In Tamil Nadu, the number of seats available for admissions in engineering colleges is far more than the demand for it. This rift in the demand and supply of the engineering aspirants and availability of seats is creating a problem for colleges that are self-funded. As the number of vacant seats are increasing, the privately run colleges are finding it difficult to manage their funds.
The promoters of at least 20 private engineering colleges have sought permission to close down their institutions, though the State Government is yet to give its nod considering the fact that the closure would affect students of these colleges, according to All India Council for Technical Education (AICTE).
The officials of AICTE stated that the private colleges across the country have been applying for closure over the past two years.
One of the Higher Education Department official, “Incidentally, in the academic year 2016-17, as many as 22 engineering colleges and one architectural college in Tamil Nadu did not have a single enrollment.”
On the other hand, Anna University authorities said that only three institutions had applied for closure. One of the officials of the University said, “Of these, we permitted one college to close down as it has already transferred its students to other institutions.”
According to a Google search, there are engineering colleges that are up for sale with varying prices ranging between ₹ 25 crore to ₹ 300 crore. These ‘For Sale’ colleges belong to Chennai, Madurai, Coimbatore and Tiruchi.
Some Facts and Figures:
Last year only 52% of B.E./B. Tech seats were filled in self-financing engineering colleges, according to Directorate of Technical Education’s data. Colleges funded by government and Anna University too managed to fill only 82% seats, as per previous years’ records.
According to an official, “Only 1,34,994 candidates applied for admission through single-window counselling for the 2,77,061 seats in 2016-17.”
The request for closure will only be processed when the university will be satisfied with college, in terms of following the norms of the process. University says that it’s the college’s responsibility to transfer the students to other institutions, before closing.
Follow www.engineering.careers360.com/ to stay updated on all the latest engineering news.