Home
Colleges
Entrance Exams
Board Exams
Results
Question Papers
Study Abroad
Education Loans
Articles
News
College Predictor
College Reviews
Write a Review
COLLEGES
EXAMS
RESULTS
Home
Write a Review
Login
Engineering
Colleges By Course
B.E / B.Tech Colleges in India
M.E / M.Tech Colleges in India
Polytechnic Colleges in India
B.Tech + M.Tech Colleges in India
B.Tech + MBA Colleges in India
+ MORE COURSES IN ENGINEERING
Colleges By State
Andhra Pradesh
Telangana
Tamil Nadu
Karnataka
Maharashtra
Orissa
West Bengal
Gujarat
Madhya Pradesh
Uttar Pradesh
+ MORE
Exams
GATE
JEE Main
JEE Advanced
BITSAT
VITEEE
SRM JEEE
AP EAPCET
TS EAMCET
OJEE
KEAM
KLU EEE
TNEA
KIITEE
MHT CET
KCET
+ MORE
Tools
JEE Main College Predictor
TS ECET College Predictor
TS EAMCET College Predictor
AP ECET College Predictor
AP EAPCET College Predictor
TS PGECET College Predictor
GUJCET College Predictor
WBJEE College Predictor
HSCEET College Predictor
OJEE College Predictor
KEAM College Predictor
+ MORE
Management
Colleges By Course
MBA Ranking of 2023
MBA Colleges in India
BBA Colleges in India
BBM Colleges in India
PGDM Colleges in India
MBA (Integrated) Colleges in India
+ MORE COURSES IN MANAGEMENT
Colleges By State
Andhra Pradesh
Telangana
Tamil Nadu
Karnataka
Maharashtra
Orissa
West Bengal
Gujarat
Madhya Pradesh
Uttar Pradesh
+ MORE
B-Schools By State
Andhra Pradesh
Telangana
Tamil Nadu
Karnataka
Maharashtra
Orissa
West Bengal
Gujarat
Madhya Pradesh
Uttar Pradesh
+ MORE
Exams
CAT
XAT
CMAT
MAT
NMAT UG
IBSAT
SNAP
ATMA
AP ICET
TS ICET
Karnataka PGCET
TANCET
+ MORE
TOOLS
TS ICET College Predictor
AP ICET College Predictor
+ MORE
Law
Colleges By Course
LLB Colleges in India
BA LLB Colleges in India
LLM Colleges in India
B.Com LLB Colleges in India
BBA LLB Colleges in India
+ MORE COURSES IN LAW
Colleges By State
Andhra Pradesh
Tamil Nadu
Karnataka
Maharashtra
Orissa
West Bengal
Gujarat
Madhya Pradesh
Uttar Pradesh
Kerala
Telangana
Goa
Uttarakhand
Bihar
Chhattisgarh
Jharkhand
Arunachal Pradesh
Punjab
Chandigarh
+ MORE
Exams
CLAT
LSAT
ITLA
CULEE
UL SAT
SET
AILET
ACLAT
KLSAT
LFAT
AP LAWCET
AP PGLCET
KSET
TS LAWCET
+ MORE
More Courses
Law
L.L.B
B.A. LLB
L.L.M
+ MORE LAW COURSES
science
B.Sc
M.Sc.
+ MORE SCIENCE COURSES
Fashion Designing
B.Sc.
BFT
+ MORE FASHION DESIGNING COURSES
Hotel Management
B.Sc
BHM
BHMCT
+ MORE HOTEL MANAGEMENT COURSES
Commerce
B.Com
M.Com.
