University Grants Commission (UGC) has selected top 15 universities across the country to grant Rs 110 crore to each university as a part of University of Excellence (UE) scheme.
Madras University has also been selected for grant and is vying to get grant from UGC.
UGC would select universities based on certain parameters and benchmarks.
Madras University has been working on herbal science and similarly the other 14 universities have their respective areas of expertise.
"Madras University has been selected twice for the University with Potential for Excellence scheme and applying for the third cycle, and the scheme allows for three such entries. If it delivers on its thrust area and show how the research has given back to society it may be selected," said Professor H. Devaraj, vice-chairman, UGC.
The universities selected for UE scheme include Mumbai University, Calcutta University, Osmania University, Banaras Hindu University, Pune University, Mysore University and Karnataka University.
As a per of the 12th Five-Year plan, institutions which were selected as Universities with Potential of Excellence received Rs. 60 crore.
UGC also plans to enhance the autonomous institutions across the country.
A total of 451 autonomous institutions are present in India, out of which 144 are from Tamil Nadu alone.