by Punjabnewswire4u (Balbir)
CHANDIGARH, MARCH 23
Agreeing to PHD Chamber’s demand, All India Council of Technical Education (AICTE) has rolled back the hike in processing fees.
AICTE has reduced the amount of processing fees in the notification vide11/03/11, which was increased in 2011-12 norms. Earlier for starting an engineering college, the Fixed Deposit Receipt (FDR) was for Rs.90 lakhs, but now it has been reduced to Rs.35 lakh and for MBA, Pharma and other colleges, the FDR has been decreased from Rs.35 lakhs to Rs.15 lakhs. The processing fees to be paid by an Institution to start a new project has also been reduced to Rs.5,00,000 from the earlier amount of Rs.7,50,000.
Welcoming this new decision of AICTE, Dalip Sharma, Regional Director, PHD Chamber said that this step of AICTE would encourage the expansion activities of various educational institutes which wish to expand in other disciplines and also for those who wish to invest in this sector and wishes to start a new Educational Institute.
Appreciating the roll back, Dr. Anshu Kataria, Convener, Punjab Education Committee, PHD Chamber said “still there is scope to further liberalize its policies so that it may attract more entrepreneurs to invest in Educational Sector”.
Dr. Kataria said with the Ministry of Finance having declared the Educational Sector as a core sector, AICTE should encourage the young entrepreneurs to invest in this sector through its judicious norms.
No comments:
Post a Comment