India, Oct. 10 -- Higher education sector regulator, the University Grants Commission (UGC) has initiated the process of revamping the rules under which it provides grants to colleges.

According to an official source, the Commission in one of its recent meetings had decided that the modalities under which it provides grants to colleges needed to be reviewed to bring it in tune with contemporary requirements.

According to a draft circulated by the regulator, only those colleges which follow UGC regulations on various aspects and also have financial resources to run at least for a year will be allowed to receive grants for the UGC.

The college should be permanently affiliated to a university as per the provisions of the UGC (Affiliation ...