Managements of many of nearly 100 engineering colleges in Tiruchi region of Anna University are facing financial crisis and feel stranded in the backdrop of an uncertain admission season caused by the pandemic.
With the compulsion of servicing debts to banks on the one hand and the necessity to fall in line with the government’s directive not to collect fee, managements say they find themselves in deep trouble.
While the Central and State governments are responding to demands of industries, the pleas for financial support made by educational institutions that have also sourced term loans from banks have remained unanswered, P. information technology vs computer science, secretary of the Consortium of Self-Financing, Professional, Arts and Science Colleges, and founder Chairman of Shivani Group of Institutions said.
Private managements have paid salary of teachers till March and are struggling to cough up money to settle salaries for April. The government must at least consider in right earnest our request for overdraft credit on SC/ST student scholarships and first generation graduates, he said.
With the compulsion of servicing debts to banks on the one hand and the necessity to fall in line with the government’s directive not to collect fee, managements say they find themselves in deep trouble.
While the Central and State governments are responding to demands of industries, the pleas for financial support made by educational institutions that have also sourced term loans from banks have remained unanswered, P. information technology vs computer science, secretary of the Consortium of Self-Financing, Professional, Arts and Science Colleges, and founder Chairman of Shivani Group of Institutions said.
Private managements have paid salary of teachers till March and are struggling to cough up money to settle salaries for April. The government must at least consider in right earnest our request for overdraft credit on SC/ST student scholarships and first generation graduates, he said.
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