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- MHRD has approved the one-time capital grant of Rs. 456.10 crore to four older IITs under ‘Sabko Shiksha, Acchi Shiksha’ scheme.
- The capital grant will play a multi-dimensional role in the development of the premier institutes and research output.
The Ministry of Human Resource Development (MHRD) has given approval for the one-time capital grant of Rs. 456.10 core to Indian Institute of Technology (IIT) Madras, IIT Kharagpur, IIT Delhi and IIT Bombay. MHRD has approved the allocation of capital grant to these institutes under ‘Sabko Shiksha, Acchi Shiksha’ scheme.
Institute-Wise Fund Allocation: -
Name of the Institute | Amount |
|---|---|
Rs. 105 crore | |
Rs. 96.50 crore | |
Rs. 151.19 crore | |
Rs. 103.41 crore |
The one-time capital grant will help these four older IITs to get rid of financial crunch. The developmental activities in these institutes were stalled due to the lack of financial resources. An official associated with MHRD revealed the fund allocation is purely based on the proposals sent by the IITs for developmental activities.
At IIT Madras, different expansion projects and developmental activities were put on hold due to the NGT’s order and delay in allocating funds.
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Explaining the issues that are being faced by IIT Madras, Director of the premier institute, Dr. Bhaskar Ramamurthy pointed that the institute planned construction activities in 2014. However, the construction works did not take off due to NGT stay. Earlier this year, the institute urged the government to provide an additional capital grant. As per the directives of the government, a detailed proposal was sent to MHRD for the allocation of funds, he added.
While approving the funds, MHRD stated that the allocation of the capital grant is not only for expansion projects but also for research and innovation.
IIT Kharagpur is planning to improve the infrastructure facilities to meet its strategic goals of new faculty, post-doctoral students and international students. On the other hand, the premier technical institute will accumulate new equipment for research and innovation.
Also Read: - IIIT Hyderabad to Start Seed Fund for Domain-Specific Tech Startups
The one-time capital grant will play a multi-dimensional role in the development of the premier institutes and research output.
