INR 12.3 crore per polytechnic has been sanctioned by Human Resource Development Ministry under the initiative of 'Sub-Mission on Polytechnics under Coordinated Action for Skill Development'. The State Governments/ Union Territories will be provided with allocated funds for setting up of new polytechnics in 300 un-served and under-served districts of the country.
Respective State Governments/ Union Territories will receive the financial assistance in support of providing free of cost land and meeting the recurring expenditure in running these polytechnics. At present, out of 300 districts, 239 districts have already been provided with financial assistance for the purpose. For the remaining 61 districts, the concerned departments/ State Government can avail of assistance by providing land free of cost and agreeing to meet the recurring expenditure. Polytechnic institutes offer a variety of professional courses, which is mainly technical and vocational in nature.