Detailed Project Report on Private University

PRIVATE UNIVERSITY

(EIRI/EDPR/1470) J.C. 251

INTRODUCTION

Generally, under the laws of India, education is one of the charitable objects and hence it can only be conducted by a society or a trust or a section 25c company only. Reference may kindly be drawn to UGC regulations of 2003 which permits all these three types of entities to establish a Private University. Similar provisions are also found in the relevant guidelines of other state. However, a perusal of proposed UGC regulation of 2010 suggests that UGC has omitted sec 25c companies from the list of sponsoring body. Hence, it will be difficult to allow sec 25c companies in the sponsoring body for a Private University. The sponsoring body should be a registered society or registered trust. The sponsoring body registered outside of the State may also be allowed to establish a Private University in the State.

Term of Existence:-

We are talking in terms of establishing a University, and hence it is but advisable that higher education being a domain of Central Government specifically in terms of maintaining the standards , therefore it is necessary that either the applicant or the promoters of the applicant should have reasonable experience in the field of education.

Definitions

"private university" means a university duly established through a State/Central Act by a sponsoring body viz. a Society registered under the Societies Registration Act 1860, or any other corresponding law for the time being in force in a State or a Public Trust or a Company registered under Section 25 of the Companies Act, 1956.

"off-campus centre"* means a centre of the private university established by it outside the main campus (within or outside the State) operated and maintained as its constituent unit, having the university_s compliment of facilities, faculty and staff.

"off-shore campus"* means a campus of the private university established by it outside the country, operated and maintained as its constituent unit, having the university_s compliment of facilities, faculty and staff.

"study centre"* means a centre established and maintained or recognized by the university for the purpose of advising, counseling or for rendering any other assistance required by the students used in the context of distance education.

"student" means a person duly admitted and pursuing a programme of stud * _" "off-campus centre" "off-shore campus" and "study centre" as defined under these Regulations shall be applicable to the universities as defined under 2(f) of the UGC Act, 1956.

University means a University established or incorporated by or under a Central Act. provincial Act or a State act and include any such institution as may in consultation with the university concerned by recognized by the commission in accordance with regulation made in this behalf under the university Grant Commission Act 1956.

(a) "AICTE" means All India Council of Technical Education established under All India Council of Technical Education Act, 1987 (Central Act No. 52 of 1987); Called as Bihar Satet University Act'2005

(b) "CSIR" means the Council of Scientific and Industrial Research, New Delhi- a funding agency of the Central Government;

(c) "DEC" means the Distance Education Council established under section 28 of Indira Gandhi National Open University Act, 1985 (Central Act No.50 of 1985);

(d) "distance education" means education imparted by combination of any two or more means of communication, viz. broadcasting, telecasting, correspondence courses, seminars, contact programmes and any other such methodology;

(e) "DST" means the Department of Science and Technology of the Central Government;

(f) "employee" means a person appointed by the university to work in the university, colleges, institutions or study centers and includes teachers, officers (other than the Visitor) and other employees of the university;

(g) "fee" means collection made by the university from the students by whatever name it may be called, which is not refundable; (h) "Government" means the State Government of Rajasthan;

(i) "higher education" means study of a curriculum or course for the pursuit of knowledge beyond 10+2 level;

COST ESTIMATION

Plant Capacity                                            Private University
Land & Building (5 Acre)                           Rs. 4.00 Cr
Plant & Machinery                                       Rs. 13.66 Lacs         
W.C. for 3 Months                                       Rs. 2.71 Cr           
Total Capital Investment                             Rs.7.45 Cr              
Rate of Return                                             31%   
Break Even Point                                        66%

CONTENTS

INTRODUCTION

CHARACTERISTICS OF THE PRIVATE UNIVERSITY

AIM AND JUSTIFICATION TO OPEN PRIVATE UNIVERSITY

UGC (ESTABLISHMENT OF AND MAINTENANCE OF STANDARD IN PRIVATE UNIVERSITY) REGULATION

INSPECTION AND CONSEQUENCES OF VIOLATION OF UGC REGULATION

GUIDELINES AND PROCEDURE TO OPEN A PRIVATE UNIVERSITY

SCOPE OF PRIVATE UNIVERSITIES IN INDIA

LIST OF PRIVATE STATE UNIVERSITIES IN INDIA

SUPPLIERS OF RAW MATERIALS

ADDRESSES OF LABORATORY EQUIPMENTS

LIST OF EQUIPMENTS

APPENDIX – A:

01. PLANT ECONOMICS

02. LAND & BUILDING

03. PLANT AND MACHINERY

04. OTHER FIXED ASSESTS

05. FIXED CAPITAL

06. RAW MATERIAL

07. SALARY AND WAGES

08. UTILITIES AND OVERHEADS

09. TOTAL WORKING CAPITAL

10. TOTAL CAPITAL INVESTMENT

11. COST OF PRODUCTION

12. TURN OVER/ANNUM

13. BREAK EVEN POINT

14. RESOURCES FOR FINANCE

15. INSTALMENT PAYABLE IN 5 YEARS

16. DEPRECIATION CHART FOR 5 YEARS

17. PROFIT ANALYSIS FOR 5 YEARS

18. PROJECTED BALANCE SHEET FOR (5 YEARS)