The Role of the Reserve Bank of India in Shaping the Indian Higher Education System

Authors: Assistant Professor Dr Mukesh Kumar, Assistant Professor Anuj Verma

Abstract: The Reserve Bank of India (RBI) plays a vital role in strengthening the education system through its strategic involvement with the banking sector. Understanding the critical link between education, economic development, and overall living standards, the RBI has been instrumental in shaping policies that support education financing through the banking system. In India, the student-to-teacher ratio remains a challenge when compared to many other nations, underscoring the need for more qualified educators to manage classrooms effectively. To address this issue, there is a growing need to recruit competent teachers and invest in their professional development. Moreover, it might be worth exploring solutions from other countries, such as offering part-time teaching opportunities for students in technical and higher education. This approach could help alleviate the pressure on teachers while also providing students with a means to partially finance their education.