The young generation is fast realizing the importance of higher education, whose role is not only restricted to our lives, but, it also has an important part to play in the economic development of the country. Being highly educated not only benefits a person emotionally, socially and financially, but also helps to take charge of the future by opening new opportunities and boosting the earning potential and career prospects in one’s life.
Moreover, education is one of the fastest growing sectors in India and is not really effected in the times of recession, which makes it one of the most promising sectors in terms of investment as well. Hence, the aspiring educationists find it very lucrative to invest their time and money in this sector.
Starting your own college requires great commitment and effective planning. Given below is the procedure to start own college:
- First of all, you need to form an organization or a committee with a minimum of three members and get it registered as an association under the Society Registration Act, 1860 or the Indian Trust Act, 1882. In this committee, you can include members with entrepreneurial experience and experts who have a strong educational background.
- Next, you need to finalize your funding options. Since, you are opening an educational institution, so there will be an easy availability of loans from the banks and other financial institutions. You can also organize fundraising events to draw additional support.
- Obtaining a ‘No objection certificate (NOC)’ from the Directorate of Higher Education (DoHE) is the next important step, on the basis of which the land is allotted for the college. The society is required to fill an application form and pay an amount of Rs 10,000 every year for the renewal of the NOC.
- After securing the NOC, the next step is to acquire a suitable land and location for the establishment of the college. For that, the DoHE will forward a request to the Delhi Development Authority (DDA) who will allot a suitable land to the college authority.
- Next, you need to design an infrastructure for your college and start with the construction of the building.
- Getting affiliation from a recognized university is the next step. For that, the college authority has to fill an application form, agreeing to all the norms and the rules lay down by the university and have to pay an amount of Rs 20,000 every year to the concerned university until the affiliation becomes permanent.
- After you are done with the aforesaid formalities, further you need to decide on the degrees that your institution will offer. In case the college offers professional degrees like law or medical degree then the college is required to get it approved by the concerned committee like Bar council for law college and the Medical Council for Medical College.
- The next step you need to undertake is to start recruiting a quality staff by interviewing potential educators and administrators for the college.
- Once your college is ready for the launch, you may conduct a press conference announcing the launch of your college or you may also create a website for the college. Advertising your college through TV, newspapers, bill boards can also help you promote your college.
The above-mentioned procedure will help you through the start-up process.