Rs 1400 crore approved for 6 New IITs announced in Union Budget
In the Union Budget, Arun Jaitley had announced setting up of new IIMs and IITs. The Modi government announced five IITs at Andhra Pradesh, Chandigarh, Goa, Jammu and Kerala and then added IIT Karnaka to the list later. Now, the Union Cabinet has approved Rs 1,400 crore for the six new IITs.
The Cabinet has also allowed these IITs to form societies under the Societies Registration Act, 1860. Under the Act, the IITs will not have a legal status as an independent educational institution.
In the first year of their operation, each new IIT will start with an intake of 180 students. In the second year, the student intake will be increased to 450 students for each IIT. By the third year, the student intake will go up to 928 which will include:
- 840 undergraduates,
- 80 postgraduates, and
- 8 PhD students.
For the first three years, the new IITs will operate from their temporary campuses. By the fourth year, these IITs are expected to shift to their permanent campus. IIT Palakkad (Kerala) and IIT Tirupati (Andhra Pradesh) have already started classes this year.
The faculty-student ratio of the new IITs has been pegged to be 1:10.