The public institutions would include Central Universities, State Universities, Institutions of national importance and standalone government institutions like IIMs. Photograph: (DNA)
The Centre has approved enabling regulatory architecture for setting up and upgrading 10 public and 10 private educational institutions of eminence for them to find their way among the top 500 world institutions in ten years and 100 eventually.
The selection of institutions of eminence would be done through the challenge method wherein their detailed proposals would be evaluated by an empowered expert committee comprising of three to five persons of eminence constituted by the University Grant Commission with the approval of the Appointments Committee of the Cabinet.
An amount of Rs 1000 crore per institution over a period of five years would be given to the 10 public institutions selected.These institutions would enjoy liberal provisions in the regulations such as liberal regulatory regime, minimal interference from authorities, freedom to recruit foreign faculty and autonomy to admit additional foreign students up to 30 per cent of the admitted domestic students.
The idea is to enhance greater interaction between the foreign and domestic students and improve the multicultural character of the institutions and sharing of the best practices to achieve excellence in academics and research. The mechanism would also entail financial support by the institutions so that the meritorious but poor students do not lose the opportunity of studying in these institutions due to lack of finances.
Sources in the government say that this part of the larger effort to provide give graded autonomy to educational institutions.
As per the guidelines and the regulations, all higher educational institutions, private or public would be eligible to apply for up gradation as Institutions of Eminence subject to eligibility conditions mentioned in the guidelines. The public institutions would include Central Universities, State Universities, Institutions of national importance and stand-alone government institutions like IIMs.