The Union Cabinet chaired by Prime Minister Narendra Modi on Thursday approved the setting up of the Indian Institute of Management (IIM) at Jammu. As per the decision, the premier management institute would be established and operationalised from the current academic year. The decision was one of the several decisions passed by the Cabinet today.
Here are all you need to know about the Cabinet decision to set up an IIM in Jammu:
Why IIM Jammu?
Setting up IIM, Jammu is a part of PM Modi’s development package for Jammu & Kashmir. The Institute coupled with the opening of IIT at Jammu, modernization of NIT Srinagar and the opening of two new AIIMS institutions, one each in Kashmir region and Jammu region, would go a long way in meeting the requirement of high-quality living and education in Jammu & Kashmir.
IIM Jammu campus
The institute would run from a temporary campus at the Old Government College of Engineering & Technology during the academic year 2016-17.
Cost of setting up IIM Jammu
The project would involve a cost of Rs 61.90 crore in the temporary campus for the initial four years from 2016 to 2020.
The student strength intake for this year in the Post Graduate Diploma Programme (PGDP) in Management is 54 which will progressively go up to a cumulative student strength of 120 in the 4th year.
The Cabinet has decided that steps would also be taken up for setting up the campus at Jammu and an out-campus in Kashmir region.
IIM Jammu permanent campus
The Detailed Project Report for the permanent campuses is under preparation and thereafter the process for setting up of the campuses would start.
Who will run IIM Jammu?
The Cabinet today approved the formation of an IIM Jammu Society under the Societies Registration Act, 1860. IIM Jammu will be run and managed by the Society with a Board of Governors (BOGs) to be constituted by the Government of India, which will administer the Institute and would be responsible for establishment and operationalisation of the Institute.
Total IIMs in India
At present, there are nineteen IIMs. Out of these, thirteen IIMs are located at Ahmedabad, Bengaluru, Kolkata, Lucknow, Indore, Kozhikode, Shillong, Ranchi, Raipur, Rohtak, Kashipur, Trichy, Udaipur. Another six IIMs which have been started in 2015 are located at Amritsar, Sirmaur, Nagpur, Bodhgaya, Sambalpur and Vishakhapatnam.
(With PIB inputs)