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The Union Cabinet today gave its approval for the continuance of the Block Grant Scheme of funding with some modifications, based on the experience of implementation for the IITs (Delhi, Bombay, Madras, Kharagpur and Kanpur), IIMs (Calcutta, Bangalore and Ahmedabad) and IISc. Bangalore. Approval has also been given for the extension of the modified Block Grant Scheme to the two new IITs (Guwahati & Roorkee), three new IIMs (Lucknow, Indore and Calicut), the Indian School of Mines (Dhanbad), the School of Planning and Architecture, New Delhi, the National Institute of Industrial Engineering (NITIE), Mumbai and the National Institutes of Technical Teachers Training and Research (NITTTR) Bhopal, Chandigarh, Chennai and Kolkata with a stipulation that the level of corpus may be allowed up to Rs.100 crore in the case of IITs and IISc. and Rs.50 crore in respect of other institutions. The Cabinet has authorized Institutes not dependent on non-plan budgetary support, to create academic posts and make appointments to such posts on a contractual basis for fixed but renewable tenures.
This will provide further functional/financial autonomy to the Institutes and will encourage them to generate more internal resources, promote innovation and result in overall improvements in standards of education and research.
The pattern of funding shall be applicable from the year 2005-06 onwards for a period of 5 years and a review of the same will be taken up in the sixth year of the scheme i.e. 2010-2011.
YSR/DS/HS/LV
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