Financial Support

1. Introduction

The role of higher education in national development is well established. Higher Education in India has expanded very rapidly in the last five decades after Independence and has emerged probably as one of the largest education systems in the world.

With the rapid expansion of knowledge and the unprecedented scientific and technological progress, the universities are finding it difficult to keep pace with the changing need of society due to the inadequacy of financial resources, especially since the Government of India considerably reduced its funding followed by the State Government. The matter regarding financing of universities is a matter of great concern and is being discussed at various platforms. It is increasingly being realised that the large system of higher education like ours cannot depend only on the resources made available by the Government (Centre or State) it would have to continue to be supported by the public also.

India has a great heritage of patronage of education by philanthropists. A number of institutions of higher learning came into existence during the pre-Independence period on the initiative of private individuals and voluntary organisations. This culture, however, experienced a decline in post independence era and financial support to educational institutions is considered in general a responsibility of the Government. In order to revive our tradition to support higher education, and to encourage the participation of society in the development of universities, the Commission evolved a scheme entitled "Incentives for Resource Mobilization".

• To encourage universities to mobilize resources by participation/contribution of society in their development;

• To evolve a process for the participation of society in university development;

• To encourage and enhance the flow of resources coming from the society for university development;

• To encourage university to provide consultancy ON PAYMENT BASIS not only to the industries but to the government, and other bodies and society at large on vital issues of national importance; and

• To provide incentives to the universities which involve society in their development activities.

• Central Universities.

• Universities which are included under Section 12 (B) of the UGC Act and are receiving UGC plan or non-plan grants.

• Institutions deemed to be universities under Section 3 of the UGC Act and are receiving plan and/or non-plan grants from the UGC.

• Inter-University Centres established under Section 12(ccc) of the UGC Act.

4.1

The university may create a corpus with mobilized funds under the scheme or may utilise on the following items, identified for participation of society:-

1. Construction of buildings (class rooms, laboratories, students hostels, clinics, etc.)
   
   
2. Renovation of existing old building;
   
   
3. Purchase of equipment;
   
   
4. Student/staff amenities (Canteen, Playgrounds, Gymnasium etc.)
   
   
5. Purchase of books and journals.
   
   
6. Development of corpus for institution's activities;
   
   
7. Development of corpus for student scholarships;
   
   
8. Development of extension activities, seminars/workshops, research through direct funding of projects or the development of a corpus;
   
   
9. Establishment of Chairs;
   
   
10. Innovative and academic programmes including research and extension work.

4.2

The contribution of the UGC will be upto the extent of 25 per cent of the contribution received by the university, subject to a maximum of Rs.25.00 lakh /Annum . Matching share of the UGC, over and above Rs.25.00 lakh / Annum may be considered only if there is availability of funds under this scheme. However, this can be done only after exhausting all the pending proposals.

On submission of all required documents the proposal will be processed in this office and forwarded for the consideration of higher authorities. The decision taken in this regard will be communicated to the university concerned.