Maharashtra has become the 10th state in the country to allow private entities to set up universities, hoping to attract investments in specialized disciplines. Haryana, Uttar Pradesh, Karnataka, Punjab, Rajasthan and Gujarat are among the states that have already allowed pri- vate participation to meet a growing demand for higher education.
India wants to add 25 million students to its higher education space and needs 800 more universities by 2020. It has about 530 today. The Union government has admitted this may not be possible without private participation.
Only 13% of the students who pass the Senior Secondary Certificate (SSC) examination in Maharashtra are able to enrol for higher education, the state's higher and technical education minister Rajesh Tope said.
A committee of educational experts, headed by the secretary of higher education, will approve proposals for setting up private universities, under a law passed by the state legislature last week. The law makes it compulsory for private universities to have a campus of at least 4 hectares (ha) in the Mumbai Metropolitan Region (MMR); 10 ha in divisional headquarters such as Pune, Nagpur and Aurangabad; 20ha in district headquarters; and 40ha in rural areas.
Universities in MMR must have a minimum endowment fund of `10 crore, while those located outside MMR must have a `5 crore fund.
Private universities are not required to have reservations for scheduled caste, scheduled tribe and other backward class students, but the law asks them to have an affirmative action programme.
RIL chairman Mukesh Ambani, during the company's annual general meeting on 18 June, 2010, announced plans to set up a university through the Reliance Foundation.
“We are looking at Maharashtra and Gujarat for opening the first campus of the university, but nothing has been finalized yet,“ said a senior company executive, asking not to be identified.
India wants to add 25 million students to its higher education space and needs 800 more universities by 2020. It has about 530 today. The Union government has admitted this may not be possible without private participation.
Only 13% of the students who pass the Senior Secondary Certificate (SSC) examination in Maharashtra are able to enrol for higher education, the state's higher and technical education minister Rajesh Tope said.
A committee of educational experts, headed by the secretary of higher education, will approve proposals for setting up private universities, under a law passed by the state legislature last week. The law makes it compulsory for private universities to have a campus of at least 4 hectares (ha) in the Mumbai Metropolitan Region (MMR); 10 ha in divisional headquarters such as Pune, Nagpur and Aurangabad; 20ha in district headquarters; and 40ha in rural areas.
Universities in MMR must have a minimum endowment fund of `10 crore, while those located outside MMR must have a `5 crore fund.
Private universities are not required to have reservations for scheduled caste, scheduled tribe and other backward class students, but the law asks them to have an affirmative action programme.
RIL chairman Mukesh Ambani, during the company's annual general meeting on 18 June, 2010, announced plans to set up a university through the Reliance Foundation.
“We are looking at Maharashtra and Gujarat for opening the first campus of the university, but nothing has been finalized yet,“ said a senior company executive, asking not to be identified.
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