The All India Council for Technical Education (AICTE) invites online proposals for opening of new institutions by various stakeholders including State Governments with different courses by a fixed cutoff date for a particular academic year.
The approval is granted to the suitable proposals complying with the AICTE norms before the commencement of the Academic Year for which these proposals are received. Also, the Government has approved setting up of 20 new Indian Institute of Information Technology (IIITs) on PPP basis. Various State Governments have expressed willingness to set IIITs on PPP basis. The setting up of IIITs in a state would depend upon the response received from the State Governments and interest shown by industry.
In additional to this, under the scheme of ‘Sub-mission on Polytechnics under coordinated Action for Skill Development’ the Government provides an one time financial assistance of upto 12.30 crore per polytechnic in phases to the state/UT Governments.
Source: PIB
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