To give impetus to research and motivate students to pursue higher studies, the Indian Institute of Technology (IIT) Council has proposed a monthly Rs 75,000 scholarship for select students who are innovative researchers.
The IITs will also make short and long-term plans to raise the standards of premium institutes within the next three to four months. Education minister Prakash Javadekar, who heads the council, also announced that the Centre will raise Rs 20,000 crore for the Higher Education Finance Agency (HEFA) in three years through debt instruments. The money will be used to fund research infrastructure in premier institutes.
The government, had said in September last year that HEFA would finance the civil and lab infrastructure projects through a 10-year loan.
Javadekar said that these measures will help IITs improve their international rankings and will make them more beneficial to students.
