Delhi, 14 Oct: In a new development, seven top Indian Institutes of Technology (IITs) will be allowed to set their own fee structure without consulting the apex council that heads these premier institutes for technical education in the country.
The move is taken as a part of major project called Vishwajeet approved on August 24, which is aimed at assisting the IITs to improve their global university rankings. As till now none of the IITs are comes under the top 200 of the prestigious Times Higher Education World University Ranking for 2016-17, in which IIT Bombay is the lone entry in the 351-400 rankings.
“The decision to fix the fee of students would be delegated to the board of governors (BoG) of these institutions,” a source said.
Presently, the fee structure is fix by the IIT council, which is the top decision-making body, which is headed by the Union human resource development minister and includes IIT directors and board of governors of each institute.
Curently the fee of IIT BTech students is Rs 2 lakh, though these institutes spend nearly Rs 6 lakh per year on each student.
Under the project the top seven IIT’s — Delhi, Bombay, Madras, Kanpur, Kharagpur, Roorkee and Guwahati — will be assisted to come under top 100 global university ranks.
To be part of the project, the IITs will have to ensure a corpus fund of Rs 500 crore by April 2018 and Rs 1,000 crore till April 2021.
“This would require systematic efforts for attracting alumni contributions, corporate donations and corporate social responsibility funds,” the source said.
Each IIT will choose five of its core areas of strength under the project, which will ensure specific interventions, including building new laboratories, hostels for international students, filling vacant faculty positions, and hiring foreign faculty.
Vishwajeet is expected to help IITs solve their funds constraints, though the government is yet to allocate money required to go ahead with the plan.
Institutes like IIT Delhi have been collecting and spending funds from its alumni network and other sources for infrastructure development.
The Delhi institute needs Rs 1,000 crore to construct additional laboratories and hostels, but hasn’t made much headway in funding. The situation is same at IIT Bombay. Construction of hostels and plans to buy research equipment are on hold because of funds crunch.
“The project is required as our funding is not sufficient to construct new labs or buildings. As far as fixing the fee structure is concerned, we haven’t discussed it yet,” said an IIT director who didn’t wish to be named.
The seven IITs are slated to make a presentation on October 20, after which the fee structure aspect would be taken up, another director said.