PIB Delhi – The Government of India has launched the World Class Institutions Scheme in the year 2017 to enable ten institutions each from the public and private category to have world class academic & research facilities and grant them the status of Institution of Eminence (IoE). So far, notifications have been issued for eleven institutions (08 public & 03 private). Significant amount of autonomy in academic, administrative & financial matters has been provided under the regulatory framework to these institutions so that they can emerge as global educational institutions. Financialassistance of uptoRs. 1000 Crore (over a period of five years) is provided by the Government to each of public Institutions of Eminence. The information was given by the Minister of State for Education, Dr. SubhasSarkar in a written reply in the RajyaSabha today.
