In a sigh of relief for Panjab University (PU), the Ministry of Human Resource Development (MHRD) has finally started the process of releasing the grants for the university.
PU vice-chancellor (V-C) Prof Arun Kumar Grover on Thursday confirmed that the ministry had already initiated the process of releasing 25% of PU’s entire grant.
“It (grant) may be released soon. Even before the October 21 meeting, they (MHRD) had already started the process of releasing 25% of our grants which comes around to `50 crore,” Grover said.
He added that last year before September 30, the university had central grants worth `143 crore. “That is why we were seeking `150 crore from them as the first instalment this year,” he said.
The process of releasing grants for PU started after a fact finding committee of University Grants Commission (UGC) became satisfied with the replies filed by the PU. On Wednesday, a team of PU officials had attended the meeting called by the UGC fact finding committee.
“The meeting held in Delhi went positively. We are hopeful that the first instalment of the grant will be received very soon,” said DPR Vineet Punia.
MHRD had formed the fact finding committee after a complaint by the Akhil Bharatiya Vidyarthi Parishad (ABVP) alleging irregularity in the university’s handling of funds. PU’s grants have been held up since.
The committee had asked the university to submit its accounts by merging the income for sports and hostel funds in the revised format in the budget. The university cooperated with the submission of revised budget estimates. PU was also asked to start double entry system which has also been cleared by senate. The deficit recorded this year is `278.55 crore.