Private educational institutes to receive encouragement from new laws

Human Resource Development (HRD) Minister Kapil Sibal, recently, mentioned that many legislation will be proposed by the government to encourage private participation in education as the states alone cannot provide resources. He mentioned that three legislation were underway for introducing improvement in higher education in the country. One of these one comprised of allowing the domestic and the foreign institutions to set up their institute in the country. He was speaking at the Conscious Capitalism Summit organised by the Confederation of Indian Industry (CII) in Delhi.

Sibal said the second legislature would reduce the government's intervention in the functioning of private institutes. He informed the gathering that the proposal to the Planning Commission for setting up the Educational Finance Corporation would support reduction in the fee structures in private institutes as they would be enabled to have a long-term commercial borrowings. Through this corporation, students will be able to fund their education without depending on their parents, Sibal said.