Lok Sabha Passes New Bill Sanctioning 6 More IITs
Lok Sabha passed a new bill that sanctioned 6 new IITs including one at Jammu and Tirupati, yesterday. Other places include Palakkad, Goa, Dharward and Bhilai, as mentioned in the Institutes of Technology (Amendment) Bill 2016.
HRD Minister Prakash Javadekar said that the government has formed a High Education Financial Agency (HEFA) to upgrade the infrastructure replying to a debate on the bill.
Students belonging to the ST and SC communities and those coming under the BPL (Below Poverty Line) status along with the physically challenged, will be getting full waiver of fees in the IITs and NITs as informed by the Minister. He said that those who come from families, where the annual income is less than Rs. 9 lakh will get zero percent education loan.
"Education must be inclusive. But those capable of paying must pay. You should not oppose when rich are being asked to pay," the minister said.