State funded educational institutes and museums have been asked to find their own avenues of finance
All the state funded institutes including IITs to IIMs and public museums have been asked to find their own way to survive.
"The larger aim is to ensure that all these institutions make a conscious effort towards periodic review and rationalisation of user charges, and explore various ways of doing so,”
Student fee largely makes up user charges at funded institutions such as IITs and IIMs, and entry tickets do so in the case of cultural bodies and museums, while bodies under infrastructure ministries have more sources such as rentals from real estate along with tickets and tolls.
"Many institutions are in a position to recover higher charges through either the infrastructure they have or through other services and this can add to the revenue stream. The aim is to get them to do so,” Lavasa added.
As directed by the ministries, now various boards controlling the institutions are holding meetings to find a way out.
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