The University of Mysore has become “rich”.
In a span of three to four years, it has been flooded with funds from the Government of India, the University Grants Commission (UGC) and research institutions.
The university has been sanctioned grants to the tune of nearly Rs. 200 crore for academic and infrastructure development. The Ministry of Human Resource Development recognised the university as an ‘Institution of Excellence' and sanctioned Rs. 100 crore. So far, the university has received Rs. 66.66 crore from the Union Ministry, and the funds are being utilised on various activities, according to the university.
The UGC recently gave the university the status of ‘University with Potential for Excellence'. Under this, the university is entitled to a grant of Rs. 50 crore. Under the ‘University with Potential for Excellence in Particular Area', a grant of Rs. 4.3 crore has been sanctioned, and Rs. 2.3 crore has been released.
The Department of Science and Technology has sanctioned Rs. 9 crore to the university under the ‘Promotion of University Research and Scientific Excellence'. It has received Rs. 3 crore.
During the XI Plan period, Rs. 18.52 crore had been sanctioned under the UGC Development Grants and grants under merged schemes. The university has, so far, received Rs. 4.7 crore. The UGC Special Assistance Programme status has been given to 13 departments with financial assistance of Rs. 1.2 crore.
A Kannada classical language project has been given to the university with a grant of Rs. 2. crore. A sum of Rs. 1 crore has been released.
Around Rs. 10 crore has come to the varsity in the form of major research projects from the UGC, DST and DBT. The Government has sanctioned Rs. 30 lakh, and Rs. 15 lakh had been released.
The initiatives taken up under the ‘Institution of Excellence' include ‘Creation of Centre of Excellence in Biodiversity, Bio-prospecting and Sustainable Development' and strengthening teaching and learning and research infrastructure, according to the university. A new building for housing the centre of excellence is under construction, and is estimated to cost Rs. 10.25 crore.