Which British Act first made it compulsory to set aside a specific amount of funds for the development of education in India?
Charter Act, 1813
The Charter Act of 1813 renewed the East India Company's charter for 20 years and ended its trade monopoly in India (except for tea and trade with China).
For the first time, it directed the Company to set aside a sum of not less than ₹1 lakh every year for the revival and promotion of literature and the encouragement of learned natives, and for introducing knowledge of the sciences in India – the first statutory allotment of funds for education.
The Regulating Act, 1773 created the post of Governor-General of Bengal and set up the Supreme Court at Calcutta; it made no grant for education.
The Charter Act, 1853 separated the legislative and executive functions of the Governor-General's Council and introduced open competition for the civil services.
The Indian Councils Act, 1892 enlarged the legislative councils, allowed discussion of the budget and introduced indirect election in a limited form.
Hence, the answer is Charter Act, 1813.
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