The Ph.D. Scholars of Indian Institute of Technology (IIT) and Indian Institute of Science (IISc) will now be receiving Rs. 70,000 as a monthly fellowship by the Union Government. The scholars will receive the fellowship for five years. This amount is increased from last year, which was Rs. 25,000 for starting two years and Rs. 28,000 for the remaining three years.
Kewal Kumar Sharma, Union higher education secretary, announced this at the IIT Kharagpur on its 67th Foundation Day celebration. He said that the scheme is only for students graduating from IITs, IIITs, and NITs and going to pursue their Ph.D. from IITs or IISc.
Mr. Sharma said that this scheme will help the meritorious student. This will stop the students from leaving the country for financial reasons. The Draft scheme is prepared and sent to the Finance Ministry. They are hoping to get the approval soon. About 2,000 students will receive this fellowship, probably from next session.
In the Times Higher Education’s Asia University Rankings 2017, only the IIT Bombay and IISc Bangalore found a place at the 42nd and 27th place respectively. The list was topped by universities from China, Japan, Singapore, Hong Kong, and South Korea.
In the Times list of the Higher Education’s Best Small Universities across the globe, IISc Bangalore was the only Indian university that found a place in the list.
Also, to improve the ranking of the Indian institutions in the global ranking list, a scheme is approved to make the select institutes ‘Institutes of Eminence’. These institutions include 10 in public sector and 10 in private sector.
Under this scheme, selected Institute will receive a significant amount to get themselves to the top of the ranking list. An amount of Rs. 1,000 crore has been approved to be given to these selected institutions.
For any query, candidates are requested to check the official website
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