Delhi University has introduced a new alumni endowment fund. The university aims to provide funds of Rs. 1000 crore which will be raised by the government in the next 5 successive years. The funds received will help the University to take initiatives for academics. It includes developing new institutions in fields where there is a gap in the University. Institution of Eminence (IoE) was granted to Delhi University by the Government of India. IoE allows universities to receive a fund of Rs. 1000 crore from the Government. The grant is offered through the support of alumni.
Also Read: Delhi University Admission Process 2020
Features of the fund are listed below:
- Tax exemption of 100%
- There is no restriction on the amount of contribution
- Alumni can contribute. Family, relatives, friends, and relatives can also contribute. One who donates funds can choose the area in which he/ she wants to make a contribution.
- 50% of funds raised will be utilised for girl students.
- Information related to funding utilisation can be found on the university website.
- Regular auditing will be done by the Controller and Auditor General of India to check the utilisation of funds.
Also Read : Delhi University Invites Suggestions to Streamline Admission Process