IIT Delhi, IIT Bombay and IISc Bangalore have been granted the Institution of Eminence (IoE) status by the Union Human Resource Development Ministry, while Manipal Academy of Higher Education, BITS Pilani and Jio Institute have been granted institution of eminence tag.
Union HRD Minister Prakash Javadekar said in a Twitter post said IIT Bombay and IIT Delhi will get funding for being public institutions and the Institutes of Eminence will get grants of Rs 1000 crore in next five years from the government,
The IoEs will get freedom to decide on their fee structure for domestic and foreign students. They will also be able design course duration and structure. These institutions’ academic collaborations with foreign institutions will not require government or UGC approval except for some countries.
“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,” Javadekar said.
This will facilitate these institutes to grow rapidly and at the same time they will get more opportunity to scale up their operations with better skills and quality improvement so that they become world class Institutes, the minister said.
“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.