Project Report: -

6. Project Report: - (1) The project report shall, in addition to the particulars as may be prescribed in section-5, contain the following, namely: - (a) justification regarding the necessity of establishment of the proposed Private University; (b) the details of the sponsoring body along with copies of its registration certificate under the Indian Trusts Act, 1882 (Central Act 2 of 1882) or the Societies Registration Act, 1860 or the Companies Act, 2013, (Central Act 13 of 2013) as the case may be, and whether minority (religious or linguistic) (c) the track record, experience and domain expertise in the proposed disciplines; (d) the name, location and headquarters of the proposed Private University; (e) the objectives of the Private University; (f) availability of academic facilities including teaching and non-teaching staff, if any, at the disposal of the sponsoring body; (g) the details of plans for campus development such as, construction of buildings, development of structural amenities and infrastructure facilities and procurement of equipment for starting the Private University; (h) the phased outlays of capital expenditure and its sources of finance; (i) the nature and type of programmes and courses of study, research and innovation proposed to be undertaken by the Private University; (j) the nature of facilities proposed to be started; (k) the scheme of mobilizing resources and the cost of capital thereto and the manner of repayment to such sources; (l) projected detailed financial statements and key operating ratios with a detailed break-up of sources of revenues generated internally; झारखण्ड गजट (असाधारण) सोमवार, 25 नवम्बर, 2024 (m) the system proposed to be followed for selecting students for admission to the courses of study at the Private University; (n) the system proposed for appointment of teachers and other employees in the Private University; (o) the nature of specialized teaching, training or research activities to be undertaken by the Private University including those related to the local needs, so as to fulfil its objects; (p) the details of play grounds and other facilities available or proposed to be created for games and sports and extracurricular activities like National Cadet Corps and National Service Scheme; (q) proposed approach and initial plans for academic and research excellence, including accreditations to be sought and academic auditing; (r) the concessions or rebates in fees and scholarships, if any, to be granted by the Private University to the students from economically or socially backward families, including Scheduled Castes, Scheduled Tribes, other Backward Classes and differently abled students; (s) commitment to align itself with the State policies such as Industrial and Investment Promotion Policy, Startup Policy, Energy Policy, Health Policy, Mining Policy, etc. which require interaction and association with higher education institutions; (t) commitment to follow the norms of the regulatory bodies; (u) such other details as the sponsoring body may like to give; and (v) such other details as may be decided by the State Government from time to time. A checklist containing key components of the project report is attached as Annexure-1 for the ready reference of the Scrutiny Committee at the time of evaluation of the proposals submitted by the sponsoring bodies. (2) In addition to complying with the provisions as prescribed in the section-6(1), an existing educational institution applying for Private University status through its Sponsoring Body, will be treated as a fresh application and the application process remains as per the provisions under this Act, however, it is expected to meet the following additional eligibility/compliance criteria: - (a) the institution shall submit audited accounts for last five financial years; (b) the institution must be an institution approved by relevant regulatory bodies/councils. In addition, the existing institution must obtain a NOC from the State University in case it is already affiliated to a State University at the time of making the application; (c) the institution must also have approval for their academic programs from respective regulatory bodies like UGC, AICTE, MCI, DCI, NCTE, BCI, INC etc; (d) at the time of applying, the institution must possess necessary academic and physical infrastructure as prescribed by respective statutory/regulatory bodies concerned. झारखण्ड गजट (असाधारण) सोमवार, 25 नवम्बर, 2024 (3) An application made by the existing educational institution for the status of Private University shall comply to the conditions, application, and processes for establishment as mentioned under section-3, section-4, section-5, and section-6 (1)& 6(2). Notwithstanding anything mentioned in the above mentioned sections, the existing institution shall continue to function as is, basis their existing affiliation and approvals till a period of four years after the issuance of LoI or the passing of the last batch, whichever is earlier.