A total of 100 higher learning institutions have applied for their upgradation as 'Institutions of Eminence Deemed to be Universities' - a new category created for this purpose - with the Human Resource Development (HRD) Ministry, an official statement said on Tuesday.
The applications were invited by the ministry in September and the 90 days duration ended on Tuesday.
"Overall 100 applications have been received -- under the public sector, 10 Central Universities, 25 state universities, six Deemed to be Universities, 20 Institutions of National Importance and six 'stand alone' institutions have applied.
"Under private sector, nine private universities and 16 Deemed to be Universities have applied in brownfield category and eight Institutions have applied in greenfield category," said the statement.
The exercise is undertaken for establishing 20 world class institutes - 10 public and 10 private - in the country in next 10 years. The ministry will provide financial assistance of up to Rs 1,000 crore or 50-75 per cent of the "requirement projected in the detailed plans" to each such centre of learning over a period of five years after the selection.
The names will be finalised on the recommendations of an Empowered Expert Committee which is likely to do this by March 2018.
The selected institutes will be, among other things, free to hire and admit foreign faculty and foreign students up to a certain limit, create their curriculum with no obligation to follow UGC's prescribed structure, determine their own fees structure and enjoy flexibility in academic collaborations with foreign universities.
"All lovers of education will welcome this development. This is how World Class Universities were built in various countries. The same thing will happen in India," HRD Minister Prakash Javadekar said, according to the statement.
--IANS
vn/vd
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
