER HEALTH
    CARE

    HIGHER
    EDUCATION

    AVAILABILITY OF AWARNESS OF JOB


    WORK FORCE IN OPPRTUNITIES
    DIFFERENT FILEDS
    EFFECT –MACRO

    EDUCATED WORK
    FORCE

    ECONOMIC
    HIGHER
    GROWTH
    EDUCATION

    ECONOMIC
    DEVELOPMENT
    References-

     https://www.oxfordbibliographies.com/view/document/
    obo-9780199756810/obo-9780199756810-0012.xml
     http://egyankosh.ac.in/bitstream/123456789/8307/1/U
    nit-4.pdf
     http://archive.mu.ac.in/myweb_test/ma%20edu/M[1].A
    ._EDU_ECONOMICS_OF_EDU.Final_1_2011-12.pdf
     file:///C:/Users/hp/Downloads/Education%20Finance
    %20-%20World%20Bank%20(2).pdf
     http://www.egyankosh.ac.in/bitstream/123456789/232
    67/1/Unit-16.pdf

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