Budget Wishlist

EDUCTAION UNDER PRIORITY SECTOR

 

With the Right to Education Bill all set to be enacted and the HRD ministry’s 100 day agenda promising forward looking reforms in the Indian education sector, the Finance Ministry can play a supportive role in revamping the Indian education. The RBI has identified educational loans to individuals under priority sector. The Union Budget must treat loans to educational institutions also under priority sector lending. The Government of India has planned to raise the enrolment in higher education to 15% in the XI Plan. The role of private institutions is gaining significance considering that more than 90% of higher education is offered by private institutions. Unable to get access to any of the Central Government’s plan grants, many of these institutions borrow from banks and create excellent infrastructure facilities and offer quality education. The Finance Ministry through RBI must categorize loans to accredited private educational institutions for creation of infrastructure facilities under priority sector. Eligible private institutions which admit students on merit without collecting any capitation fees will continue to do good work if loans to them are treated as priority sector loans with concessional interest rates and they will be able to handle competition from foreign Universities.

 

Regards

S.Vaidhyasubramaniam

Dean-Planning & Development

SASTRA University

Thanjavur - 613 402, Tamilnadu, India

Ph: 91 4362 264100-108, 304000-010 Dir: 304103

Fax: 91 4362 264120

URL: www.sastra.edu

 

SASTRA UNIVERSITY IS RE-ACCREDITED BY NAAC WITH "A" (Maximum) GRADE.

 

 

Name: S.Vaidhyasubramaniam

Designation – Dean, Planning & Development

Organisation: SASTRA University, Thanjavur

Academic Qualification: B.Tech (EIE), Bharathidasan University, 1996

MBA, Asian Institute of Management,Philippines, 2000

Ph.D., SASTRA University, Graduation, July’09

 

 

Professional Experience: Siemens (1996-98)(India, Johnson & Johnson (2000-2002) (USA & INDIA) & SASTRA University (2002- )

 

Visiting Scholar, School of Education, University of Virginia, USA, (Dec'03-May'04)

 

Consultancy Experience: Resource person for Asian Development Bank, UN Habitat and Institute of Water Policy, Lee Kuan Yew School of Public Policy, NUS, Singapore

 

Strategic Consultant, MERALCO, Philippines (Sept’1999 to February 2000)

 

Area of Interest: Development Management

                  Higher Education Management

                  Public Policy

 

Current Area of Research: Skill set gap between MBA graduates from Indian B-schools and Indian industry

 

Others: Member-Panel on Education & Industry Institute Interaction of CII, Tamilnadu State Council

 

Member of CII – SR sub-committee on Higher Education