NEW DELHI: Giving a big boost to education sector, Finance Minister Nirmala Sitharaman announced an allocation of Rs 99,300 crore for the education sector and Rs 3000 crore for skill development in her 2020-2021 Union Budget speech on Saturday.

She said the government would introduce foreign direct investment (FDI) in the sector.

Nirmala Sitharaman said the Centre would announce a new education policy soon, and announced a degree-level full-fledged online education programme to be offered by institutes ranked in the top 100 by the National Institutional Ranking Framework.