Continuing with its strong development agenda, the government has announced a massive increase in the funding of Indian universities. During his visit to Patna, Prime Minister Narendra Modi announced a massive 10,000 crore package for top 20 universities in the country. The funds will be utilized to improve the educational standards and the facilities available to students. The aim is to transform Indian universities, so that they can compete with other renowned universities in the world. PM Modi made the announcement during the centenary celebrations of Patna University in Bihar. PM Modi said that the government is embarking on an ambitious plan to transform 10 private and 10 government universities into world class educational hubs.
Earlier, Bihar Chief Minister Nitish Kumar had requested the Union government to give the status of central university to Patna University. However, PM Modi said this would not be enough and that the government is going a step ahead by providing substantial funds to the universities. He said that the universities will now have to utilize the funds in the best possible way and show that they can effectively compete with other universities in the world. PM Modi said that the selection of universities will be done by a third party based on competitive challenges that universities will be asked to participate in. Universities that prove their mettle will be eligible to receive the funds from the government. PM Modi invited Patna University to be part of the challenge and he thanked and appreciated Nitish Kumar for focusing on the development agenda in the state.