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Centre to grant funds for 10 higher edu institutions in India: HRD

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New Delhi: The Centre is contemplating to shortlist 10 higher education institutes in India and will be funding them with the next four years. The institutions with potential will be identified and provided with funds inorder to find place in the top 100 on global academic rankings like QS and Times like neighbours China and South Korea.

Around 8-10 institutes of high academic standing, which are currently among the top 500 institutes in global academic rankings have already been listed out by the human resource development (HRD) ministry.

According to TOI reports, " The proposed 10 institutes will be granted funds - ranging from Rs 100-500 crore for the next 3-4 years so that they can create world class research infrastructure and laboratories. "

The end target is getting Indian institutes among global top 100.

10 edu institutions in India to receive funds: HRD

Educational institutes which are identified to receive fund include Indian Institute of Science, Bangalore and some of top ranking IITs.

"Based on the rankings and performance of Indian institutes from 2013, 2014 and 2015, we have identified 8-10 institutes that are among the top 500 in the rankings and are consistently improving their performance over the years."

These are likely to include IIT Delhi, IIT Bombay, IIT Kanpur, IIT Kharagpur, IIT Madras, IIT Roorkee, IIT Guwahati and Indian Institute of Science and Bangalore. The idea is to incentivise institutes that perform well enough to compete at the global level. Institutes have sought funds around Rs 300-500 crore, the proposal is being examined to assess how much money can be granted," a senior official from the HRD ministry told on condition of anonymity.

Institutes have sought funds around Rs 300-500 crore, the proposal is being examined to assess how much money can be granted," a senior official from the HRD ministry told ETon condition of anonymity.

Not a single Indian institute was listed among the top 100 or top 200 on international rankings but this year when IIT Delhi and IISc Bangalore finally registered their presence among top 200 on the QS rankings, neighbours China and South Korea have quite a few institutes among the top 50.

Both countries apart from Singapore have invested considerably with funding and policy support to ensure a major quality upgrade in its higher education sector.

The Modi government has taken the cue and the Centre is preparing to pump in substantial funds in 10 top Indian institutes so that they can climb up the tally.

The Smriti Irani-led ministry is moving the plan as a key part of its budget proposal.

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