The Union education budget has seen an increase in monetary allocation every year and the enrolment rate across the country has also been largely moving upwards. It becomes important to scrutinise the education budget for 2014-15 to understand how the new government has approached the education sector, especially elementary and secondary education. This paper looks at four major schemes undertaken by the Government of India in the education sector,and identifies trends in state education budgets by analysing data for three sample states—Gujarat, Maharashtra and Rajasthan.