Hisar Varsity reeling under financial crisis, says Sampat Singh
Rohtak, Aug. 21 -- Former Haryana finance minister and senior Congress leader Sampat Singh on Wednesday said that Hisar's Jambheshwar University of Science and Technology is facing an acute financial crisis with a staggering budget deficit of Rs.294.92 crore.
Addressing media in Hisar, Sampat Singh said that the Haryana government had provided Rs.140 crore in grant-in-aid to the varsity in 2023-24. He expressed surprise that the state government has allocated a loan of only Rs.95 crore in its budget for the current financial year.
"The total estimated revenue for the university in 2025-26 stands at just Rs.194.11 crore, including internal receipts, income from distance education and self-financing programmes, and grants from state and central government bodies. Revenue streams have been declining and the self-financing schemes, originally launched to boost income, are expected to generate only Rs.21.11 crore this year-against an estimated expenditure of Rs.41.45 crore," he added.
Singh said that the university's total estimated expenditure-both capital and revenue-for the current fiscal year is Rs.415 crore and it threatens the existence of the university....
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