INDIA: Government mulls university bonds

The Ministry of Human Resource Development is considering allowing educational institutions to float bond issues for fund-generation, writes Kalpana Pathak for the Business Standard.

"At present, we are working on some of these ideas. We are also thinking of a national education finance corporation, which can tap into a lot of such resources. We will try to put it all together and work it out as a strategy in the new scheme in the 12th five-year plan," a senior ministry official told Business Standard.

A widely-accepted concept in the West, a bond issue allows institutions to tap into the vast pool of not only their alumni network, but also people who wish to do their bit for the education sector. There will, however, be certain conditions education institutions will have to adhere to, which the ministry is still working on.
Full report on the Business Standard site