Budget Required to Start a School in India
Getting quality education is the need of the day. With the ever-growing population of India, the necessity of the right school, which gives quality education, has risen. In India, the education system includes both government and private education. Amongst these, most of the parents prefer to enroll their children in private schools as the quality of the school is far more superior to the government schools. If you observe the locality you live in over the years, there may be an increase in the number of private schools. Starting a school is a lengthy process that has to be dealt with patiently as it takes a couple of years if one has to start a new school in India.
Procedure for Starting a School
- Registration: Before getting into the budget, it is necessary to get the business plan ready for the school. The school business in India requires one to get registered under the Societies Registration Act 1860.
- Purchase of Land: The concerned party should obtain a NOC from the state department of Education for building an educational institution on the land available. The investor will also need an Essentiality Certificate (EC). EC is a certificate which gives the requirement for the particular zone where the school is going to be.
- Recognition and Affiliation: The school needs to be recognized for the various levels of Education it will be providing. The Municipal Corporation usually does recognition up to standard V. If the school has to be upgraded to standard VIII, then it will be recognized by the Directorate of Education (DoE). After getting recognized, the school needs to get the affiliation for the kind of board; they are going for like CBSE, IB, ICSE or t" "
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