NEW IIMS to be Established- Union Cabinet Approves

Campus Establishment -The establishment of a permanent campus for seven new IIMs has been approved by the Union Cabinet. Amritsar, Bodh Gaya, Nagpur, Sambalpur, Sirmaur, Vishakhapatnam and Jammu are the seven IIMs that are in question. In the year 2015-16 and 2016-17, these IIMs were established in and are presently functioning from transit campuses.

In an area of 60384 sqm, each of these IIMs will be constructed. A complete infrastructural facility for 600 students in each IIM will be available on all the campuses.

Insights

In fact, the recurring grants to these institutes have also been approved. For 5 years to all the new IIMs, Government will give Rs. 5 Lakh per student per year. Thereafter, from the internal generation of funds, the institutes are expected to meet their running cost/maintenance cost. The construction of the permanent campus of these institutes is expected to be completed by June 2021. With this, all the 20 IIMs will have their own permanent campuses.

Meanwhile, the registration for CAT 2018 is held recently after on and the last date to register for the exam got over on September 19, 2018, at 5:00 pm. In any of the IIMs, CAT is the first step to admission. Students are selected on the basis of their CAT score and a multiple other factors for selection rounds at the IIMs which involve a Written Ability Test and Interview.

About IIM

IIM offer postgraduate, doctoral and executive education programmes. Based on the recommendation of the Planning Commission the establishment of IIMs was initiated by Jawaharlal Nehru, the first Prime Minister of India. Offering the Post Graduate Diploma in Management (PGDM), the two-year Post Graduate Programme in Management (PGP) is the flagship programme across all IIMs.

A group of 20 public, autonomous institutes of management education and research in India are comprised under the Indian Institutes of Management (IIMs). Under the Indian Societies Registration Act, IIMs are registered as societies.  Over its day-to-day operations, each IIM is autonomous and exercises independent control. However by the IIM council, the administration of all IIMs and the overall strategy of IIMs is overseen. Most IIMs also offer short-term executive education/EMBA courses and part-time programmes. Like IIM Indore’s Five Year Integrated Programme in Management, some IIMs also offer unique programs and IIM Lucknow’s Working Managers’ Programme of three years.

The postgraduate diploma programmes are considered equivalent to regular MBA programmes. Some IIMs also offer a one-year Post Graduate Diploma Programme for graduates with more work experience. Some IIMs offer the Fellow Programme in Management (FPM), a doctoral programme. The Fellowship is considered to be equivalent to Ph.D. globally.

The IIM Council is headed by India’s Minister of Human Resource Development and consists of the chairpersons and directors of all IIMs and senior officials from the Ministry of Human Resource Development of the Government of India.

Image source: Hindustanbusinessline

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