Scheme worth Rs. 3600 crore approved by Modi Govt for technical education
IIT Guwahati Campus in Assam, India; Image Courtesy: commons.wikimedia.org
The quality of education in India has always been in question, particularly off late. To improve this situation, the Cabinet Committee on Economic Affairs, including Prime Minister Narendra Modi, approved the ‘Central Sector Scheme’ worth Rs. 3600 crore which aims at the initiation of the third phase of Technical Education Quality Improvement Programme (TEQIP).
It is said that this scheme, in the 3rd leg of its programme, will focus on improving the quality of education in low income states, hill states, North-East and the Andaman and Nicobar Islands. This decision of the Cabinet was announced and confirmed by the HRD Minister, Prakash Javadekar.
The low income states will include Bihar, Chhattisgarh, Jharkhand, Rajasthan, Madhya Pradesh and Uttar Pradesh while the hill states will include Jammu & Kashmir, Himachal Pradesh and Uttarakhand. All states in the North-East will be covered under this scheme along with the Andaman and Nicobar Islands.
In order to implement this scheme, the educational institutions would be chosen through a challenging competition similar to the one held under Swacch Bharat.
The initial investment in this scheme will be Rs. 2660 crore with a possible addition of Rs. 940 crore later on. The Central Govt will hold Rs 1330 crore share in the investment with the other Rs. 1330 crore assistance through the International Development Association of the World Bank.
Direct Funds Transfer will be used to transfer the amount to the beneficiary educational institutions. The scheme is set to launch in the current year with a co-terminus planned at the Fourteenth Finance Commission (FFC) i.e. 2019-2020.
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