Answer: ‘Institute of Eminence’ scheme
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‘Institute of Eminence’ scheme
- In his budget speech of 2016, Finance Minister of India announced this scheme.
- The scheme was rolled out by University Grants Commission (UGC).
- It has been launched in order to implement the commitment of the Government to empower the Higher Educational Institutions and to help them become world-class teaching and research institutions.
- Ten public and ten private institutions are to be identified to emerge as world-class Teaching and Research Institutions.
- The target for Institutions of Eminence will be to break into top 100 brackets in one internationally reputed ranking framework in 10 years.
- The selected institutions will have greater autonomy and will be free to decide their fee for domestic and foreign students and also will have a flexible course duration and structure.
- They will be exempted from approvals of government or UGC for academic collaborations with foreign institutions, except institutions in Ministry of External Affairs and Ministry of Home Affairs.
- The 10 government institutions selected will also get Rs 1,000 crore each from the HRD Ministry to achieve world-class status.
- There will be no financial assistance to the private institutions.
- The eligibility criteria: only higher education institutions, currently placed in the top 500 global ranking or top 50 of NIRF (National Institutional Ranking Framework).