Blitz Bureau
NEW DELHI: The Maharashtra Cabinet chaired by Chief Minister Devendra Fadnavis on August 11 cleared the overhaul of its regulatory framework for self-financed private skill universities, replacing university-specific Acts with a unified legislative framework.
With this decision, the previous Government Resolution dated February 5, 2021, stands repealed. Future institutions will be governed under the Maharashtra Private Skill Universities (Establishment and Regulation) Act, 2024.
According to the new guidelines, sponsoring bodies must submit a Detailed Project Report (DPR) alongside a non-refundable fee of Rs 1 crore.
After receiving the Letter of Intent (LoI), sponsors have one year to submit compliance reports. Up to two one-year extensions may be granted at a fee of Rs 50 lakh per year (50 per cent of the initial proposal fee).
Failure to comply within the window results in automatic cancellation of the LoI. Any subsequent amendment or modification to a university’s constituent Act will incur a processing fee of Rs 50 lakh.
According to the Cabinet decision, the self-financed private skill universities will come up on minimum of 25 acres of land in rural areas, 15 acres in tehsil/district headquarters, minimum 10 acres in urban areas excluding BrihanMumbai Municipal Corporation and Thane Municipal Corporation limits and minimum 10 acres plus an endowment fund of Rs 10 crore in Metropolitan Region Development Authorities limits.
