Despite the fact that the varsity has secured A+ grade, it hasn’t yet got the tag of grade II and the varsity will be able to seek the benefits only after getting the inclusion from University Grants Commission (UGC).
“We will soon be applying to UGC for the grade and for grant of Rs 50crore. The procedure will not take long as varsity has already got an A+ tag and the grade will be given in UGC meeting,” nodal officer of DAVV for Rashtriya Uchchattar Shiksha Abhiyan (RUSA), Dr Abhay Kumar told TOI.
With this, DAVV will be able to start new course or department or centre in disciplines that form a part of existing academic framework without approval of UGC provided no demand for fund is made from government on account of starting the new course or department, he added.
Moreover, as varsity gets into Grade-II category, they will be free to admit foreign students on merit to a maximum of 20% over and above of the strength of their approved domestic students and charge fees from foreign students without any restrictions.
The varsity will also be able to hire foreign faculty having taught at any institution appearing in top-500 of any world renowned ranking frameworks without approval of the commission on tenure or contract basis.
“DAVV will be able to offer courses in open and distance learning mode with approval of the commission. Also, the varsity will be able to build in an incentive structure to attract talented faculty. But, incentive structure shall have to be paid from their own revenue sources and not from commission or government funds,” said media spokesperson of DAVV Dr Chandan Gupta.