SPPU brings down budget deficit by over 50 per cent
Gradual reduction in budget observed in past 4 yrs
Pune: Over the past four years, Savitribai Phule Pune University (SPPU) has managed to balance its budget by reducing the deficit, almost by over 50 per cent from 2016-17 when it had a deficit of Rs 120 crore. In the academic year 2018-19, it was Rs 47 crore.
Research, improvement of university’s merit, different schemes and courses for students’ welfare have been on top priority in the SPPU academic year budget 2019-20, which was discussed in the Senate meeting held on Saturday. The meeting was presided over by Vice-Chancellor, Nitin Karmalkar along with pro-vice chancellor NS Umarani and Registrar Prafulla Pawar.
The SPPU prepared a budget of Rs 633 crore to complete the required undertakings for the academic year 2019-20, said Rajesh Pande, a member of the Management Council.
However, the budget has been reduced by Rs 16 crore as compared to the previous year (2018-19), when a budget of Rs 659 crore was presented.
A gradual reduction in the annual budget has been observed in the past four years as 2016-17 budget amounted to Rs 694 crore.
Pande requested all Senate members to raise funds through corporate social responsibility (CSR) initiatives. “The university needs more funds and an equal amount of funds as the budget can be raised,” said Pande.
Several new courses and humanities merit scholarship have been announced, for which allocation has been made.
The university will start a new scholarship titled ‘Humanities Merit Scholarship’ and a budget of Rs 5 lakh has been reserved for the same.
Pande said no new construction work will be undertaken in the new academic year, the budget has considered only theongoing construction projects. An allocation of Rs 53.37 lakh for ongoing constructions and Rs 3.22 crore for renovation of the facilities has already been allocated.