Supreme Court: Spouse Cannot Withdraw Consent for Mutual Divorce After Settlement Agreement  ||  Supreme Court Suspends PC Act Sentence of Former Minister Anosh Ekka, Flags Overlapping CBI Cases  ||  Supreme Court: Magistrate’s Probe Order Can’t be Quashed on Accused’s Defence  ||  Delhi High Court: No Adverse Inference if Handwriting Sample Refused Without Section 73 Disclosure  ||  J&K&L HC: Bank Officials Not Entitled to Section 197 CrPC Protection Despite Public Servant Status  ||  Kar HC Orders CBI Probe into 53-Acre Land Acquisition, Citing Alleged Monumental Fraud & Conspiracy  ||  Supreme Court Grants Probation to Convicts; Rules Fine-Only Cases Also Eligible  ||  SC Disposes Plea on Allied Health Course Moratorium After NCAHP Issues 2026–27 Guideline  ||  Supreme Court Grants Promotion Relief to Employee Denied Relaxation, Calling it Discrimination  ||  Patna HC: Tender Lapses if Not Extended on Time & Delay Cannot be Cured by Repeated Representations    

Central Government enhances funds for improving quality of Higher Education - (02 Aug 2018)

Education

In order to provide greater access to Higher Education with equity to all the eligible citizens and in particular to the vulnerable sections, Government has increased funding in higher education sector. The allocation of funds for Department of Higher Education has been steadily increasing every year with an increase from Rs. 26,855.26 crores in 2015-16 to Rs. 35,010.29 crores in 2018-2019. The central institutions of higher learning are currently dependent on Government budgetary support totally as they impart education with minimal fees. As the current funding may not be sufficient for the requirements of these institutions, an additional Government equity of Rs. 5,000 crores, apart from the existing Rs. 1,000 crores has been approved.

The Department of Higher Education, MHRD, is responsible for the development of the basic infrastructure of Higher Education sector, both in terms of policy and planning. Under a planned development process, the Department looks after expansion of access and qualitative improvement in the Higher Education, through world class Universities, Colleges and other Institutions. The Department aims to expand institutional base of Higher Education (including technical, professional and vocational education) by creating additional capacity in existing institutions, establishing new institutions and incentivizing State Governments and Non-Governmental Organizations/civil society.

Further, Higher Education Financing Agency (HEFA) has also been set up in September, 2016 to give a major push for creation of high quality infrastructure in premier educational institutions. The HEFA would be jointly promoted by the identified Promoter and the Ministry of Human Resource Development (MHRD). The total authorized equity capital of HEFA has been raised to Rs. 10,000 crores, with the facility to leverage additional resources from market, based on requirement.

Tags : FUNDS   HIGHER EDUCATION   INCREASE  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved