Summary:
We would appeal them to support the government at this juncture by contributing to CMDRF,” said higher education principal secretary Usha Titus. To this, Rusa authorities have clarified that state government would contribute 40% of the funds, fully and wholly. It’s in this background that the state government has decided to appeal the managements to give back at least 50% of the money they receive from the state. This, if done through CMDRF, would help the state keep the accounts clear.“The managements know that the government was only trying to help them claim the central fund. It was informally agreed that the 104 colleges eligible for Rs 2 crore funding and the five institutions chosen for Rs 5 crore funding would give back the state government their share of money through a treasury account.However, the understanding took a beating after Karnataka government sought a clarification from Rusa authorities regarding the possibility of the beneficiary institutes sharing a part of the state’s contribution..