Wednesday, March 31, 2010
Varsity announces ‘earn while you learn' scheme
Eligible students can work on a part-time basis for a payment
- The university has earmarked Rs. 6 lakh for the scheme in the budget
- Rs. 5 lakh has been earmarked for a disaster mitigation fund
Mysore: The University of Mysore, which is initiating major reforms in the academic sphere, will introduce an “earn while you learn” scheme for students.
This was announced during the budget announcements for the financial year 2010-11, which envisages an expenditure of Rs. 100.89 crore against a revenue of Rs. 87.18 crore.
The university budget was tabled by Kotresh, Dean, Department of Commerce, here on Tuesday. However, details such as who will be eligible for the scheme have not yet been announced. Under the scheme, reckoned to be the first of its kind in the country, eligible students will get an opportunity to work on a part-time basis in laboratories, libraries or in the Horticulture Department for a fixed emolument.
The university has earmarked Rs. 6 lakh for this in the budget. The scheme is meant for students from economically weaker sections of society.
Other proposals
The other major proposals announced in the budget include a postgraduate campus at Chamarajanagar to mark the golden jubilee of the Manasagangotri campus. The university has earmarked Rs. 15 lakh to commemorate the golden jubilee year, which will be marked by a slew of events. It has also set aside Rs. 10 lakh for the PG centre at Chamarajanagar.
A disaster mitigation fund has been announced for the university towards which Rs. 5 lakh has been earmarked while Rs.10 lakh has been announced to conduct research on physical and mental disabilities. However, the bulk of the expenditure is meant for payment of salaries and Rs. 64.75 crore has been set aside for this purpose.
A sum of Rs. 18 crore has been set aside for payment of pension and Rs. 1 crore has been set aside for medical reimbursements and Rs.10 lakh has been set aside for procurement of medicines for the two health centres of the university.
The admission procedure will fetch Rs. 12.5 crore by way of revenue, self-financing courses will help generate Rs. 4 crore while Rs. 10 crore is expected to be accrued from examination fee. The block grant is put at Rs. 45.19 crore.
Courtesy: The Hindu