The Ministry of Human Resource Development (MHRD) which held a crucial meeting yesterday had reportedly found a solution for the ongoing conflict of interest between UGC (University Grants Commission) and AICTE (All India Council for Technical Education). For years AICTE has been regarded as the regulatory body for technical & management Institutions, which from now on will not be the same. AICTE has been demoted to a mere advisory body; while the UGC has been vested with powers to control technical & professional colleges.
Business Schools which are offering autonomous PGDM (Post Graduate Diploma in Management) courses are likely to be spared and they will not be asked to sort approval from the Universities. The likes of SP Jain Mumbai, Great Lakes Chennai, LIBA Chennai, IMT Ghaziabad etc are all autonomous colleges which offer AICTE PGDM courses.
The important conclusion is that Management colleges which offer MBA from an affiliating University will come under the purview of UGC. Autonomous Business Schools which offer diploma courses will be under AICTE’s leadership. The decision will impact the entire MBA education scenario in India and the Banks too need to update their system of sanctioning education loans. No longer AICTE approval makes sense for MBA colleges as they are governed by it’s University regulatory body UGC.
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