The University Grants Commission has announced a scheme for public and private universities to seek the status of institutions of eminence. It will provide them freedom from the regular regulatory mechanisms. The aim of the scheme is to help institutions break into the top 500 global rankings in 10 years, and then break into the top 100 over time.
Twenty institutions — 10 public and 10 private — will be given this status. The 10 state-run institutions will be given an additional benefit of Rs. 10,000 crore over a period of 10 years, over and above the regular grants.
By March-April 2018, the chosen institutions will be accorded the status of “Institutions of Eminence” with a mandate to achieve world-class status over 10 years.
Institutions in the top 50 of the National Institute Ranking Framework rankings or those which have secured ranking among top 500 of the Times Higher Education World University Rankings, QS University Rankings or Shanghai Ranking Academic Ranking of World Universities are eligible to apply to avail the benefits of the scheme. The mission will set up universities with all-India character and with international standards.