Financial Crunch: Pune University Urges Its Alumni For Financial Support
Pune, February 23, 2021: Savitribai Phule Pune University (SPPU) has appealed to its alumni to extend financial support as the university is facing a serious financial crunch. A discussion was held in this regard at a meeting organised by the management council of the university.
Speaking about this, a member of the council Rajesh Pande said, “In the last few years the deposits of the university have reduced. Due to the Covid-19 situation bank interest rates have also decreased. At the same time, there is a reduction in funds provided by the centre and state governments. All these things are affecting the financial condition of the university. About Rs 60 crore is being spent on the payment of teaching and non-teaching staff of the university, which put a heavy burden on the budget. We are trying to explore new income sources for the university. As a part of this initiative, it is also decided to raise the fund from the alumni cell, facilities will be developed accordingly.”
Meanwhile, in a meeting held under the leadership of vice-chancellor Dr Nitin Karmalkar, permission was given to the proposed budget of the University for the year 2021-2022. The budget will be presented in the general body meeting to be held on 20th March 2021.
