UGC approves new norms for release of funds to universities - Hindustan Times
close_game
close_game

UGC approves new norms for release of funds to universities

Hindustan Times | By, New Delhi
Dec 27, 2011 09:26 PM IST

Getting funds for Indian Universities without getting clearance from the institution's executive council and mandatory accreditation would become difficult from the next financial year.

Getting funds for Indian Universities without getting clearance from the institution's executive council and mandatory accreditation would become difficult from the next financial year.

HT Image
HT Image

India's higher education regulator, the University Grants Commission, has altered the funding scheme for universities from April 2012, which is also mean commencement of the 12th five year plan.

HT launches Crick-it, a one stop destination to catch Cricket, anytime, anywhere. Explore now!

Instead of mandatory inspections, which often lead to delay in release of funds, the UGC will decide allocations for the entire plan period as soon as it receives the proposal cleared by the university's highest decision making body, the executive council.

If Physics department of Delhi University want money to upgrade its laboratory in the 12th plan, it will submit a proposal to the university, which will, then get it cleared first from board of studies, then academic council, followed by finance committee and finally, the executive council.

Once that is done, the UGC will allocate funds to the Physics department of Delhi University as per its total money allocation for the 12th plan. No one from the UGC will visit the department to evaluate the proposal.

"Discontinuation of sending expert committee to assess financial requirements will help the universities to prepare perspective plans in a more democratic manner," UGC chairperson Ved Prakash said.

As per the existing practice of more than four decades, the university used to submit a finance proposal to UGC, which then deputed a team of experts to conduct an inspection. Depending on remarks of the inspection report, decision on release of money was taken.

In cases of adverse reports the UGC used to get the inspection conducted again, resulting in delay in release of funds. There were also allegations of corruption in the entire system.

The UGC, as per the decision last week, stipulated new norms to monitor of utilization of the money given through self disclosures and participation of students and faculty.

Another related decision with disbursement of funds was mandatory accreditation. No funds will be released without accreditation from a recognized agency such as National Assessment and Accreditation Council (NAAC).

"Accreditation has been made must," Prakash said.

Are you a cricket buff? Participate in the HT Cricket Quiz daily and stand a chance to win an iPhone 15 & Boat Smartwatch. Click here to participate now.

Discover the complete story of India's general elections on our exclusive Elections Product! Access all the content absolutely free on the HT App. Download now!

Get latest news on Education, along with Board Exam, Competitive Exam, PSEB Result Live and Exam Result at Hindustan Times. Also get latest Job updates on Employment News
SHARE THIS ARTICLE ON
Share this article
  • ABOUT THE AUTHOR
    author-default-90x90

    Chetan Chauhan is National Affairs Editor. A journalist for over two decades, he has written extensively on social sector and politics with special focus on environment and political economy.

SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, April 19, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On