IIT-Delhi, IIT-Bombay and IISc Bangalore to get more freedom, fund

IIT Delhi, IIT Bombay and IISc Bangalore have been granted the Institution of Eminence (IoE) status by the Union Human Resource Development Ministry. Besides that Manipal Academy of Higher Education, BITS Pilani and Jio Institute have been granted institution of eminence tag. The IIT Bombay and IIT Delhi will receive government funding for being public institutions and the Institutes of Eminence will get grants of Rs 1000 cr in next five years from the government, Union HRD Minister Prakash Javadekar said in a Twitter post. 

The IoEs will get freedom to decide their fee for domestic and foreign students. They will also be able to design flexible course duration and structure. These institutions' academic collaborations with foreign institutions will not require approvals from the government or UGC.

"This will help these institutes to grow rapidly to a scale and improve quality and add new courses. Also do whatever is needed to become world-class institutions," the minister said.

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The decision will also ensure that no student be denied opportunity of education with various measures like scholarships, interest waiver, fee waiver and ensure all equity principles, the minister tweeted.