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By Way2k Way2k
Way2k 1 Oct 2012
Fund for social and eco weak studs

The fee reimbursement scheme being implemented by the state government to fund higher education of students from socially and economically weaker sections has stirred up a controversy again after one year. The managements of engineering, MBA and MCA colleges are planning on an indefinite closure of colleges from February 5 to demand that the government pay fee arrears amounting to 4,200 crore. The state government has failed to release any money for the current academic year 2011-12. The managements have convened a meeting on February 1 to decide the future course of action. Last year, the colleges were closed for a week on the same demand.

Fund for social and eco weak studs

Arrears then amounted to 3,000 crore. “Already eight months have passed in the current academic year. While the government owes 4,200 crore in arrears, it has not released a single rupee till now though there are only two months left for the current academic year to conclude. We are not in a position to run the colleges any more. We are left with no option, but to shut down the colleges”, said; N. Ramesh, chairman of Consortium of Engineering and Professional Colleges Managements Associations. Nearly 80 per cent of students admitted in professional colleges depend on the government to pay their fees. When the government defaults, managements struggle to pay salaries of staff and run the colleges. “Several colleges have stopped paying salaries to faculty and staff for the past three months. Some colleges have obtained huge loans from banks,” Mr. Ramesh added. Government fails to clear arrears While the state owes 4,200 crore in arrears it has not released a single rupee till now.

Courtesy: Deccan Chronicle


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