IIT : Indian Institute of Technology

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Quota cost: Over Rs 9,000 crore

Quotas for OBC students in central educational institutions may necessarily have to be staggered. And the University Grants Commission says it’ll cost about Rs 9,000 crore, over five times their annual budget.

These have come out of the deliberations of several of the five sub-groups constituted by the oversight committee, chaired by Veerappa Moily, looking into the matter.

The sub-group on central universities, headed by Syed Hamid, Chancellor of Jamia Hamdard University, favoured reservations in one go, and estimated a cost of Rs 4,800 cr. The sub-groups on IITs and IIMs prefer staggering quotas, and said it would cost Rs 4,100 cr.

The UGCs proposal covers 20 central universities and technical institutes. The entire quota budget may be much higher as medical colleges, NIFTs and agricultural educational institutions have not been included.

The central universities estimate came out of a June 21 meeting of the sub-group. “It’s on the basis of money spent on each student,” an official explained. The annual budget for these universities this year is about Rs 1,000 crore for about 10.5 lakh students.

At the IITs, it costs about Rs 2 lakh per annum to educate a student, and at the IIMs, it’s Rs 3 lakh. An IIT director told HT money would also be needed for special coaching to OBC students. The sub-groups are expected to submit their reports by June-end.

Source : http://www.hindustantimes.com/

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