UGC calls out Deemed universities to maintain ratings and their finances

To retain the deemed university’ status, the institutes will have to manage their finances

- c-Aditya.Wadhawan @timesgroup.com and c-Nafisa.Khatoon timesgroup.com

Private universities aspiring to get 'deemed to be' status and retain it for consecutive years will have to follow new regulations by the UGC. As per the new regulations, institutions with as many as five departments that have NAAC accreditation of 3.1 consecutively for three years for two-thirds of their eligible programmes will get the deemed to be university status. Now the HEIs would not have to wait for 20 years to get the status. In addition to this, the account books will have to be maintained, managed and operated in the name of deemed university, to avoid financial irregularities.

Speaking to Education Times, Jayasankar E Variyar, pro-vice-chancellor, GITAM (Deemed to be University), says, "This decision by UGC is progressive and will enable more universities to get deemed to be status.