Consider the following statements about the MERITE Scheme –
- It is a Central Sector Scheme aimed at improving technical education in government engineering institutions and Polytechnics across all States/UTs.
- The scheme is fully funded by the Government of India, with no external financial assistance.
- It includes interventions such as updating curricula, faculty development programs, and setting up innovation hubs in alignment with NEP-2020.
- The World Bank provides 50% of the total funding for the scheme as a loan.
- Only private technical institutions are eligible for support under this scheme.
Which of the statements given above are correct?
Explanation –
MERITE is a Central Sector Scheme for improving quality, equity, and governance in technical education, implemented in government engineering colleges, polytechnics, and affiliating technical universities across India with collaboration from the World Bank. It has ₹4,200 crore funding (₹2,100 crore as World Bank loan). It focuses on NEP-2020 aligned interventions like curriculum updates, internships, faculty training, and innovation centres. Only government and government-aided institutions are eligible.
Explanation –
MERITE is a Central Sector Scheme for improving quality, equity, and governance in technical education, implemented in government engineering colleges, polytechnics, and affiliating technical universities across India with collaboration from the World Bank. It has ₹4,200 crore funding (₹2,100 crore as World Bank loan). It focuses on NEP-2020 aligned interventions like curriculum updates, internships, faculty training, and innovation centres. Only government and government-aided institutions are eligible.