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Delhi University earned more than Rs 200 crore from student fees in 2023-24, revenue doubled in five years, Career News

by Vikram Dave
October 22, 2024
Delhi University earned more than Rs 200 crore from student fees in 2023-24, revenue doubled in five years, Career News

Delhi University: The revenue of Delhi University (DU) has more than doubled from student fees in the last five years. More than Rs 200 crore has been collected in the last financial year. Even the grants given by the UGC have been largely underutilized. According to information released by the Finance Department, the internal receipts (fund inflow) of the university, which mainly includes student fees but also other things like consultancy fees, was Rs 100 crore in 2019-2020 which is expected to increase by Rs 100 crore in 2023-2020. It has increased to more than Rs 200 crore in 24 years.

In 2019-20, UGC had given a donation of about Rs 600 crore to DU and in 2023-24, Delhi University has been given Rs 800 crore as grant (donation) from UGC. If seen, between 2019-20 to 2023-24, the UGC grant to DU has decreased from 83 percent to 77 percent. This shows that the role of public money in the functioning of Delhi University is decreasing.

Let us tell you that DU officials have not yet given any statement regarding these figures. In the last two years, it has been observed that the total receipts of the university are more than the total expenditure. From which it has come to light that the money has been utilized less than the total receipt.

DU had increased the fees of all its degree programs in July. In which the fees of PhD program was increased by 60 percent. In December last year, DU had increased its annual fees by 46 percent, which is the second increase within a year. This is the reason why the revenue received by DU from fees has increased a lot.

According to university data, DU has received 76.6 per cent of the total inflow of funds in the financial year 2023-24 from UGC grants and the remaining 23.4 per cent from internal sources such as student fees.

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