The scheme was started by the state education department under the theme ‘matching the fund’ in a bid to encourage corporate partnership with institutions and for the government to equally maintain proportion of funds that institutions procure from either donations or corporate.
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In what appears as a major push towards research in various independent fields, the Delhi government on Wednesday announced an incentive schemes for all universities in the state.
By investing more on research, it is anticipated that various fields such as humanities, arts, business, finance, natural sciences and technology will be immensely strengthen.
The scheme was started by the state education department under the theme ‘matching the fund’ in a bid to encourage corporate partnership with institutions and for the government to equally maintain proportion of funds that institutions procure from either donations or corporate.
However, there will be equal distribution of funds among the institutions. Institutions receiving lesser grants from the state government will receive more funds from the schemes.
More on the news:
- It is widely speculated that the new scheme is one the few schemes that Aam Aadmi Party (AAP) has contributed towards higher education; hitherto, the government has been involved mostly on school education
- Under this scheme and as a pilot project the IIIT-Delhi (Indraprastha Institute of Information Technology) has, of late, accumulate as many as Rs 15 crore from several corporate organisations as fundraiser for research in computer science, information technology and several new-age interdisciplinary courses
- “Across the world, a common approach for funding research in universities is to provide research grants through various funding agencies. There are agencies in India to provide funding for research projects but the amount of funds available is not as high as it should be,” said an official from the Department of Education, Delhi government, as reported in DNA
- Giant corporate organisations such as Google, Infosys Foundation, Intel, IBM, TCS, and Microsoft are the main contributors
- It is believed that this scheme will not only provide resources for research, but also will encourage universities to seek more funds from the corporate organisations and enhance its quality at the international level.
- source”cnbc”