Cabinet nod hope for IIMs

Your Education is Our World

The cabinet may tomorrow approve seven new Indian Institutes of Management promised by the UPA, paving the way for government plans to launch four of them later this year.

It may also approve a long-pending scheme to subsidise education loan interests for poor students pursuing professional higher education courses.

This year none of the new IIMs will offer the flagship post graduate diploma in management (PGDM) that is most sought after at India’s premier B-schools, HRD ministry sources told The Telegraph.

They will instead offer short courses in mid-career skills for working executives this year, and begin offering the PGDM courses only next year, the sources said.

The cabinet in its meeting tomorrow is scheduled to discuss and possibly approve the new IIMs promised in the XIth five-year plan, reports our special correspondent.

The government had initially promised six new IIMs — one each in Chattisgarh, Jharkhand, Uttarakhand, Haryana, Tamil Nadu and Jammu and Kashmir.

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