Recently, an institute in Tamil Nadu has written to the Centre govt. In a possible effort to facilitate the award of the Institute of Eminence (IoE) tag for Anna University, MK Surappa, the Vice-Chancellor of the university has written straightway to the union government about the funds required. In his letter, he stated that the university has internal means to generate Rs 1,570 crore in five years, intimating that it doesn’t need financial aid from the state government. The IoE tag comes with a Rs 1,000-crore grant from the union government to the university over a five-year period, of which the state government is responsible to pay 50%, which is Rs 500 crore.
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The Union government had informed the government of Tamil Nadu to grant a letter of commitment that it will provide the said share to the university. Presently, the government of Tamil Nadu reportedly provides a grant of Rs 40 crore per year to the university. According to reports, MK Surappa urged the union government to retain the offer of IoE for Anna University and assured that the university has the capacity to generate Rs 1,570 crore in revenue in a five-year period by itself from its internal sources.
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The government of Tamil Nadu had not sent the letter of commitment to the union government since it has its own concerns about a possibility in the dilution of the 69%-reservation model followed in Tamil Nadu. The state also reportedly expressed its inadequacy to guarantee the expected funds to the university, if it has to be granted the IoE status. However, the government of Tamil Nadu had told the union government that it will achieve the tag if the government of India provides the entire amount needed.
