The University Grants Com-mission has undertaken a Tk 681 crore project titled \u2018Higher Education Quality Enhance-ment Project\u2019 for improving the quality of higher education and research in the country, reports UNB<\/a>.
\nThe International Development Association, a soft lending arm of the World Bank, will provide Tk\u00a0598.48 crore while the government will finance the remaining Tk 82.56 crore to implement the five-year project with the UGC as the project coordinator.
\n\u2018The main objective of the project is to improve the quality and importance of the teaching and research environment in higher educational institutions,\u2019 UGC chairman Professor Nazrul Islam, said while addressing a media orientation programme at the CIRDAP auditorium in the capital on Saturday.
\nNazrul presided over the programme, addressed by project director Rukonuddin Ahmed, UGC member Professor Amena Begum, Professor Tajul Islam, Professor Ehsanul Haque and Professor Monjurul Hakim.
\nSpeaking on the occasion, project director Rukonuddin said the enhancement project consisted of four components \u2014 academic innovation fund, Bangladesh research and education network, building institutional capacity of the UGC and the universities, and project management.\u2019
\n\u201cThere will be two phases of proposal invitation in the duration of the enhancement project, he added.
\nAccording to an UGC official, more than Tk 372 crore will be allocated in the first phase under the academic innovation fund component. Thirty five per cent of the fund grant, which is about Tk 130.2 crore, will be available for the first phase while the remaining 65 per cent will be provided during the second phase.
\nThe academic innovation fund is designed to be awarded to participating public and private universities as non-refundable grant to promote innovative proposals for quality development.
\nEarlier, on April 5 last year, the government of Bangla-desh and the World Bank signed a financing agreement to implement the project.
\nThe enhancement project was approved by the Executive Committee of the National Economic Council on October 23, 2008.<\/p>\n

Courtesy of UNB via NewAge<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The University Grants Com-mission has undertaken a Tk 681 crore project titled \u2018Higher Education Quality Enhance-ment Project\u2019 for improving the quality of higher education and research in the country, reports UNB. The International Development Association, a soft lending arm of the World Bank, will provide Tk<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[42],"tags":[],"yoast_head":"\n