The Central Government announced that it will be setting up a new Indian Institute of Technology (IIT) in Karnataka along with new Indian institute of Management (IIMs) in Jammu and Kashmir and Andhra Pradesh.
“In the fiscal year 2015-16, I propose to set up an IIT in Karnataka, and upgrade Indian School of Mines, Dhanbad into a full-fledged IIT,” Finance Minister Arun Jaitley said while presenting the Union Budget in the Lok Sabha.
The minister, during his speech of one-and-a-half hours, proposed to set up a Post Graduate Institute of Horticulture Research and Education in Amritsar.
“IIMs will be setup in Jammu and Kashmir and Andhra Pradesh. In Kerala, I propose to upgrade the existing National Institute of Speech and Hearing to a university of Disability Studies and Rehabilitation,” he said.
Jaitley reminded how he emphasized on having a major central institute in each state during his first ever budget speech in July 2014. The finance minister also proposed three new National Institutes of Pharmaceutical Education and Research – one each in Chhattisgarh, Maharashtra, and Rajasthan
“…and an Institutes of Science and Education Research in Nagaland and Odisha. I also propose to set up a centre for film production, animation and gaming in Arunachal Pradesh, for the north-eastern states and Apprenticeship Training Institute for Women in Haryana and Uttarakhand,” he said.
Jaitley also proposed “to set up a fully IT based Student Financial Aid Authority to administer and monitor Scholarship as well as Educational Loan Schemes, through the Pradhan Mantri Vidya Lakshmi Karyakram”, to ensure that students from poor and middle class families can pursue higher studies without any obstacles.
“We will ensure that no student misses out on higher education for lack of funds,” he said.