Since independence, India has witnessed a significant increase in the educational institutions that offer higher education. Over the years, the number of colleges has increased from 578 in 1950 to 30,000 in 2011 which explains the growing importance of higher education in India. Moreover, today’s generation is also realizing the importance of receiving higher education as it not only strengthens the social character but also helps to explore better career prospects and ensures better paying jobs. Hence, starting your own private college in India will be beneficial for you.
Go through the following step-by-step procedure that will help you to start a private college in India.
Starting your own private college takes commitment and effective planning. So, first you need to develop a business plan wherein you need to specify all the basic requirements of opening a college. Budget, land, infrastructure, affiliation, marketing etc. are some of the basic components that you need to plan on before starting private college in India.
Opening a private college is not an individual’s task. So, you need to seek support from individuals or committees that can drive the planning process and help you to run your college successfully. Further, you are required to register your committee as a society, in accordance with the rules laid down by the government.
The investment required for your venture would range from 2 to 3 Crores. So, you need secure funding options. You can either borrow money from the moneylenders or approach banks that provide loans to aspiring edupreneurs.
The next important step is to obtain the No Objection Certificate from the Directorate of Higher Education of the respective state where you want to start your college. On the basis of this NOC, your society will be allotted a land by the concerned land owing agency of the state. For this, you are required to fill an application form and submit it along with a fee of Rs.10,000.
As soon as the land is allotted to you, start constructing the college building and infrastructure. Make sure that you include all the basic requirements and facilities in your college. Ensure an optimum supply of electricity & water for your college and equip your college with fire alarms & fire extinguishers.
Once the college building is ready, you need to get affiliation from a recognized university. In India, all the colleges are controlled and maintained by universities that are affiliated to the UGC (University Grants Commission). They help to provide educational standards which are at par with the international standards.
Further, you are supposed to get an approval of the professional degrees that your college will be offering. In case you are starting a private technical college, get it approved by the AICTE (All India Council for Technical Education). Further, MCI grants approval to medical colleges and INC grants approval to nursing colleges.
After completing the aforesaid formalities, start with the recruitment process. For this purpose, you may conduct interviews for teaching, non-teaching and administrative staff at the college campus.
Lastly, you need to start promoting your private college to get your college’s name noticed in the locality. You may put up billboards at strategic locations such as alongside of busy roads. Simultaneously, you may start circulating ‘admissions open’ flyers in the neighbourhood.
The above mentioned procedure will help you through the start-up process. However, if you still feel inexperienced, you may resort to expert guidance by talking to other professionals who are already running their private colleges.