ND TV: Private sector partnerships for raising funds, ranking system for faculty members and the creation of “emotional infrastructure” are part of the updated UGC draft guidelines for the development of higher education institutions (HEIs) in the country.The updated Institutional Development Plan (IDP) draft for HEIs was issued by the UGC on Wednesday after incorporating stakeholders’ suggestions on the first version released in January last year.
“The new draft UGC IDP guidelines aim to help universities, colleges plan for academic, administrative, and financial ‘self-reliance’,” UGC Chairperson M Jagadesh tweeted.
According to the guidelines, the HEIs must identify and prioritise the sources of funding for the development of financial infrastructure such as government grants, alumni donations, private sector partnerships, and fundraising campaigns.
According to the guidelines, the HEIs are required to work on a sustainable revenue model where the revenues are derived from tuition fee from the students, government grants and subsidies, overheads earned on the sponsored research and development projects from the government and private sector and endowments.
Nayeemul Islam khan
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