The senate and syndicate of Guru Nanak Dev University (GNDU) approved the budget estimates of Rs 338.34 crore for 2015-16 with a deficit of Rs 76.56 crore.
The university would receive a maintenance grant of Rs 35.54 crore from the Punjab government, while Rs 171.51 crore would be raised by the university from its own sources.
Vice-chancellor AS Brar informed the house that the university would try to meet the deficit by controlling expenditure.
It was mentioned that this year also, no financial burden would be imposed on students. The V-C said the university had not hiked the fee for the past three years. "The fee structure will remain the same this year too," he said.
The V-C said of the total budget, 52.34% would be spent on teaching, applied teaching, research form of scholarships. Special and improvement of education. The university would spend Rs 5.8 crore to help the economically weak and bright students in 2015-16.
"Rs 16.58 lakh were spent in helping disabled students in the scholarships and facilities in terms of money were also provided to sportspersons and srtists to encourage them. A total of 150 fulltime non-NET PhD scholars are being given Rs 8,000 per month under the UPE scheme," said Brar.
The V-C said the tuition fee and funds for admission (2015-16) in professional courses of rural campuses of Guru Nanak Dev University would be reduced by 30%. "This will be applicable to Guru Nanak Dev University regional campuses at Sathiala, Fattu Dhinga, and Sultanpur Lodhi for the students of first semester of academic session 2015-16," he said.
He said from the 2015-16 academic year, a chair on the Ghadar Movement would be established for the period of five years to study the contribution of freedom fighters. Brar said the university would also start a new department of tourism and hospitality.