Significance Of Private Universities In India

Not all students have the same IQ level, the same qualities, and not the same level of luck for achieving the exam.
With the rise of the flourishment of private colleges, students are able to enjoy pursuing their respective careers and having the benefit of having other courses they love.
The seats in government colleges are very less when compared to the number of students in the same level. By having these private universities, students are able to complete their higher education level.

Private Universities In India

Private universities are those universities which are self-financed and managed
by private groups. University Grants Commission (UGC) defines a private university as “a university established under any Central or State Act by a sponsoring body viz. a society, trust or a company registered under Society Registration Act, 1860 or Companies Act, 1956 respectively”. Private universities in India, however, cannot run without the approval of UGC. A UGC is a government regulatory and funding body for various academic institutions in India. Private universities in India are regulated under UGC Regulation 2003.
UGC recognised private universities has to run according to its rules and regulations.
Private university education in India has been increasing day by day. The education market in India is of a very high price. India has the third largest higher educational system in the world, next to China and to United States.

The New Economic Policy of 1991 has benefitted the education sector the most. Private players have established themselves to provide higher education in almost every Indian state. With the regular increase in the number of students studying at the higher level, the seats are getting reduced in colleges and universities and this leads to the rising price of the seat in the college, due to the higher demand and low supply.

Background of Private Universities:

In 1857, the first three universities were established in Bombay (now Mumbai), Calcutta (now Kolkata) and Madras (now Chennai). At the time of Independence in 1947, there were 20 universities and several hundred affiliated colleges. With the liberalisation of economic policy, there has been a surge in the provision of private higher education in India. Till 1980, the higher education sector was controlled by the government and thereafter, there has been a trend toward privatisation of higher education. Setting up of private universities under the State Private University Act by individual and private trusts is a new trend in privatisation higher education in the country during the 21st century. There is a need of Private Industries Some of the factors that led to the growth of private universities are-

• Limited Seats in Government Colleges and Universities: With already less number of seats for graduation and post-graduation in government colleges and universities and cutthroat competition to avail it, private universities have come as a blessing in disguise for aspirations of millions of students. The private sector has been playing an influential and Vital role in the field of education in India. In fact 50% of educational institutions in India are privately owned.

• Increase in Gross Enrolment Ratio (GER): The Gross Enrolment Ratio can only be increased by the involvement of private institutions in higher education. It can only be achieved by the involvement of private universities

• Quality of Education: Private university competes in par with best government institutions in providing high-quality education. Increasing collaboration with foreign institutions generally attracts students for opting private universities instead of public universities.

• Job-Oriented Course: A major attraction of private universities is the job-oriented courses they offer. Training and placement is an important activity in most of the private universities. Some of the universities have collaborations with industries for student’s internships and placement.

Issues Concerning Private Universities:

Private universities have done more harm than providing benefits. The private university runs on profit motives by charging hefty fees from students for courses.
Private universities invite students for higher education, but no guarantee of job is given after completion of the degree.
Private higher education institutions are often accused of charging any amount in excess of fees charged for the course from students, in turn making them unaffordable. Fee structures of private institutions may be one reason for the inaccessibility of higher education. Exorbitant capitation fees in private institutions ranged from 1-10 lakh for engineering courses, & 20-40 Lakh for advanced courses in medicine, 5-12 lakh for dental courses and 30,000-50,000 for courses in arts and science.
education has become business and private universities have become companies for doing business, In the name of education a nexus of politicians, goons and educational Professionals are establishing colleges/universities and laundering the incite money in establishing institutions to escape the wrath of tax officials. With increasing large force of educated unemployed is a serious issue of concern standards in education is also lowering with high capitation fees, it is a pity that India doesn’t have a single private university in the top 100 best universities in the world.

Reforms in Private Universities:

Over the years, the Supreme Court of India has interpreted the nature of private institutions to be charitable and useful at a good rate and not for so that no illegal profits can be made in the name of providing education. If a revenue surplus is generated, it is to be used by the educational institution for the purpose of its expansion and education development.
Private universities should ensure that they do not become mere machines for producing graduates and post-graduates like their government counterparts.
The efforts and time of the students and the money of their parents should not go into the dustbin. The emphasis should be on high-quality education and on the need to adapt to the changes quickly and effectively. The rules and regulations should be such that foreign students are also attracted to study in India.
They should, therefore, have to be given the flexibility to raise resources. The legal and administrative frameworks allowing private sector operations should be simplified. There should be deterrents for those who provide poor quality education it is essential to stimulate private investment in higher education to extend educational opportunities. It is also pointed out that while private investment is high in the emerging areas of engineering, medicine and management recommended that the private sector should not confine itself to the commercially viable sectors.
The government on its part should take the role of establishing more universities and colleges in higher education along with private universities the Supreme Court ruled that the fees charged by private unaided educational institutes, could be regulated. Also, while banning capitation fee, it allowed institutes to charge reasonable fees.

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