• Dr. Ashok V. Patel

This article aims to analyse the current financing pattern in higher education in India and evaluate the applicability and feasibility of several alternative funding strategies. Additionally, the essay will review the existing funding pattern in higher education in India. Higher education is almost entirely supported financially by the Indian government. On the other hand, taking into account the fact that higher education is beneficial not just to individuals but also to society as a whole, and that it tends to attract more privileged parts of society, there is an argument that can be made in favour of moving the financial burden from the level of society to the level of the individual. It is possible that relying only on general tax money to finance higher education over the long run is not the most effective strategy due to the limited resources available and concerns about equity. As a consequence of this, many alternative policy solutions, such as public funding, student loans, graduate tax, student fees, and the participation of the business sector, are being investigated. Among all of these possibilities, it has been suggested that selecting the best pricing strategy would result in a solution that is both more efficient and fair. In light of the socioeconomic and political realities that exist, the government must continue to shoulder a major percentage of the expenditures associated with higher education. Despite this fact, efforts should be made to build a funding model that encompasses a range of approaches rather than relying on a single strategy. In addition, there is support for the idea that distinct charge and subsidy systems ought to be developed for the various levels and kinds of higher education.

Finance, Higher Education, India, Fund

"Exploring the Shifting Landscape of Financial Management in Higher Education Institutions in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 8, page no.g115-g124, August-2022, Available :http://www.jetir.org/papers/JETIR2208618.pdf

"Exploring the Shifting Landscape of Financial Management in Higher Education Institutions in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 8, page no. ppg115-g124, August-2022, Available at : http://www.jetir.org/papers/JETIR2208618.pdf