20 Aug

The IITs at present depend completely — 100 per cent — on grants awarded directly by the HRD ministry, unlike IIM Ahmedabad, Bangalore and Calcutta, which are virtually independent.
A model being finalised may for the first time allow the IITs to themselves fund up to 50 per cent of their financial needs.
The funds can be generated through a combination of gradual fee hikes backed by scholarship schemes, greater collaboration with industry and government on revenue-generating projects and tapping alumni.

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