The Rashtriya Uchchatar Shiksha Abhiyan (RUSA) — a Centrally-sponsored scheme for reforming the State higher education system — approved by the Cabinet Committee on Economic Affairs (CCEA) will adopt a completely new approach towards funding State universities.

The key principles for RUSA funding will be based on performance, incentivising well performing institutions and decision-making through clearly defined norms. These will help establish and rely upon a management information system to gather essential information from institutions.

A total of 316 State universities and 13,024 colleges will be covered under RUSA and 54 existing colleges would be converted into model degree colleges. Infrastructure grants would be given to 150 universities and 3,500 colleges to upgrade and fill critical gaps in infrastructure especially libraries, and laboratories. The RUSA scheme would also support 5,000 faculty positions.

Eligibility factor

Under the scheme, an initial amount will be provided to the State governments to prepare them for complying with the above requirements. Once eligible for funding under RUSA, the States will receive funds on the basis of achievements and outcomes. The yardstick for deciding the quantum of funds for the States and institutions comprise the norms that reflect the performance in key result areas (access, equity and excellence). The State plans will capture the current position of the States and institutions with respect to these indicators, as well as the targets that need to be achieved. The State Higher Education Council will undertake this process of planning, execution and evaluation, besides other monitoring and capacity building functions.

For more details regarding the same please find the attachments or visit the below mentioned link.

http://mhrd.gov.in/rusa