Financial Support

1. Introduction

At present the biggest challenge before the nation is to meet the diametrically opposite demands of quality education and an increasing number of students aspiring for higher education. The need for both quality and quantity in higher education demands better academic and physical infrastructure, greater financial resources and an increasing number of educational institutions. To match this increased demand and with the advent of a conducive socio-political environment, new universities are being established every year. These new universities also need to develop their infrastructure, which requires substantial funding; a new university is normally devoid of such infrastructure at the time of its establishment. Therefore, one of the thrust areas identified by the UGC during the X Plan is to strengthen these newly created universities by providing them additional grant.

6. Procedure for Selection by the UGC

Proposals received in the prescribed format only (completed in all respects) from eligible universities will be processed and examined based on the information provided. Thereafter selected universities will be invited to give a presentation before an expert committee. Based on the recommendations of the expert committee, admissible grant will be approved, before 31^st December of each year.

• 1^st installment 50% of the allocated grant with the letter of approval/sanction
  
  

• 2^nd installment 40% of the grant on submission of 100% utilisation of the 1^st installment with detailed statement of expenditure along with progress report of the building project/s undertaken, if any.