The availability of seats for admissions of 2019-20 academic batch in IITs and IIMs are likely to include the 124th Amendment – Constitution Bill 2019 of 10% reservation for economically weak section (EWS) of the society and implement 5% reservation.
After the passage of 10% EWS quota in education, the Ministry of Human Resource Development (HRD) has asked the centrally funded institutions to handle logistical information and reports on financial requirements and management of seats before January 31. Following the new Bill, India’s premier educational institutes – the Indian Institute of Engineering (IIT) and the Indian Institute of Management (IIM) are planning to reserve 5% of their seats for the economically weak section (EWS).
The IIT’s decision on 5% reservation implementation from the upcoming admission terms was confirmed by V Ramgopal, Director-IIT Delhi. However, Ramgopal also said that their management sector counterpart IIMs, are not likely to implement the 10% EWS reservation and can probably seek an exemption in an upcoming 2019-20 academic session since it’s financial and infrastructural layers are not yet staged for any addition to current inclination.
R Subrahmanyam, secretary of Higher education ensures a decision to be made once they scan the institution’s reports on the matter for which the government has granted a two-year window. The inducing of 10% EWS quota has necessitated funds for advancements, for which the IITs seek financial assistance from the joint venture of Canara Bank and MHRD, HEFA. Higher Education Financing Agency is an aide to back the infrastructural and research enhancements with the low-interest capital assets. The institutions seek funds apart from HEFA as the financial aid by it is ultimately a loan that the institutions need to recover and then pay. Raising funds to help the economically weak students that enroll for higher education under EWS is a big question mark for almost all IIT branches. The hike in enrollment by 25% under EWS quota is also a big concern to cope up as the institutions plan to open up new courses parallel to popular existing courses in the near future.