*Research Scholar, Department of Management Studies, Islamic University of Science and Technology, Awantipora, J&K, India. Email: john.muhamd@islamicuniversity.edu.in
**Sr. Asst. Professor, Department of Management Studies, Islamic University of Science and Technology, Awantipora, J&K, India
Online published on 17 August, 2019.
Universities in India heavy rely on government funding. Due to the enormous increase in the number of universities, the government is consistently asking universities to be self-sufficient in funds. Financing universities is largely a state funded activity with about three-quarters of the total expenditure being born by the government. The universities in India has not been able to generate enough funds to full fill their requirements. The present paper presents a critical review of the some of the crucial aspects of university finances in India including the major fund providing agencies and their role in financing universities.
University finance, financial management, UGC, universities, Higher Education
