Institute of Excellence (IoE) status to be given to six colleges, UGC is expected to approve the proposal to announce the names of the institutes on Monday. This status will entitle these institutes to special incentives. 20 Institutes – 10 Public and 10 Private will get complete academic and administrative freedom under the HRD ministry’s scheme. 10 Government institutes will also be entitled to special funding. 3 Institutes each from government and private sector will be selected out of which two will be Indian Institute Of Technology, an upcoming university by Reliance Foundation, and one will be BITS, Pilani. As informed by persons having knowledge about the scheme. According to a senior UGC official, Six institutes have been selected by the responsible committee and will be presented on Monday for approval. A number of Top Universities applied for the IoE scheme including Delhi University, Jawaharlal Nehru University and the Top IIT’s when the Government announced the proposal to create IoE’s. N Gopalaswami, Former chief election commissioner was selected as the chairperson of the empowered expert committee(EEC) for selecting the institutes. The institutes that have the status of eminence will have more freedom unlike other institutes to start new courses, give admission to foreign students, hire foreign faculty, and will not be required to take permission from the government to collaborate with international education institutes. Rs 10,000 crore will be invested by the government in the institutes approved under the project over next few years. Prakash Javedakar, HRD minister said that the IoE status will not only improve the education quality but will also foster competition among the education sector.