Country to get two more IITs in 2009-10

New Delhi: An Ordinance has been promulgated by Mr. Pranab Mukherjee, the Finance Minister of India to establish 15 central universities in the country in addition to 6 new Indian Institutes of Technology (IITs) in Bihar, Andhra Pradesh, Rajasthan, Orissa, Punjab and Gujarat have started functioning in 2008-09 while two more IITs in Madhya Pradesh and Himachal Pradesh are likely to commence their academic session in 2009-10.

Two new schools of Planning and Architecture at Vijayawada in Andhra Pradesh and Bhopal in Madhya Pradesh have also started functioning informed Mukherjee.

"Academic session is also likely to commence from 2009-10 in four out of six new Indian Institute of Managements (IIMs) proposed to be established in Haryana, Rajasthan, Jharkhand and Tamil Nadu during the XIth five year plan," stated an official release.

Due to a revision in Educational Loan Scheme by the Government, the number of beneficiaries has increased from 3.19 lakh to 14.09 lakh and the amount of loan outstanding has increased from Rs. 4,500 crore as on March 31, 2004 to Rs. 24,260 crore as on September 30, 2008.

Source: http://indiaedunews.net/Today/

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