New Delhi, July 09: HRD Minister Prakash Javadekar, today, released list of six institutes, 3 in public and 3 in private sector, which have been accorded the status of Institution of Eminence by the government of India. In the public sector, the three institutes which have been granted the status are IIT Delhi, IIT Bombay and IISc Bangalore. Manipal Academy of Higher Education, BITS Pillani and Jio Institute of Reliance Foundation have been granted the status of institution of eminence tag in private sector.
The information was shared by HRD Minister Prakash Javadekar on his social media accounts today. These public sector institutes will get a a government grant of Rs. 1000 crore in next five years.
He also said that this was neither thought of before nor done. The status of Institute of Eminence does not grant just graded autonomy but full autonomy, leaving these institutes to make their own decisions.
On the matter of affordability of education, he said, "While today’s decision gives virtually full autonomy, it will also ensure that no student will be denied opportunity of education with various measures like scholarships, interest waiver, fee waiver and ensure all equity principles.