5.2.11 Total Financial Requirements using norm based recurring expenditure estimates. The estimates, based on norm-based requirements for recurring costs are presented in Tables 7.A4-5, 8.B4-5 and 9.C4-5. These show that the total additional outlay required for achieving the enrolment targets will increase from about Rs 6014 crores to Rs. 28,359 crores over the Plan period. As a percentage of GDP, the total outlay on higher education will increase from 0.95% to 1.14 %. The financial requirements based on SES enrolment data but with some share attributed to private education is quite similar. The financial requirements with Census based enrolments are higher (0.95 percent of GDP in the first year and 1.53 percent of GDP in the fifth year).
5.2.12 Total Financial Requirements using mark-up based recurring expenditure estimates.The estimates, based on a mark-up over existing recurring costs are presented in Tables 7.A2-3, 8.B2-3 and 9.C2-3. These show that the total additional outlay required for achieving the enrolment targets will increase from about Rs 4585 crores to Rs. 16,500 crores over the Plan period. The total additional outlay which will be required over the 11th Plan period will be Rs 54,222 crores. As a percentage of GDP, the total outlay on higher education will increase from 0.62% to 0.85 %. The additional outlay required will increase from 0.16 percent in the first year of the Plan to 0.42 percent in the final year. The financial requirements based on SES enrolment data but with some share attributed to private education is quite similar. Census based enrolments, being higher, lend themselves to higher financial requirements (0.88 percent of GDP in the first year and 1.14 percent of GDP in the second year).
