Block grant scheme of funding for new NIFTs; New NIFT center in Rae Bareli, UP
November 8th, 2007
The following is from the PIB http://pib.nic.in/release/release.asp?relid=32492.
The Union Cabinet today gave its approval for introduction of the Block Grant Scheme of funding on the lines of IITs, IIMs, etc., for NIFT.
This will provide further functional / financial autonomy to the institute and will encourage it to generate more internal resources, promote innovation and result in an overall improvement in the standard of education and research.
The base year for the Block Grant Scheme shall be 2006-07 and the scheme will come into effect from 2007-08.
Currently there are NIFTs centers at New Delhi, Bangalore, Chennai, Gandhinagar, Hyderabad, Kolkata and Mumbai and a new one has just been announced for Rae Bareli. Earlier, the central minister from Orissa had said that he had requested and received positive indication regarding an NIFT in Orissa. See https://www.orissalinks.com/?p=304 and https://www.orissalinks.com/?p=178. I wonder what happened to that.
Entry Filed under: NIFT, Bhubaneswar