Three more private universities are in offing in Chhattisgarh as five are already functioning. Chhattisgarh Private University Regulatory Commission secretary BR Chandrakar, stated that the proposal of establishing three new universities are at consideration. They are Shankaracharya University at Durg, Amity University, Raipur and Jindal University at Raigarh.
According to the Chhattisgarh Private University Act 2005, private universities can be set up in the state and now it has been five years since universities have been established under this act. The five universities which are currently functioning are MATS University, Dr CV Raman University (CVRU), ICFAI University, ITM University and Kalinga University.
Chandrakar also mentioned that to grant permission to establish a university, after examining the proposal, it is forwarded to the state government for issuance of a Letter Of Intent (LOI). There are certain criterions that are necessary for a functional university and the main ones being financial perspective and the suitable amount of land area.
The government wants to set up universities in remote areas. But in remote areas the endowment fund for a private university is just Rs 1 crore while in urban regions it is about Rs 3 crore.