Union Ministry for Human Resource and Development has
finalized a budget worth of Rs. 80, 000 crores to revitalize the higher
education sector in India. The sum would be utilized to improve access to
colleges and universities. It is the biggest ever allocation for higher
HRD Minister Kapil Sibal has said that 200 new universities
and a degree college in each district of India will be opened in the next five
years. In addition to new institutions, many of the existing colleges will be
upgraded either into universities or autonomous colleges having powers to award
degrees. The aim is to increase the gross enrollment ratio (GER), from present
around 17% to 30% by the year 2020.
“We have asked for Rs. 20,000 crore for opening new
universities in the 12th plan,” he said.
Out of the Rs. 80, 000 crores, a large amount will be
awarded to state governments to improve higher education in rural areas. The
Central government share in higher education funding to the states will also be
As of now, the Centre shares just 35% of the cost of
starting a new higher education institution. In the 12th plan (2012-17), Sibal
said, the government proposes to increase the Central share to 65% and 90% for
the north-eastern states.
This, according to the ministry, will give an incentive to
the state governments to submit proposals for starting new higher education
The HRD ministry believes that its new national vocational
education framework that allows bachelors degree in vocational education
streams will help in increasing the gross enrollment ratio.
[Source: Hindustan Times]