Indian education industry is special. It is one of the biggest in the world and also a fast-growing sector. However, the true meaning of educational institutions is changing – from learning to becoming dynamic educational & cultural centers of the society. However, running a school or college has become a challenge in itself.
There should be ample infrastructure and other facilities provided by your institution to ensure quality and value-based education. You also have a fulfill investment requirements, legal formalities, etc. So, you should do your research before setting up an educational institution.
If you follow a systematic procedure and know what the key requirements are, you will be able to establish your own school/college without much hassles. Some of the major requirements to start an educational institute are given below. After fulfilling the requirements given below, you can start an educational institution in India.
Charitable Trust: Majority of private educational institutions in India are started by charitable Trusts. So, registering a Trust (with at least 3 individuals as its Trustees) is one of the key requirements to start an educational institution.
Land: Land is another prerequisite for opening a school/college in the country. The land should be registered in favor of the Trust. The land requirements vary in accordance with the category. For example, if you want to set up a preschool or a coaching centre, the land requirements are lesser than formal schools or colleges.
Location: You should not confuse land with location. The land is the plot or building where your school/college will be established, while the location is the site where the land will be situated. Site selection is another requirement to start an educational institution in India.
Budget: For any kind of business venture including opening an educational institution in India, you need to make an estimate of the budget. Do your research about the expenses involved in opening an education institution in your city.
Permissions: You need to get permission from the concerned government departments at different stages of your project. Before construction of your school/college, you need to secure a NOC from the state government. When your school has been upgraded to 8th grade, you need to gain affiliation from a recognised school education board such as CBSE, ICSE or state Board. In case of a college, you need to get approval and recognition from apex bodies such as AICTE (for engineering colleges), MCI (medical colleges), DCI (dental colleges) and abide by their norms for the construction and infrastructure facilities of your college.
Now, let’s talk about the procedure given below to open a school/college in India.
First, prepare a working model of your school/college. If you are applying for financial assistance, you would need to submit a business plan. The working model should include estimate of the capital expenditure specifying the costs involved in construction, finishing work and promotional activities, details of the land you would purchase/rent-in for your educational institution, number of educators, administrative staff and support staff you want to hire for your school/college, number of students you wish to offer admission to your educational institution. Your business plan should be clear, comprehensive and self-explanatory.
The next step is to form a Trust that because most of the educational institutions in India are run by charitable Trusts for non-profitable purposes. You need to register the Trust and submit the Trust Deed at the time of registration, in accordance with the laws of the government.
Now you may purchase or rent land required for the construction of the school/college. Choose a location suitable for educational institutions. The land should be non-agricultural – fit for either institutional or commercial purposes.
After acquiring the land, you may now start the construction of the building of your school/college.
When the aforesaid construction and finishing work is over, you may start recruiting educators, administrators and support staff for your school/college.
The last step is to officially launch your school/college. You may conduct a Press Conference to announce the launch of your school or advertise through print ads (pamphlets/handbills, print ads in local newspaper/magazines), commercials in local entertainment channels, hoardings, billboards, etc.
By following the aforementioned procedure systematically, you can start your own school/college easily! Fill the education franchise application form and get free consultation on how to start a school in your city.