In an attempt to improve the global rankings, the Centre has decided to dole out Rs 20,000 crore to 20 state-run and private educational institutions across the country. The government plans to give out the sum of money over the next five years to propel them to get into the top 100 institutions across the world.
According to the reports, each institute will receive Rs 1,000 crore from the ministry of human resource development (HRD). Addressing students and faculty members during the 67th Foundation Day of IIT Kharagpur, higher education department secretary Kewal Kumar Sharma said, “Institutions will have to write to the ministry for availing the financial aid. You can ask for it too.”
HRD minister Prakash Javadekar had also said that the Modi government has been making efforts to reform the education sector in India. He said, “India will achieve international rankings in the next 10 years.”
Sharma also said that the HRD ministry has also decided to give out a monthly allowance of Rs 70,000 to every research fellow, who is covered under the Prime Minister Research Fellowship programme. The IIT Kharagpur students, however, said that the research fellows currently receive around Rs 25,000 a month. “This is a very good scheme. It will help research projects and the nation in the long run,” said IIT Kharagpur director Partha Pratim Chakrabarti, HT reported.
In June, not a single institute had appeared in the top 100 list of the Times Higher Education (THE) World Reputation Rankings.