IITs to study plan to collect operational cost from students

IITs to study plan to collect operational cost from students

The Indian Institutes of Technology (IITs) will examine how the Human Resource Development (HRD) Ministry’s proposal to collect operational cost from students through tuition fee could be implemented with introduction of an easy loan for “needy students”.

For this, a committee of IIT directors was set up at a meeting of the council of the premier technical institutes held at IIT-Bombay on Tuesday. HRD Minister Smriti Irani presided the meeting.

“The committee of (IIT) directors would examine ways to enhance loans to students, and maintain and enhance scholarships to needy students, especially those from the SC/ST/economically weaker sections,” a Ministry official said. The Council also proposed providing “freeships” to differently-abled students on implementation HRD Ministry’s proposal.

The Council of the National Institutes of Technology (NITs) at its meeting recently decided to recover operational cost of education from the students through the tuition fee, accepting a new mechanism for central funding proposed by the HRD Ministry.

As the implementation of the Ministry’s proposal will result in hike of the tuition fee of the NITs from the current Rs 90,000, the Ministry assured that a scheme for providing 100 per cent loan with zero percent rate of interest would be introduced for the students to help them meet the increased cost of education.

Under the new funding mechanism adopted by the NIT council, the Centre will provide funds for expenditure on research, capital assets like laboratory and equipments as well as infrastructure development while the NITs will have to manage their “running expenditure” on their own collecting the cost from students.

The IIT council also discussed the demands of some of the 15 premier technical institutes to review the format of the entrance examination conducted in two parts-JEE-Main and JEE-Advance.

“It was decided that the system would be examined in depth by a group of eminent persons to determine whether it needed modification. Their recommendations would be provided by the first week of November 2015,” a Ministry official said.  
 

Liked the story?

  • 0

    Happy
  • 0

    Amused
  • 0

    Sad
  • 0

    Frustrated
  • 0

    Angry