Financial Assistance for Private Self-Financed Technical Institutions

About This Scheme

The "Financial Assistance for Private Self-Financed Technical Institutions" scheme by the Higher, Technical Education & Skill Development Department, Government of Jharkhand, aims to enhance technical education by supporting private technical institutions. Under this scheme, financial assistance is provided to private engineering and polytechnic institutions for infrastructure development, modernization, and accreditation.

Eligibility

1. The institution should be a registered private self-financed engineering or polytechnic institute in Jharkhand. 1. The institution should have been operational for at least 5 years with audited financial statements. 1. The institution should have AICTE approval and affiliation with the State Board of Technical Education, Jharkhand or a recognized university. 1. The institution must comply with AICTE norms, including having qualified faculty and proper infrastructure.

Benefits

1. Grant of up to ₹2,00,00,000/- for new private engineering institutions. 1. Grant of up to ₹1,00,00,000/- for new private polytechnic institutions for infrastructure development. 1. Grant of up to ₹6,00,00,000/- for existing engineering institutions. 1. Grant of up to ₹3,00,00,000/- for existing polytechnic institutions for upgrading facilities. NOTE: 1. Assistance is provided in three equal installments. 1. Accreditation-linked funding: the second installment requires two NBA-accredited courses, and the third installment requires four NBA-accredited courses. 1. At least 60% of seats are reserved for local students of Jharkhand.

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.