+ MORE COMMERCE COURSES
Pharmacy
B.Pharm
D.Pharm
M.Pharm
Pharm.D
+ MORE PHARMACY COURSES
Computers
MCA
BCA
+ MORE COMPUTERS COURSES
Architecture
B.Arch
M.Arch
Ph.D
M.Plan
+ MORE ARCHITECTURE COURSES
Arts
BA
MA
BFA
BSW
MSW
+ MORE ARTS COURSES
Medical
M.B.B.S
B.D.S
BAMS
BHMS
B.Sc Nursing
+ MORE MEDICAL COURSES
EXAMS
Engineering
GATE
JEE Main
JEE Advanced
BITSAT
TS EAMCET
VEE
AP EAPCET
GGSIPU CET
OJEE
KEAM
SRM JEEE
KIITEE
LPU NEST
TJEE
SAAT
+ MORE
Management
CAT
XAT
CMAT
MAT
AUMAT
JET
PDPU
Amity JEE
AP ICET
GITAM GAT
Assam CEE
HPCET
PGCET
KMAT
CEE
+ MORE
LAW
CLAT
LSAT
ILSAT
AILET
AP LAWCET
+ MORE
Pharmacy
GPAT
VEE
AP EAPCET
Assam CEE
KEAM
+ MORE
Medical
NEET
CPMEE
AIIMS
+ MORE
Hotel Management
NCHMCT JEE
eCHAT
UGAT
+ ALL EXAMS
+ ALL BOARD EXAMS
Study Abroad
Study Abroad
Study in USA
Study in CANADA
Study in AUSTRALIA
Study in NEW ZEALAND
Study in UK
Study in Singapore
Study in Germany
Study in Ireland
Articles
Engineering
Top Engineering Colleges in Raipur | Course, Fees, Rank, Placements
Top Engineering Colleges in Kochi | Course, Fees, Rank, Placements
+ MORE
Management
Top MBA Colleges in Varanasi | Course, Fees, Rank, Placements
Top MBA Colleges in Visakhapatnam | Course, Fees, Rank, Placements
+ MORE
Law
List of Law Colleges in Hyderabad | Top LLB Colleges in Hyderabad
KIITLEE 2024: Exam Date, Registration, Syllabus, Admit Card
+ MORE
Computers
TANCET 2024 Application Form
TANCET 2024 Syllabus
+ MORE
Medical
NEET UG 2024: Exam Date, Registration, Syllabus, Admit Card
COMEDK UGET 2024: Exam Date, Registration, Syllabus, Admit Card
+ MORE
Teaching
AP DEECET 2024: Exam Date, Registration, Syllabus, Admit Card
AP EDCET 2024: Exam Date, Registration, Syllabus, Admit Card
+ MORE
Architecture
TANCET 2024 Application Form
TANCET 2024 Exam Pattern
+ MORE
Pharmacy
GPAT 2024: Exam Date, Registration, Syllabus, Admit Card
AP ECET 2024 Examination Pattern
+ MORE
TOOLS
College Predictors
JEE Advanced College Predictor
JEE Main College Predictor
AP EAPCET College Predictor
AP ECET College Predictor
TS EAMCET College Predictor
TS ECET College Predictor
AP ICET College Predictor
TS ICET College Predictor
KEAM College Predictor
AP PGECET College Predictor
AP EAMCET Rank Predictor
TS EAMCET Rank Predictor
+ MORE
RESOURCES
Entrance Exam Question Papers
CAT Question Papers
GATE Question Papers
IIT-JEE Question Papers
AIEEE Question Papers
ISAT Question Papers
ICAI Question Papers
NIMCET Question Papers
IIT-JAM Question Paper
GPAT Question Papers
AIPMT Question Papers
XAT Question Papers
CLAT Question Papers
CEED Question Papers
JEE Main Question Papers
JEE Advanced Question Papers
CMAT Question Papers
IIFT Question Papers
JNU CBEE Question Papers
SNAP Question Papers
UGC NET Questions Papers
BITSAT Questions Papers
JIPMER Question Papers
AIIMS Question Papers
UCEED Question Paper
NEET Question Papers
+ MORE
Educational Loans
SBI Bank
Bank of Baroda
Central Bank of India
IDBI Bank
Dena Bank
Canara Bank
Avanse Non Bank
Punjab National Bank
Saraswat Bank
+ MORE
Results
Results
Notifications
Time Tables
Career Guidance
News
News Details
Fee reimbursement: Engineering College Managements Agree To Bank Loan Formula
Posted On:
14/02/2011
Updated On:
Engg College Managements Agree To Bank Loan Formula
Hyderabad: Tension between college managements and state government on the fee reimbursement issue eased a bit on Sunday with a majority of the colleges agreeing to take loans to fund the education of students. College managements have communicated to the government that they would take bank loans (on the government's counter guarantee) and pay the interest for the same. They, however, demanded that the government release the entire dues by mid-April.
According to the new proposal put forward by the engineering college managements, the government would pay 50 per cent of the fund arrears within the coming week and the rest would be taken as loan from banks on government's counter guarantee. The government would pay the banks directly.
Engineering college management representatives on Sunday said that they were ready to take bank loans if the government agrees to pay back the money within a period of three months. "We do not want to put pressure on the government. We are willing to take bank loans and pay the interest for two months if the government agrees to release the funds by April second week,'' said Ramesh Nimmatoori, chairman of the striking Consortium of Private Engineering and Professional College Managements' Association.
