2000 of Study Centre Share X Min. of 1 Lac to 5 lac
- Min Funds 20000,0000 (Twenty Crore)
- Max. of 50 Crore Fund can be raised for starting of Private University
Establishment of Private University in Bihar/Jhanrkahnd
The model guidelines for opening of private universities were notified by the Bihar state government on May 29, 2013. Under the provisions of the Bihar Private Universities Act, 2013, a private university could be set up over five acres land in the municipal area, while the requirement of land has been fixed at 10 acre in non-municipal areas. Besides, the trusts would have to show evidence of having a sound financial background, i.e. at least an asset of Rs 10 to Rs 15 crore.
The guidelines provide for a private organisation to set up a university
on a no-profit, no-loss basis, along with a trust or society.
Land Requirements
- 5 acres land in the municipal area /
-10 acre land in non-municipal areas
Besides, the trusts would have to show evidence of having a sound financial background, i.e. at least an asset of Rs 10 to Rs 15 crore.
The guidelines were approved by the state Cabinet in April, after a Private Universities Bill had to be scrapped following controversy over caste reservations. The new guidelines stipulate 50% reservations for backward classes.
According to sources, as many as nine trusts have applied for government permission for setting up private universities in different parts of the state. The proposals include establishment of Amity University at Bihta, K K University at Biharsharif, Sandeep University at Madhubani and Mahatma Gandhi University at Madhubani. But very few among them fulfil the criteria laid down for government approval. The proposals submitted by Amity Global Business School and a trust interested in establishing a university for the differently-abled people reportedly fulfil the basic criteria.
Under the provisions of the Bihar Private Universities Act, 2013, a private university could be set up over five acres land in the municipal area, while the requirement of land has been fixed at 10 acre in non-municipal areas. Besides, the trusts would have to show evidence of having a sound financial background, i.e. at least an asset of Rs 10 to Rs 15 crore. The contributions of the trusts in the academic field as well as their vision of developing the proposed university, including courses of studies and areas of research, would be examined while granting permission for starting the private universities.
The state government has already constituted a committee of experts to scrutinize the proposals submitted by private parties. The committee headed by Nalanda Open University vice-chancellor Ras Bihari Prasad Singh consists of Bihar Educational Infrastructural Development Corporation managing director Sanjeevan Sinha and former Patna College principal R P Singh Rahi. The committee is reportedly examining the proposals and is likely to submit its report to the state government soon.
Once cleared by the experts' committee, a letter of intent would be issued by the state education department. The society or trust will be required to develop its campus with adequate infrastructure in five years. The government has prohibited realisation of capitation fee from students seeking admission to various courses and clearly stated that admissions to such institutes will be guided by the Bihar's reservation policy. SC, ST, OBC, EBC, women and
http://timesofindia.indiatimes.com/city/patna/9-trusts-seek-govt-nod-to-set-up-pvt-varsities/articleshow/41963986.cms