Governor’s Firm Stand: Why Charge Universities Higher Interest Than Banks? Hints at Fee Hike and Pension Reforms

Jaipur, Rajasthan: Governor Haribhau Bagde has expressed deep concern over the deteriorating financial condition of the state’s government universities and outlined a roadmap for urgent reforms. In a high-level meeting with vice-chancellors, he emphasized that without strict measures, maintaining both academic quality and financial stability would be challenging.

Fee Revision After 12 Years

The Governor pointed out that tuition fees at several universities have remained unchanged for the past 10–12 years. He noted that failing to adjust fees over time is hollowing out these institutions from within. While suggesting fee revisions, he cautioned that increases should be gradual and announced before the start of the admission process, so as not to provoke student protests.

Discrepancy in Government Loans

Governor Bagde raised concerns over the state government’s loan policy. He noted that universities are charged 10–12% interest on government loans, while banks offer loans at around 8%. He urged the government to reduce these rates immediately, stressing that charging higher interest from its own institutions is unjustified.

Curbing Corruption with Mandatory Audits

Amid recent suspensions of vice-chancellors and corruption cases, the Governor has instructed that CAG audits be made mandatory. Every vice-chancellor must undergo an audit by the third year of their tenure to ensure transparency and accountability.

Focus on Pension and Curriculum Reforms

Governor Bagde also discussed pension payment issues with Chief Minister Bhajan Lal Sharma, proposing the formation of a dedicated committee. Additionally, he recommended enhancing the curriculum by including texts from the Indian knowledge system, such as the works of Rishi Parashara and Vallabhacharya. He stressed that delays in filling vacant academic positions compromise educational quality and must be addressed immediately.