UGC announces new funding norms for Universities

The University Grants Commission has changed the norms for
approving funds for Indian Universities. The higher education regulator has
decided to do away with the inspection mode which often leads to delay in the
release of funds.

As per the new norms, any institution which applies for UGC
grant should get nod on the proposal by the institution’s executive council
(highest decision making body) as well as mandatory accreditation granted by
recognized agency like National Assessment and Accreditation Council (NAAC).

UGC chairperson Ved Prakash clearly stated that no funds
will be released if the concerned institution is not accredited, “Accreditation
has been made must.”

Once that is done, the UGC will allocate funds as per its
total money allocation for the 12th plan. No one from the UGC will visit the
institution to evaluate the proposal.

“Discontinuation of sending expert committee to assess
financial requirements will help the universities to prepare perspective plans
in a more democratic manner,” Prakash said.

The utilization of the funds would be tracked through self
disclosures and participation of students and faculty.

[Source: Hindustan Times]



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