The government had asked the managements to wait for six months for the release of the entire amount under the scheme. "We cannot wait for so long as several colleges which had taken bank loans on 24 per cent interest have been issued eviction notices from banks,'' Nimmatoori said.
A meeting would be held on February 16 to convince the government to release funds by April.
Meanwhile, the managements would also ask the affiliating universities to give them concession on the yearly development fee that is levied from them. "Each year we pay Rs 2,000 per student to the universities under various categories, including infrastructure development. But this year we are planning to ask the universities to allow us to pay just Rs 1,250 per student. This would cover the interest which the managements will have to pay the banks,'' said a management representative.
The colleges are also sceptical if the government would release 50 per cent of the funds immediately. "Officials had stated that they would pay 20 per cent of the funds immediately and the rest in instalments. We want 50 per cent of the funds now. Only then can the bank loan plan work,'' said Nimmatoori.
The managements will, however, not call off the strike till the government agrees to pay the nodal banks including SBI, SBH and Andhra Bank within two months.
More News
CUET UG 2024: Application edit window begins today; steps to make correction
CUET UG 2024: The National Testing Agency (NTA) will begin the online application edit process today (April 6) for the Common University Entrance Test, Undergraduate (CUET UG) 2024 examination. Candidates can make the changes in the application ...
Posted On:
06/04/2024
Read more
AP POLYCET 2024: Registration date extended; check admit card release date
AP POLYCET 2024: The State Board of Technical Education and Training today extended the registration deadline for AP POLYCET 2024. Candidates now have time till April 10 to apply at the official website — polycetap.nic.in. Initially,...
Posted On:
05/04/2024
Read more
UP Board Results 2024: UPMSP warns students, parents against fraudulent calls
UP Board Class 10, 12 Results 2024: The Uttar Pradesh Madhyamik Shiksha Parishad (UPMSP) today cautioned students and parents against falling for fraudulent calls. The board said that it is aware that students and their parents might receive cal...
Posted On:
05/04/2024
Read more
CUET PG 2024 Live Updates: Provisional answer key, result date and more
CUET PG 2024 Live Updates: The National Testing Agency (NTA) will release the answer keys for CUET PG 2024 by this week. Once released, candidates can check the answer keys for CUET PG 2024 at the official website — pgcuet.samarth.ac....
Posted On:
04/04/2024
Read more
JEE Main 2024 Session 2: These things are allowed in the exam hall
JEE Mains 2024 Session 2 Exam Guidelines: The National Testing Agency (NTA) will begin conducting session 2 of the Joint Entrance Examination (JEE Main) 2024 from April 4. Registered candidates can download their hall tickets from the official J...
Posted On:
03/04/2024
Read more
AP TET Results 2024 Live Updates: How to check my score once released?
AP TET 2024 Results Live Updates: When announced, the AP TET results and scorecards can be downloaded from the official website -- aptet.apcfss.in.Manabadi AP TET Results 2024 Live Updates: The Department of School Education, Andhra Pradesh will anno...
Posted On:
15/03/2024
Read more
IIT Delhi invites applications for Project Management online certificate course
Interested students can apply for this course at the official website of IIT Delhi -- iitdelhi.emeritus.org.The Indian Institute of Technology, Delhi (IITD) on March 14 launched applications for an online certificate programme of Project Management. ...
Posted On:
15/03/2024
Read more
GATE 2024 Result: Date, websites to check GATE scores
GATE 2024 Result Date, Time: Candidates who took the GATE 2024 exam can check their scores at the official website -- gate2024.iisc.ac.in.GATE 2024 Result Date, Time: The GATE 2024 result will be announced on March 16 by the IISc Bangalore. Candidate...
Posted On:
15/03/2024
Read more
AP TET 2024 result: Where can I check my result?
AP TET 2024: Candidates who appeared for the exam will be able to download their scorecard from the official website -- aptet.apcfss.in. AP TET 2024 Result Link: The Department of School Education, Andhra Pradesh will today release the results for th...
Posted On:
14/03/2024
Read more
IIM Lucknow to launch angel investing certification programme
The two-day residential programme at the Indian Institute of Management (IIM) Lucknow EIC (Noida) campus will be held on April 6 and 7, 2024.Startup accelerator program India Accelerator Wednesday announced a partnership with the IIM-Lucknow Enterpri...
Posted On:
14/03/2024
Read more
View all