The Ministry of Human Resource Development on Monday announced six of the 20 Institutes of Eminence which will receive grant of Rs 1000 cr in next five years to scale up their operations with more skills and quality improvement so that they become world class Institutes.
HRD Minister Prakash Javadekar on Twitter shared this information. "The #Institute of Eminence 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."
Javadekar released list of six institutes--3 in public and 3 in private sector, which have been accorded the status of Institution of Eminence by the Government. The three institutes which have been granted the status in the public sector are--IIT Delhi, IIT Bombay and IISc Bangalore. While Manipal Academy of Higher Education, BITS Pilani and Jio Institute have been granted the status of Institution of Eminence tag in private sector.
These institutes will receive government grant of Rs. 1000 crore in next five years.
"While today's decision gives virtually full autonomy, it will also ensure that no student will be denied opportunity of education with various measures like scholarships, interest waiver, fee waiver and ensure all equity principles.
"Improving ranking needs sustained planning, complete freedom & public institutes getting public funding. This is the commitment of @narendramodi govt to not to interfere but to allow institute to grow the way they should grow," the HRD Minister stated. (UNI)