Union Budget 2016-17 has clearly come out with greater focus on quality of higher education in the country. Handful of new schemes, both for Higher Education and Skill Development, testify government’s commitment towards leveraging the demographic dividend of this country. With a meager increase of 1368 crores in school education budget, one may conclude that school education has received lesser attention in terms of new budgetary provisions or schemes in Budget 2016-17.