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Govt asked to increase funds for higher
education
Wednesday May 09, 2012 07:41:21 PM,
IANS
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New Delhi: A
parliamentary panel Wednesday asked the government to increase its
spending on higher education to 25 percent of all spending on
education in the 12th Five Year Plan (2012-17).
“The committee’s attention has been drawn to the 12th Plan
approach paper which mentions that about 18 percent of all
government education spending or 1.12 percent of the GDP be spent
on higher education,” the panel in its report said.
“The funding should be raised to 25 percent and 1.5 percent
respectively,” it said.
The panel observed that state universities and colleges affiliated
to them which cater to more than 90 percent of enrolments suffer
from severe fund constraint. It asked the government to develop a
mechanism to check the shortfall of funds.
It also asked the human resource development ministry to allocate
more funds for research and development.
“Every education institution should set apart three percent of its
budget for research and also industry academia collaboration
should be encouraged,” it said.
“Higher education being an important sector for development, the
committee feels that focused attention in terms of resources and
funds should be made available for development of quality research
and innovation in this sector,” it says.
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