Reeling under financial crunch and failing to pay the salaries and pension to the staff in time, Punjabi University is exploring the options of taking loan for tiding over the crises.
Last month, the university had paid the pension by taking loan of Rs 8 crore and now it is again exploring option for more loans.
Nearly 650 plus faculty members, 200 research scholars, and more than 3,000 employees of the university are waiting for their salaries to be paid.
Though the authorities are tightlipped over the financial mess, they have blamed the delay in release of grants from the state government that has added to financial woes of the university.
University registrar AS Chawala said there were slim chances of salaries being paid in the next few days. “We will ask the faculty members to work unpaid for a month. As by next month, the university will be able to generate some resources through fees of the students which might help in paying the pending salaries”, Chawala said.
Also, the university might get funds from the government in next few days, he hoped.
However, university faculty members have little hope that even in the following month they would get their salaries.
With hardly any motivation to continue, the faculty members are criticising the university authorities and government for the present financial crisis.
“The state government's resolve to facilitate quality higher education and ensure welfare of the faculty members seemed to be on back foot. University authorities are also keeping the staff in dark over the financial situation. There must be some embezzlement or diversion of funds, otherwise such a situation could not have arisen,” said a teacher requesting anonymity.