The primary goal of educational finance is to ensure that educational institutions have the necessary financial resources to provide quality education to students.

Local Government Grants are not a source of educational funding in India. The primary sources of educational funding in India are Central Government Grants, State Government Grants, and Private Donations.

The Right to Education Act, 2009 is an act that provides free and compulsory education to all children between the ages of 6 and 14. It is a landmark legislation that has significantly improved access to education in India.

Transparency in educational finance is important because it promotes accountability, prevents corruption, ensures efficient and effective use of funds, and builds public trust in the education system.

Transparency in educational finance does not increase the cost of education. In fact, it can help to reduce costs by promoting efficiency and preventing corruption.

The CAG is responsible for auditing the accounts of educational institutions, ensuring compliance with financial regulations, and investigating cases of financial irregularities.

The PFMS is an online platform that allows the government to track and manage its funds, including those allocated for education.

Budgeting is important in educational finance because it helps to ensure that educational institutions have the resources they need, promotes transparency and accountability, and helps to prioritize educational spending.

The MHRD is responsible for formulating and implementing educational policies and programs, allocating and managing educational funds, and monitoring the performance of educational institutions.

The State Education Departments are responsible for implementing educational policies and programs at the state level, allocating and managing educational funds at the state level, and monitoring the performance of educational institutions at the state level.

The DEOs are responsible for implementing educational policies and programs at the district level, allocating and managing educational funds at the district level, and monitoring the performance of educational institutions at the district level.

The SMCs are responsible for overseeing the financial management of schools, approving the school budget, and monitoring the school's financial transactions.

The PTAs are responsible for providing financial assistance to schools, raising funds for school improvement projects, and monitoring the school's financial transactions.

The challenges to educational finance in India include inadequate funding, inequitable distribution of funds, and corruption and mismanagement.

The strategies to improve educational finance in India include increasing government funding for education, improving the efficiency and effectiveness of educational spending, and promoting transparency and accountability in the use of educational funds.