PU to execute third party guarantee for student loans | chandigarh | Hindustan Times
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PU to execute third party guarantee for student loans

The Panjab University (PU) Syndicate on Saturday decided to execute the third party guarantee to nationalised banks for the grant of personal loans to University Grants Commission (UGC) research scholars.

chandigarh Updated: Nov 23, 2014 15:52 IST
HT Correspondent

The Panjab University (PU) Syndicate on Saturday decided to execute the third party guarantee to nationalised banks for the grant of personal loans to University Grants Commission (UGC) research scholars.


PU will provide the guarantee for a loan amount equal to 80% of the fellowship amount.

The research scholar can secure a personal loan from any bank. Dalip Kumar, member of the syndicate, urged PU vice-chancellor Professor AK Grover to make efforts to reduce the rate of interest, which currently is 13% of the loan amount.

In another important decision, the syndicate approved the proposal for the appointment of international co-supervisors for PhD candidates of the university, provided the co-supervisors belong to a/an international research centre/universities (department of science and technology approved institution).

The syndicate also approved the new guidelines for admissions, under the reserved category of sports to MBA programmes, MCom (honours) and to other teaching departments of PU campus/PU regional centres for the academic year 2015-16.

The directorate of sports, PU, shall take an undertaking from the students that they would be present on the PU grounds regularly and have 75% attendance in the sports ground.

In the undertaking, they should also mention that they will participate in inter-college, inter-university, national and international sports tournaments. The concerned chairperson will have to certify that the student has a 75% attendance in the ground before issuing role numbers to students belonging to the sports category.

The syndicate also approved the extension of the validity date of advertisement for various teaching posts. It also analysed the reports of examiners on the theses of PhD students and approved the award of the degree of doctor of Philosophy (PhD) to them. The syndicate also constituted separate committees under senior syndicate member GK Chatrath for taking a decision on the issue of pay protection and renovation of the residence allotted to the newly appointed registrar.

PU had earmarked a budget of `11 lakh for renovating the house allotted to the registrar. Syndicate member Ashok Goyal said: “With PU allocating a budget of `11 lakh for renovating the registrar’s house, an impression has been created that a special treatment is being meted out to him.” Goyal said if PU went ahead with its decision to spend `11 lakh on the renovation, then the same amount should be spent on renovating the official residences of senior PU officials.