The Cabinet committee on economic affairs on Thursday approved the proposal for initiation of second phase of Technical Education Quality Improvement Programme (TEQIP).
The project aims to strengthen institutions with improved learning outcomes and employability of graduates, scaled-up post-graduate education and demand-driven R&D and innovation, establishment of centres of excellence and imparting of pedagogical training to the faculty.
An official statement said that the total project expenditure was Rs 2,430 crores, in which the World Bank contribution was Rs 1,395.50 crores, the Centre’s contribution (as per 11th Five Year Plan) was Rs 500 crores, the states contribution was Rs 518.50 crores and private unaided institutions contribution was Rs 16 crores. The project will be implemented in pursuance of the national policy on education through the ministry of human resource development as a Centrally-sponsored scheme with matching contribution from state governments.
The project will be open for participation by all the AICTE approved engineering institutions.