Education is the manifestation of the perfection already in man.” - Swami Vivekananda Indigenous Education. Our goal should be making education for all free of cost. Commercialization of Education. Government Funding. Corporate Funding. Funding from Society. Good Governance and Transparency in Education. Education Loan. Technology Enabled Learning (TEL). Bridging Social Gaps. Learning with earning. WE want the Education by which character is formed, strength of mind is increased, the intellect is expanded, an by which one can stand on one's own feet.

1. Dr. Varadraj Bapat
Faculty in Accounting and Finance,
Indian Institute of Technology Mumbai
Email: varadraj@som.iitb.ac.in
Contact: 9869083118/ 9892413119
Monday, 17 October 2016 1

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“Education is the
manifestation of the
perfection already in
man.”
- Swami Vivekananda

5. Indigenous Education
oBharat has a very long glorious history of
education since ancient times. Indigenous
education system was remarkably effective in
addressing needs to the society at that time.
oMahatma Gandhi termed the glorious
Bharatiya system as ‘beautiful tree’ of
education and stated that this beautiful tree
was destroyed by British.
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6. Indigenous Education
oIndigenous education was not a sellable
commodity in India till 17th Century. It was
always given free through the system of
‘Gurukul’.
oThis education was available to all sections of
society. (all castes and religions).
oResearched by Dharampal (a great Gandhian
thinker), based on British Records.
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7. Cycle of Sustenance (यज्ञ)
Vyashti
Samashti
Smaller Entity
Larger Entity
Yogakshem
Karma
Yajna
Karmafala

8. Beautiful Tree
oBritish destroyed the glory and essence
of ‘Shiksha’ and injected monotonous
bookish education in India
oOur goal should be making education
for all free of cost.
oAt present also, higher education is free
in Germany.
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9. Commercialization of
Education
oPost 1992, Nationailised Govt funded
education system gradually is getting
replaced by commercialization and
education is becoming profit making
service industry.
oIncreased cost of education –
oMarginalized sections of the society are
deprived of higher education
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10. Funding
Government
Corporate
Sector
Society
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11. Government Funding
oMinimum allocation for education should be
6 % of GDP
oSufficient allocation for priority areas
envisaged by the education policy
oThe U.S. Federal Government currently
offers a 60 percent wage subsidy to
employers of students engaged in work-
study programs
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12. Corporate Funding
oCompanies obligatory Corporate Social
Responsibility (2% of Profit)
oInvesting CSR funds in education through
charitable trust formed by Comapany
oFormation of trust will prevent corporate
houses to engage in profit making activities
through education and commercialisation of
education
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13. Funding from Society
oEducational institutes can acquire funds
directly from the society in the form of
donations
oEffective Interaction with Alumni
oCommunity based institutions and universities
should be promoted. It will increase social
participation in education sector
oGovernment can allow income tax concession
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14. Good Governance and
Transparency in Education
oInstitutional Governance regulation needs to
followed in letter and spirit
oStandard practices for accounting, reporting
and disclosure requirements for all financial
statements
oAll transactions through Bank only. No cash
holding in educational campuses.
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15. Good Governance and
Transparency in Education
oIt shall include independent trustees/
directors, audit committee, CFO, rotation of
trustees/ directors, rotation of auditors,
restriction on maximum number of trustees
from the same family
oGood governance and transparency in
education sector will attract investment from
corporate and society (incl. Alimni)
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16. Exploring Funding Options
Scholarships
Cloud funding
Community Help
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17. Education Loan
oEducational Development Bank should be
established to fund various educational
activities at low interest rate
oRefinance of Educational loan and direct loan
to institutions
oLoans may be made available through banks,
micro-finance institutions, universities and
colleges
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18. Education Loan
oBanks may be encouraged to provide such
loans without asking for tangible security or
income proof of the parents
oDematerialization of degrees will reduce
chances of defaults
oEducation loan can be linked with CIBIL,
Aadhar Card and Passport
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19. Open learning platforms
Technology
Enabled
Learning (TEL)
Open and
Distant
Education
Modular
Education
Professional
Certification
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20. Open examinations
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oOpen examinations to evaluate participants
knowledge and certify them. (like CA, CWA,
CS, CAIIB, AMIE). Such certifications by
Govt. bodies and universities will significantly
improve access to education for masses.
oFlexibility in course structure like transfer,
rejoining, eligibility, examination etc.
oModular Education

21. Technology Enabled
Learning (TEL)
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oMobile based courses needs to be promoted.
oFaculty should be encouraged to develop
video lectures, video demos for practical and
tutorials and content generation for TEL .
oCoursera, NPTEL, Khan Academy – Mass
open courses

22. Technology Enabled
Learning (TEL)
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oAwareness about effective use of Technology
Enabled Learning (TEL) is the need of an
hour and vis a vis availability of necessary
infrastructure in colleges must be developed.
oTEL can be best used for Teachers’ Training.
Courses can be designed and transacted
through TEL every 2 to 3 months for teachers.

23. Bridging Social Gaps
oTechnology Enabled Learning (TEL)
oGirls’ education should be free of cost
oThe ‘marginalized sections’ of society like
scheduled caste/tribe, other backward
classes and minority deserve special attention
oDifferently-abled (Divyang)
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24. Bridging Social Gaps
oDistance education is a very good system to
bridge the gender, age and social gaps.
Online courses and technology driven
teaching would go a long way in this regard. A
network of such service centers has to be
established to cater to these needs. Open
examinations with certification facilily will
enable girls and marginalized sectons to get
access to education
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25. Bridging Social Gaps
oNeeds in terms of language, can be
addressed; education in Marathi and local
tounges through Technology Enabled
Learning (TEL)
oMaking education available in Indian
languages and availability of good material in
Indian languages will go a long way in
accessing higher education to the
marginalized sections.
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26. Bridging Social Gaps
o(e.g. Spoken Tutorial Project in IIT Mumbai
allows learning of Software in all Indian
languages)
oUniversity needs to move from Teaching to
facilitating Learning
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27. Learning with earning
oInternship opportunities
ochange in outlook of teachers
oPart-time students
oModular Approach
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28. Foreign Students
oAttracting Foreign Students
oUniversity needs change rules
oMarketing our education
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30. to get into act

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32. Dr. Varadraj Bapat,
Email: Varadraj@som.iitb.ac.in
Contact: 9869083118/ 9892413119
Monday, 17 October 2016 32