How to setup a budget for Starting a New School?


Posted January 15, 2020 by educareindia

As technology has evolved, it’s drastically changed the way we do things in every walk of life, including education.

 
Chalkboards are being replaced by interactive whiteboards and teachers can now send out homework lessons and progress reports via email. There are so many technology options out there that it takes some mindful consideration to make sure you choose the best tech for your needs. Just because something can be done differently using electronic gadgets, doesn’t always mean it’s a good expense for your school’s technology budget.

Educare India Advisory works with educators to help them make the best decisions that will give them a positive return on their Educational investment and increase efficiency. Setting up a school in India broadly depends on the extent of land/building, nature of accommodation, capacity and educational infrastructure required to start a CBSE or ICSE or IGCSE/Cambridge or IB or International school. It may cost a couple of crores to start a school in India and may vary by the school location, local procurement prices and cost of resources involved in the new school project.

Cost Estimation in India
If you are planning to start a pre-nursery school then cost will be quite less. For a good structure affiliated school, startup cost estimation is quite huge. Prepare a large amount of money to start a school and it can increase further based on the place of operation, living standard, etc. Setting up a standard school will have its own implications like money spent on arranging furniture, gadgets, electronics, computer, maintenance, and other requirements.

The government has issued a circular making it mandatory for management planning to open private schools to own a minimum of two acres of land in rural areas, one-and-half acres in town municipality and panchayat jurisdictions, and at least one acre in the corporation area.

According to the circular, Rs. 1 lakh is the minimum safe deposit for primary schools, Rs. 2 lakh for Kannada-medium higher primary schools, Rs. 5 lakhs for English primary school, Rs. 3 lakh for higher primary school and Rs. 10 lakhs for English-medium higher primary school. The deposits should be kept in a joint account of the government and the school management.

Registration Fee
The department has also modified the registration and procession fee for schools. As per the modified rate, Rs. 25,000 is the registration fee for pre-primary schools and Rs. 10,000 is the processing fee. Schools that run classes 1 to 5 will have to pay a registration fee of Rs 25, 000 and processing fee of Rs. 10,000.
If you are looking for expert consultancy or any kind of help on the land requirements to start a CBSE School in India, please contact us / leave us a comment or message below. Educare India’s expert team would answer you with pleasure.

School Information Initiative by Educare India Advisory - https://www.indiaeducare.com/

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Issued By Educare India Advisory
Country India
Categories Education
Tags budgetforschools , budgetforstartinganewschool , essentialfacilitiesforstudents , howtogetcbseaffiliationinindia , howtostartcbseschool , howtostartinternationalschoolinindia , procedureforopeningcbseschool , settingbudgetforschools
Last Updated January 15, 2020