You are here: Home » PTI Stories » National » News
Business Standard

HRD grants 'Institutions of Eminence' status to six public and private institutes

Press Trust of India  |  New Delhi 

The today granted "Institutions of Eminence" status to three public and three private institutes, enabling them to get full autonomy and special incentives to project them as "world class universities".

While the Human Resource Development (HRD) Ministry will grant Rs 1,000 crore funds to the three public institutions in the next five years, the private institutes, however, will not be eligible for government funding.

The government granted "Institutions of Eminence" (IoEs) status to IIT-Delhi, IIT-and the Bengaluru-based (IISc) in the public sector, and Manipal Academy of Higher Education, BITS Pillani and Institute by in the private sector.

The move is part of a scheme of the to select 20 IoEs 10 public and 10 private that will enjoy complete academic and administrative autonomy.

However, the (EEC) headed by former chief election N Gopalaswami picked six institutions that, according to the panel, showed the potential to find a place among top 500 of global rankings.

Unlike other institutions, IoEs will get greater autonomy to start new courses, admit foreign students, hire foreign faculty, and collaborate with foreign educational institutions without the need for government approval.

"The #InstituteofEminence are important for the country. We have 800 univ, but not a single university in top 100 or even 200 in the world ranking. Today's decision will help achieve this. Improving ranking needs sustained planning, complete freedom & public institutes getting public funding (sic)," tweeted.

"This decision is a landmark decision for following reasons -This was never thought off & tried; it is more than a graded autonomy, it is really a full autonomy to the institutes; the institutes can take their own decisions (sic)," he added.

The further stated, "While today's decision gives virtually full autonomy, it will also ensure that no student will be denied opportunity of with various measures like scholarships, interest waiver, fee waiver and ensure all equity principles."

"This will facilitate them to grow more rapidly and at the same time they will get more opportunity to scale up their operations with more skills and quality improvement so that they become world class Institutes," he added.

As many as 114 institutes had applied for the tag. These include 11 central universities, 27 institutes of national importance', top IITs and NITs, 27 state universities, 10 private universities, and four greenfield institutes.

Top corporates were also competing for the private institutes category with the applying for the Institution & Research in Maharshtra, for (Satya Bharti Foundation) in Delhi, and in Odisha. which has former RBI as its advisor, Indian School of Business, Hyderabad, in and of were among other applicants.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, July 09 2018. 16:10 IST