Yogi for new policy to promote private investment in edu

  • | Wednesday | 7th August, 2024

Chief Minister Yogi Adityanath, at a high-level meeting with the Higher Education department officials on Tuesday, directed for formation of a new policy to encourage private investment in the sector. Key guidelines from the chief ministers meeting on Tuesday are as follows: Over the past seven years, one university per division has been achieved, with universities established in all 18 divisions. Construction is ongoing in several divisions. Now, the focus should shift to achieving one university per district. Currently, there are universities in 35 districts. The private sector can significantly support the establishment of universities in the remaining districts. Private sector investment in higher education should be promoted, as it can play a crucial role in achieving our objectives. In light of the increasing demand for higher education in the state, private investment can significantly bolster government efforts to expand access. This will increase the number of institutions, courses, and seats available to students and enhance the quality of education and research. As the youngest state in India, Uttar Pradesh has a unique position in the higher education sector. With an average age of 21 years, which is expected to rise to 26 years by 2030, Uttar Pradesh will contribute 16.5% to Indias youth population. Currently, the states gross enrollment rate (GER) is 25.6%, which needs to increase to 50% by 2035 according to the National Education Policy (NEP). A policy promoting private investment can help bridge this gap. Private investment in higher education is crucial at this time. Examine the related policies of other states, engage with stakeholders, and promptly develop and present a higher education promotion policy. The new policy should include incentives for investors, such as exemptions in stamp duty and capital subsidies. The new policy should also provide additional incentives for establishing universities in aspirational districts. Prioritise this aspect. Similarly, special incentive provisions should be included in proposals to develop campuses akin to the worlds top-ranked universities.

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