Economy

Educational institutions must generate funds to reward excellence: PM

Our Bureau Mumbai | Updated on January 07, 2011 Published on January 07, 2011

Dr Manmohan Singh



Terming the growing number of privately funded ‘for profit' educational institutions as a worrisome trend, the Prime Minister, Dr Manmohan Singh, has called upon such institutions to generate more funds to reward excellence.

Speaking at the ‘Infosys Prize 2010' annual award function here on Thursday, Dr Singh said: “Indeed, with the growing share of privately funded for-profit educational institutions, this may be emerging as a worrisome barrier to freer access to knowledge for all…this is precisely why I personally value scholarships and prizes that liberate creative minds from the constraints of economic and social handicaps.”

Dr Singh went on state as to how his life would have been completely different if he would not have secured scholarships to complete his education in India.

It may be recalled that the Right to Education was recognised as a fundamental right in India last year.

“If there is one initiative that our Government has taken in these six-and-a-half years in office that I consider really special, it is the enactment of the Right to Education Act that has now been enshrined in our statue book,” he said.

The Infosys Science Foundation, now in its second year, rewards persons who have made “outstanding contributions” to scientific research with an impact on India. Five winners across six categories received a cash prize of Rs 50 lakh each, a citation certificate and a gold medallion from the Prime Minister today.

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Published on January 07, 2011
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