Published On: Mon, May 21st, 2012

Narayana Murthy supports for Greater Private Sector Role in Higher Education

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N R Narayana Murthy, founder of Infosys Technologies, heads a committee to boost the involvement of the private sector in higher education in India. He has suggested some path-breaking measures for contributions towards higher education like free land for 999 years, 300 per cent deduction in taxable income to companies and 10-year multiple entry visas for foreign research scholars. To enable students from unprivileged backgrounds to avail services for higher education, scholarship fund with a corpus of Rs 1,000 crore and a national educational loan fund with a corpus of Rs 100,000 crore should be set up by public sector banks to disburse long-tenure loans. Meanwhile, Montek Singh Ahluwalia, Planning Commission Deputy Chairman has adviced to provide easy finance for students and not to increase education fees for courses to complete their higher education. Further, all norms for floor space index should be relaxed to encourage the compact city campuses and ensure optimal land utilization in urban areas. To invite big companies who can participate in the process of developing higher education, personal invitations should be sent by the prime minister to 25 Indian companies and 25 high net worth individuals to start a university keeping in view already set conditions. The committee said that the above said initiatives should be incorporated in the 12th five-year plan as well as for different programmes run by the universities.